Report by Leading Independent Market Research Firm Cites Nastel For Addressing Nascent Business Transaction Management Market
Melville, NY (PRWeb UK) January 6, 2010 — Nastel Technologies, a premier global provider of business transaction performance™ (BTP™) solutions for mission-critical applications spanning both the distributed and mainframe tiers, announced today that it has been selected as a “Hot Banking Tech Company” by Forrester Research, Inc. in their independent December 23, 2009 report “Hot Banking Tech Companies To Watch In 2010.” The report is a description of eight “emerging or smaller companies that have caught our attention because they have targeted overlooked segments” of the banking industry. Nastel’s inclusion in the “Hot Banking Tech Companies To Watch In 2010” report was for its AutoPilot® TransactionWorks®.
The newest addition to its AutoPilot M6® application performance management family of products, AutoPilot M6 with TransactionWorks gives IT professionals and line-of-business managers 360-degree situational awareness® of the entire IT environment, including both transactional and operational data in a unified business context. The solution, with its built-in complex event processing engine, enables management teams to identify and fix problems—even predict and prevent them—before they compromise SLA or other performance standards.
According to the Forrester Research report, “For May 2009 alone, New York Stock Exchange (NYSE) Euronext announced that its global trading venues experienced double-digit year-over-year trading volume growth, all while the global economy was clearly on the rocks.” It also stated, “In one discussion with a global investment bank earlier this year, Forrester learned that for the nearly 4,000 trades that were executed every second, the system had to handle nearly 90,000 system postings per second.”
Forrester’s report also stated that “The nascent business transaction management (BTM) market is separating from the more general business services management arena, and Nastel is articulating clear industry and role fits for its AutoPilot TransactionWorks.”
“Nastel Technologies has identified and successfully addressed an increasingly critical need among banking and investment firms,” said Charley Rich, vice president of marketing and product management for Nastel. “We believe our role will only become more important as investors’ and regulators’ expectations for reliability increase, and the need for deep-dive visibility requisite to make this possible becomes even more important.”
About Nastel AutoPilot
Nastel AutoPilot provides businesses with 360° situational awareness of both operational and transactional data, reduced transactional latency and improved business transaction performance ™ to ensure optimum service levels while eliminating the hidden costs, or "stealth waste," in business processes. AutoPilot’s capabilities for transaction management, automated root cause isolation, performance analysis and determination of business impact enable its users to improve business process efficiencies and service levels while reducing cost and managing risk.
Nastel Technologies is a premier global provider of business transaction performance™ solutions for mission-critical applications. Nastel is a privately held company headquartered in New York, with offices in the U.S., the U.K., Germany and Mexico, and a network of partners throughout Europe, the Middle East, Latin America and Asia. For more information, visit Nastel's website at www.nastel.com.
Nastel®, Nastel AutoPilot®, AutoPilot M6®, AutoPilot TransactionWorks® , Business Transaction PerformanceTM and BTPTM are wholly owned trademarks of Nastel Technologies, Inc. in the U.S. and other countries. All other company and product names may be the property of their respective owners and are used here for reference and informational purposes only.