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Savvysoft Announces Analytics4Rent.com First Internet site for valuing exotic derivatives online in Excel goes live, featuring patent pending "CalcServer" technology New York, June 20, 2000 -- Savvysoft, the New York-based OTC derivatives software vendor announced at the SIA Show today Analytics4Rent.com. Employing a patent-pending, breakthrough Internet technology dubbed "CalcServer," Analytics4Rent.com is the world?s first product that allows companies to run derivatives analytics on the Internet inside of an Excel spreadsheet. Analytics4Rent?s patent-pending "CalcServer" technology makes Savvysoft?s TOPS 2000 Excel Add-Ins "Internet-ready," so that they can be run not only on a PC but also on the Internet as a fully integrated part of Excel. With Savvysoft?s Analytics4Rent.com, TOPS 2000 Excel Add-Ins are now available on demand via the web on a 24/7 basis. Companies will be able to use TOPS 2000 models to price, hedge and measure the risk of OTC derivatives simply by visiting the Analytics4Rent website. Analytics4Rent will significantly lower the up front cost of using TOPS 2000 models. Instead of the traditional method of paying for a perpetual license up front, companies will effectively be able to lease Analytics4Rent on a subscription basis. Subscribers to Analytics4Rent.com will be able to always access the latest version of TOPS 2000?s cutting edge pricing models. More importantly, they will be able to use the models directly on the Internet in Microsoft Excel, using TOPS 2000?s acclaimed user interface. Excel is the browser "We?re extremely excited about offering TOPS 2000 as an Internet product, but we?re especially thrilled by the fact that companies will be able to run TOPS 2000 models not only on the Internet but also inside Excel," said Rich Tanenbaum, founder of Savvysoft and former head of Derivatives Research at Bankers Trust, now Deutsche Bank. "We have 1000 users who have discovered the synergy of coupling the unmatched derivatives capabilities of TOPS 2000 with all of Excel?s power, such as copying, building formulas, using mathematical functions, graphing, creating templates, macros, real-time data feeds, and access to databases. But now with Analytics4Rent.com, we?re pushing the envelope one giant step further: companies will now have the convenience of renting TOPS 2000 and using it online inside Excel. Until now, if you wanted to price options on the Internet, you either had to put up with a clunky web page calculator for submitting a calculation, or live with the limitations of someone else?s standalone application. And even then, you had to settle for inferior calculations. Analytics4Rent provides you with all the power of the Excel spreadsheet, the sophistication of TOPS 2000, simultaneously with all the advantages of an Internet application. In essence, we?ve made Excel the browser." The breakthough CalcServer technology behind Analytics4Rent is patent pending. Savvysoft intends to apply the technology to create Internet Ready Add-ins for a wide range of applications. Savvysoft is an ASP Analytics4Rent.com is Savvysoft?s first foray into the ASP (Application Service Provider) market. ASPs provide software on a rental basis, which offers customers three key advantages: |
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