07:16 AM
Active Express 3.3 Integrates More Data, Customized Content
I/B/E/S, a unit of Primark, has released the latest enhancement to its Active Express line of equity workstations for portfolio managers, institutional money managers and analysts. Active Express version 3.3 incorporates additional data-base information and integrates third-party data and proprietary client information for a one-stop shop for data and analytics.
"Specifically, what Active Express sets out to do is act as an equity workstation for the modern user," says Suresh Kavan, CEO of I/B/E/S. "It sets out to achieve this feat by integrating a variety of important content that professionals use everyday-from quality earnings estimates, research reports, morning notes, income statements, balance sheet data, pricing data and economic data. This data can then be searched, screened and charted using I/B/E/S's virtual financial database technology, which integrates any type of content from any type of database. Kavan says that while institutional users are increasingly hungry for more content, they have become somewhat "paralyzed with information overload," and therefore look to Active Express to help filter the content and focus on the important information to save time and money.
"In this particular release, we've added three major databases in the product line," says Kavan. "Those include Morgan Stanley Capital International database, the entire Worldscope database and the I/B/E/S Global Aggregates database." He adds that customer can also integrate their own databases with proprietary information, or other third-party systems if they choose, making the Active Express product fully customizable.
The Active Express version 3.3 was released in late March to the over 2,000 institutional Active Express users as a free upgrade with specialized modules priced separately. "Because I/B/E/S has gone with the open standards approach, there's really very little proprietary stuff so we're also encouraging third-party vendors to develop modules for Active Express," explains Kavan.
This latest version of the Active Express product is part of I/B/E/S's continued efforts to move beyond only providing content to include technology applications and consulting for customized products. Kavan describes the approach as "a collection of technology Lego blocks which can be mixed and matched in any way the customer wants."