A locally-developed business intelligence tool that gives a multi-dimensional view of terabytes of data so impressed IBM that it bought 5% of the company.
In fact, Big Blue wanted 12.5% of Descisys, but the founders chose to keep the investment lower. “We wanted their help with patenting and our plans to float in the UK in 2006-07, “ says director Ian Benton.
What’s exciting the technologists is the granularity and the amount of data the TeraSolve tool delivers. “We’ve tested it at 200GB in IBM’s labs, and we haven’t managed to break it yet at 300GB in our own labs,” Benton says.
He says that, by comparison, the world’s leading product by sale, Essbase, has maximum data capability of 0.6GB.
“TeraSolve gives a multi-dimensional view of terabytes of data and brings summary to the segmentation level.”
“That allows quick reporting on data volumes of any size without any need for transforming or loading transactional data.”
Benton says this is a quantum leap ahead of any other business intelligence tool, principally as a result of architecture that uses application servers and existing databases to generate rapid-fire query and reporting regardless of data volumes.
Descycis' head office is in Auckland. Current customers include the Department of Labour, Tourism Holdings and the UK Treasury.
The company signed a reseller partnership late last year with Sysware to deliver the product to the Wellington market. Sysware will also provide consulting and marketing services.