FreeSat, SAND’s Strategic Reseller in South Korea, Signs Woori Bank in the Financial Services Market
Montreal, Canada – July 7, 2008 SAND Technology, Inc. (OTCBB: SNDTF.OB), an international provider of intelligent enterprise information management software, announced today that its South Korean reseller, FreeSat, has continued to expand its Financial Services portfolio with three new customers implementing the SAND/DNA product suite using FreeSat’s consulting services. FreeSat specializes in providing Business Intelligence consulting services and innovative IT solutions for information lifecycle management (ILM), and has been a key SAND reseller for five years. Over the past three months, FreeSat has increased their presence in the Financial Services market, working with a number of major South Korean financial institutions including Woori Bank, South Korea’s #3 bank and a main arm of Woori Finance Holdings. FreeSat will provide Woori Bank with an enterprise data warehouse solution using SAND/DNA products.
“The continuing data explosion is a challenge facing organizations all over the world. Having FreeSat as a strategic reseller enables SAND to help organizations in the Asian region manage their growing volumes of data in an extremely cost-effective way,” said Linda Arens, Vice President, Global Alliances and Marketing, SAND Technology. “We are very fortunate and honored to have a partner of such high quality as FreeSat representing SAND in this region.”
“We are very pleased to act as SAND’s reseller in South Korea and the Asian region,” said D.O. Shin, Managing Director of Sales for FreeSat. “Because of its ability to manage huge volumes of data with minimal hardware and administration requirements, SAND/DNA software is a key component of the solutions that we offer our customers.”
SAND/DNA enables enterprise customers in all industries to cost-effectively retain massive amounts of compressed data in a nearline repository for extended periods, in accordance with any applicable business rules and regulatory requirements, and to rapidly retrieve information when needed. A centralized data management solution with unparalleled performance and storage efficiency, the SAND/DNA suite dramatically reduces costs and management complexity while ensuring continuous data availability. Organizations can create data marts on demand to respond to any analytic requirement with all enterprise data — current or historical, detailed or summarized. SAND/DNA’s advanced information management technology compresses data to typically 10 percent of its original size, while giving users the ability to query any attributes of the data without decompressing it first. This next-generation capability is ideal for satisfying enterprise compliance requirements as well as for leveraging valuable information in data warehouses.