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Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud. We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
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Visual Numerics JMSL Library Integrated Into RiskMetrics Group's Portfolio Pilot
JMSL(TM) Numerical Library Enables Exploration of New Dimensions of Performance

HOUSTON, TX -- (Marketwire) -- 10/22/08 -- Visual Numerics, Inc., a leading provider of numerical analysis and visualization software, announced today that RiskMetrics Group, a leading provider of risk management and corporate governance services to the global financial community, will utilize its JMSL Numerical Library to enhance the financial stress testing functionality of its Portfolio Pilot application. RiskMetrics' Portfolio Pilot is an analytics solution that enables portfolio managers to design, test and optimize their investment strategies before risking trading capital.

RiskMetrics' stress testing capability embedded in Portfolio Pilot allows portfolio managers to simulate multiple combinations of events to determine their potential impacts on the overall portfolio. For example, portfolio managers using the stress testing tools can simulate historical stress events, such as the Asian market crisis of 1997 or create their own theoretical stress events, such as a 10 percent spike in the price per barrel of oil, with the goal of modeling portfolio performance under a variety of market conditions.

The addition of the JMSL Library Optimization Functions helps portfolio managers optimize a trading strategy based on their portfolios' responses to these stress test simulations. The new optimization tool will allow users to identify such variables as the efficient frontier and the maximum return achievable for any feasible level of risk.

"Amidst increased market volatility over the past year, we have seen an increase in interest in stress testing among our asset management clients," said Peter Benson, RiskMetrics Group's Americas Manager for Front Office Products and Services. "The addition of the JMSL Library enables us to take our modeling capabilities even further, helping clients to determine an optimal allocation strategy based on a comprehensive view of their total risk exposure."

"For years, customers in the financial services industry have used functions in the IMSL Numerical Libraries to solve risk management, optimization, forecasting, fixed income analysis and other problems," said Andy McClure, director of North American sales, Visual Numerics. "We're pleased to see RiskMetrics Group extending Portfolio Pilot into new areas like stress testing to offer their customers the very best analytical tools for optimization and risk management."

About Visual Numerics, Inc.

Visual Numerics has provided technical software solutions for numerical analysis and visualization for more than three decades. The company's software products help users understand complex data from a variety of sources and build business-critical applications. Visual Numerics offers two product lines: the IMSL® Numerical Libraries for powerful mathematical and statistical analysis and the PV-WAVE® visual data analysis development environment. Visual Numerics also offers consulting services for applications that involve mathematical, statistical, or visual data analysis to meet today's business analytical needs.

Major corporations, academic institutions, and research laboratories worldwide use Visual Numerics' software tools, including such high profile companies as: SAP; Teradata; Barclays Global Investors; Humana; Sandia National Laboratories; and Boeing Company. This large and diverse customer base is supported through a direct sales force, wholly owned international subsidiaries, and international distributors. For more information about Visual Numerics, visit www.vni.com.

About RiskMetrics Group

RiskMetrics Group is a leading provider of risk management and corporate governance products and services to financial market participants. By bringing transparency, expertise and access to the financial markets, RiskMetrics Group helps investors better understand and manage the risks inherent in their financial portfolios. Our solutions address a broad spectrum of risk across our clients' financial assets. Headquartered in New York with 20 global offices, RiskMetrics Group serves some of the most prestigious institutions and corporations worldwide. For more information, visit www.riskmetrics.com.

VISUAL NUMERICS MEDIA CONTACT
Diane Garey
713.954.6401
dgarey@vni.com

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