Quantrix Chooses Engineering Software Lab Ltd. to Deliver Quantrix Modeler in Israel, Cyprus, and Turkey
ESL uses Quantrix Modeler to develop advanced quantitative models for customers
Portland, ME, November 17, 2006 --(PR.com)-- Quantrix today announces that Engineering Software Lab., Ltd. (ESL), which develops and implements quantitative financial and analytical solutions for customers in Israel, has become an authorized reseller of Quantrix Modeler in Israel, Cyprus, and Turkey. Quantrix Modeler is a desktop quantitative modeling software application that goes beyond traditional spreadsheet technology to enable professionals to develop models in greater depth and from multiple perspectives while improving productivity, accuracy, and transparency.
"We solve and model complex scientific and financial problems for our customers, and we needed a more sophisticated solution than existing spreadsheet software," says Daniel Liezrowice, CTO of ESL. "Quantrix Modeler offers a set of technical features that enables us to use a higher-level approach in developing complex models for our financial and scientific customers." Quantrix's multidimensional capabilities and its ability to integrate with databases and other tools are other strong features that led ESL to choose Quantrix Modeler.
"Israel is the home to a large and growing population of financial, scientific, and mathematical engineers, and we're excited that ESL will introduce Quantrix Modeler to this vibrant community," says Chris Houle, Chief Executive Officer, Quantrix. "ESL is a leader in delivering advanced quantitative models to this region and Quantrix Modeler will be a powerful addition to its portfolio of advanced tools."
Quantrix Modeler incorporates a unique approach that separates the logic of a model from the structure, which allows users to create and use formulas outside the confines of the cell. Formulas are expressed in words rather than by cell coordinates so they are easy to understand, trace, and audit. Users can make changes, incorporate new dimensions, and view multiple scenarios dynamically without redesigning or reworking their model. In addition to the core application, Quantrix offers an API (QAPI) that allows third-party developers to embed Quantrix into their software applications.
About Engineering Software Lab Limited
Engineering Software Lab Ltd., (ESL) was founded in 2005 by a group of enthusiastic software engineers with backgrounds in financial mathematics, statistics and Advanced Data Visualization. Based in north Tel Aviv, Israel, ESL specializes in distribution, support, integration localization and developing Value Added Services for scientific, mathematical, analytical, financial engineering and Data Visualization Software, with a keen focus on implementation in quantitative finance. ESL serves the Israeli Financial Industry and alternative investment community in implementing quantitative finance concepts and in integrating sophisticated investment and trading management software designed to increase yield and help customers stay profitable regardless of market trend. For more information, visit www.eswlab.com, or call +972 3 6496678
About Quantrix
Quantrix is an emerging leader in delivering modeling software and services to the world's most successful companies. With customers in more than 40 countries, Quantrix empowers organizations to reach new levels of business insight and competitive advantage. An easy-to-use interface and powerful, multidimensional calculation engine allows professionals to quickly push beyond the limits of traditional spreadsheets. Its flagship product, Quantrix Modeler™, enables organizations to explore multiple dimensions simultaneously, define formulas with words rather than coordinates, and easily create new scenarios without rewriting or restructuring models. For Customer Success Stories and more information on Quantrix and their Partners, please visit www.quantrix.com or call +1 207-775-0808.
Contact for Engineering Software Lab Ltd.:
Daniel Liezrowice
+972 54 6496673
daniel.l@eswlab.com
Contact for Quantrix :
Alison Harris
Harris Media Services
207.829.4500
alison@harrismediaservices.com
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"We solve and model complex scientific and financial problems for our customers, and we needed a more sophisticated solution than existing spreadsheet software," says Daniel Liezrowice, CTO of ESL. "Quantrix Modeler offers a set of technical features that enables us to use a higher-level approach in developing complex models for our financial and scientific customers." Quantrix's multidimensional capabilities and its ability to integrate with databases and other tools are other strong features that led ESL to choose Quantrix Modeler.
"Israel is the home to a large and growing population of financial, scientific, and mathematical engineers, and we're excited that ESL will introduce Quantrix Modeler to this vibrant community," says Chris Houle, Chief Executive Officer, Quantrix. "ESL is a leader in delivering advanced quantitative models to this region and Quantrix Modeler will be a powerful addition to its portfolio of advanced tools."
Quantrix Modeler incorporates a unique approach that separates the logic of a model from the structure, which allows users to create and use formulas outside the confines of the cell. Formulas are expressed in words rather than by cell coordinates so they are easy to understand, trace, and audit. Users can make changes, incorporate new dimensions, and view multiple scenarios dynamically without redesigning or reworking their model. In addition to the core application, Quantrix offers an API (QAPI) that allows third-party developers to embed Quantrix into their software applications.
About Engineering Software Lab Limited
Engineering Software Lab Ltd., (ESL) was founded in 2005 by a group of enthusiastic software engineers with backgrounds in financial mathematics, statistics and Advanced Data Visualization. Based in north Tel Aviv, Israel, ESL specializes in distribution, support, integration localization and developing Value Added Services for scientific, mathematical, analytical, financial engineering and Data Visualization Software, with a keen focus on implementation in quantitative finance. ESL serves the Israeli Financial Industry and alternative investment community in implementing quantitative finance concepts and in integrating sophisticated investment and trading management software designed to increase yield and help customers stay profitable regardless of market trend. For more information, visit www.eswlab.com, or call +972 3 6496678
About Quantrix
Quantrix is an emerging leader in delivering modeling software and services to the world's most successful companies. With customers in more than 40 countries, Quantrix empowers organizations to reach new levels of business insight and competitive advantage. An easy-to-use interface and powerful, multidimensional calculation engine allows professionals to quickly push beyond the limits of traditional spreadsheets. Its flagship product, Quantrix Modeler™, enables organizations to explore multiple dimensions simultaneously, define formulas with words rather than coordinates, and easily create new scenarios without rewriting or restructuring models. For Customer Success Stories and more information on Quantrix and their Partners, please visit www.quantrix.com or call +1 207-775-0808.
Contact for Engineering Software Lab Ltd.:
Daniel Liezrowice
+972 54 6496673
daniel.l@eswlab.com
Contact for Quantrix :
Alison Harris
Harris Media Services
207.829.4500
alison@harrismediaservices.com
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Quantrix
Alison Harris
207-829-4500
www.quantrix.com
Alison Harris
207-829-4500
www.quantrix.com
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