Infoglide Software Breaks New Ground With Online Service Offering
Austin, Texas – January 29, 2010 – Infoglide Software announced today the availability of Identity Resolution as a Service (IRaaS(TM) ), a software-as-a-service (SaaS) adaptation of its flagship product, Identity Resolution Engine™ (IRE). IRaaS was designed for customers who want to learn who’ss who and who knows whom within their data but prefer using a hosted solution.
“We’ve received requests from prospective customers who want to resolve identities and find hidden relationships in their data, but prefer the simplicity of using an online service rather than an enterprise solution,” said Ram Anantha, director of product management with Infoglide Software. “In response, we created IRaaS to fill the current gap with a web-based service powered by the same technology as our enterprise products. Rather than licensing and installing software on their own servers, users can opt to access the software via the Internet on a pay-as-you-go basis.”
IRaaS is a secure, private, and configurable hosted entity resolution service that enables matching, de-duplication, and identification of hidden relationships. Like IRE, it can go beyond traditional data matching and de-duplication technology by incorporating patented technology that includes over 50 attribute-specific algorithms, rather than using a one size fits all approach.
IRaaS also benefits from IRE scalability. In one test case, for example, the company loaded 1.7 million records in ten minutes and de-duplicated them in less than three hours.
Web-based services delivery makes it easy to get started and easy to manage costs based on the volume of work. Delivered as a horizontal service for multiple industries such as healthcare, marketing services, law enforcement, airport security, insurance, banking, and catalog services, IRaaS applications include customer record de-duplication, watch list matching, medical record management (EMPI, EHR, EMR), fusion center information sharing, fraud detection, householding, and compliance.
“We’re experiencing an especially strong push for SaaS applications from smaller customers and prospects,” said Bob Barker, chief marketing officer for Infoglide. “McKinsey and Sandhill recently surveyed small companies and found that 74 percent of them prefer SaaS solutions. We’re confident that IRaaS creates an entirely new offering that will help us reach many new customers. The survey conducted by McKinsey ‘s Company and SandHill Enterprise Software revealed that small companies (those with fewer than 100 employees) spend 26 percent of their software budget on subscription-based software compared to the 11-17 percent spent by larger companies. Not surprisingly, IDC is projecting a 40 percent year over year increase in SaaS products.”
Of course, just having a SaaS offering is not sufficient, said Ram Anantha. What will continue to set us apart is the power of the underlying technology that IRaaS was created from. It’s the same technology selected by the Department of Homeland Security for post 9/11 airline passenger screening, and all the innovation that goes into IRE will be available in IRaaS.
IRaaS becomes the third major offering from Infoglide Software. Bladeworks™ is a comprehensive identity resolution product used to create custom applications primarily for government agencies and very large Fortune 50 companies. IRE is an enterprise software product used to build commercial solutions behind an organization’s firewall.
For additional information, see http://www.infoglide.com/iraas.
About Infoglide Software Corporation
Infoglide Software Corporation is an Austin-based provider of identity resolution software and services for commercial and government organizations. Its IRaaS™, Identity Resolution Engine™ (IRE) and Bladeworks™ products apply entity resolution and analytics to the most challenging identity resolution and fraud detection applications in the health care, banking, gaming, government, insurance, law enforcement, and retail industries. Applications include lottery retailer fraud investigation; healthcare identification services; organized retail crime (ORC) detection and returns management; airline passenger screening; and auto classification and data cleansing for master data management (MDM) and data quality. Infoglide’ss patented technology powers over 50 attribute-specific algorithms for distance-based and mathematical data matching, fuzzy search/fuzzy matching, similarity searching, identity matching, and discovery of non-obvious relationships. Infoglide’s industry blog Identity Resolution Daily (www.infoglide.com/blog) features regular guest posts and has a rapidly growing readership. Incorporated in 1996, Infoglide Software is a privately held company headquartered in Austin, Texas.