ASCL Ascential Software - Common Stock (MM)

Federal Home Loan Bank of Atlanta Counts on Financial Data Using Ascential Software Ascential Enterprise Integration Suite Links Financial Applications with Reporting Systems; Enables Real-Time Reporting of Key Transactions and Sarbanes-Oxley Compliance WESTBORO, Mass., Jan. 24 /PRNewswire-FirstCall/ -- Ascential Software Corporation (NASDAQ:ASCL), the enterprise data integration leader, today announced that the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) has deployed the Ascential Enterprise Integration Suite(TM) to make more accurate, informed operational decisions based on real-time financial data, while adhering to strict regulatory guidelines and mandates. FHLBank Atlanta is using the Ascential Enterprise Integration Suite to quickly profile, cleanse, transform and move transactional data from disparate banking applications throughout the enterprise to critical reporting systems. "We must be confident that financial data is completely accurate and easy to understand in order to provide the best possible value to our customers and member financial institutions," said Marian Lucia, executive vice president and chief information officer, FHLBank Atlanta. "The Ascential Software data integration solution enables us to set a high standard for data quality, for both our internal and external reporting. Whether we are preparing financial reports for our executives or for Sarbanes-Oxley compliance, the solution offers the scalability and ease of use that is at the center of our enterprise-wide initiatives. The data integration solution from Ascential Software is a core element of our IT strategy which supports our business strategy." FHLBank Atlanta, one of 12 banks in the Federal Home Loan Bank System, sought a fast and accurate way to present shared reports of transactional and operational data so methodology and terminology unique to specific operations could be combined and presented in a clear and uniform fashion. FHLBank Atlanta chose an Ascential Software solution to create dynamic reports that reflect a single version of the bank's data. Ascential Software's on-demand data integration solution allows decision-makers at FHLBank Atlanta to quickly process strategic findings in a common language and format. "Premier financial services providers like FHLBank Atlanta recognize the need for a robust IT infrastructure that will give them confidence and a basis for certainty when reviewing financial transaction data," said Thracy Varvoglis, executive director of industry solutions at Ascential Software. "With Ascential Software, FHLBank Atlanta is building the systems that allow rapid data integration. By providing its key decision-makers with timely reports on financial transactions, FHLBank Atlanta is poised to provide great service to its customers while managing risk and compliance matters." The Ascential Enterprise Integration Suite is a comprehensive data integration solution that profiles, cleanses, and transforms data from virtually any application or system regardless of data volume or latency. Ascential Software's integrated offering is designed to help companies streamline operations, improve customer support, expedite business transactions, and make better tactical and strategic decisions on the basis of the best available information. The Suite provides unlimited scalability through parallel processing, complete meta data management, any-to-any data source and application connectivity, and delivers on-demand data integration seamlessly within an enterprise's service-oriented architecture. About the Federal Home Loan Bank of Atlanta FHLBank Atlanta is a $129 billion financial services organization that provides low-cost financing, community development grants, and other banking services to 1,194 financial institutions in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank System, which has contributed more than $2 billion to affordable housing development in the United States. About Ascential Software Ascential Software Corporation (NASDAQ:ASCL) is the leader in enterprise data integration. Customers and partners worldwide use the Ascential Enterprise Integration Suite(TM) to confidently transform data into accurate, reliable and complete business information to improve operational performance and decision-making across every critical business dimension. Our comprehensive end-to-end solutions provide on demand data integration complemented by our professional services, industry expertise, and methodologies. Ascential Software is headquartered in Westboro, Mass., and has more than 3,000 customers and partners globally across such industries as financial services and banking, insurance, healthcare, retail, manufacturing, consumer packaged goods, telecommunications and government. For more information call 1-800-966-9875 (508-366-3888 if calling from outside the US or Canada) or visit the Ascential Software website at http://www.ascential.com/. Media and industry analysts, contact Chas Kielt, director of media and analyst relations, at 1-508-599-7256 or . Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements based on current expectations or beliefs, as well as a number of assumptions about future events, and these statements are subject to important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements in this release address a variety of subjects including, for example, the functionality, characteristics, quality and performance capabilities of Ascential Software's products and technology; results achievable and benefits attainable through deployment of Ascential Software's products and provision of services; the ability of Ascential Software's products to streamline operations, improve customer support, expedite business transactions, and make better tactical and strategic decisions on the basis of the best available information; reduction of cost of ownership; and increased return on IT investment. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the ability of Ascential Software to expand its market share; growth rates for the enterprise data integration software market; general business conditions in the software industry, the technology sector, and in the domestic and international economies; rapid technological change in the markets served by Ascential Software; dependence on international operations; global and geopolitical instability; and difficulties that Ascential Software may experience integrating technologies, operations and personnel of completed or future acquisitions. For a detailed discussion of these and other cautionary statements, please refer to the filings made by Ascential Software with the Securities and Exchange Commission, including, without limitation, the most recent Quarterly Report on Form 10-Q. Ascential Software disclaims any intent or obligation to update any forward-looking statements made herein to reflect any change in Ascential Software's expectations with regard thereto or any change in events, conditions, or circumstances on which such statements are based. Ascential Software is not responsible for statements attributed to third parties within this release or in any materials referenced herein. Ascential and Ascential Enterprise Integration Suite are trademarks of Ascential Software Corporation or its affiliates and may be registered in the United States or other jurisdictions. Other marks are the property of the owners of those marks. DATASOURCE: Ascential Software Corporation CONTACT: Chas Kielt of Ascential Software Corporation, +1-508-599-7256, ; or Kristina LeBlanc of Porter Novelli, +1-617-897-8233, , for Ascential Software Web site: http://www.ascential.com/

Copyright