Sunnyvale, July 18, 2012 (GLOBE NEWSWIRE) -- Lyticas Inc, a Silicon Valley-based software company that builds solutions for distributed data analysis, data mining and visualization, today unveiled Lyticas Prism, an App for Financial Analytics. Lyticas Prism is based on Lyticas Analytics Platform (LytAP), a financial analytics suite designed specifically for investors, analysts, accountants and regulators to analyze and benchmark performance of SEC listed companies.

Built on open source large data processing platform 'Hadoop' and exploiting the strengths of 'HBase' database and Hadoop Distributed File Systems (HDFS) architecture, Lyticas Prism's HTML5 based User Interfaces can be run on virtually any smart tablet (such as iPad or any Android based tablets), smart phones using iOS or Android Operating System or simply on traditional Apple or other computers. This highly scalable solution is cloud based and runs on Amazon Elastic Compute Cloud (EC2).

"Lyticas Prism is a unique, amazingly intuitive yet powerful financial analytics app," said Ari Mitra, co-founder and CEO of Lyticas Inc. He added, "Lyticas Prism is the next generation of financial analytics that can leverage XBRL data effortlessly and seamlessly.  Turning data into business intelligence is at the core of our company and is what Lyticas Inc. stands for."

Lyticas Analytics Platform contains five core modules that are seamlessly integrated within the Lyticas Prism App:

  • Cross Platform User Interface - an independent reusable user interface for data analysis & visualization that runs via a web browser, fully accessible on desktops and tablets
  • Computation Engine - an integrated  framework for distributed processing of XML data
  • Data Interaction - a user interface framework that supports tactile data interaction on a tablet
  • Data Feeds - a framework for feeding SEC data
  • Data Mining - a framework for data mining of XML data in big data volumes

Lyticas Prism is a result of collaboration between Lyticas Inc. and Apurba Technologies Inc., a Santa Clara, CA based Software Company that develops cutting-edge financial software solutions.

"With Lyticas Prism, not only that we have  now  moved beyond XBRL reporting, we have moved into large scale financial data analysis and visualization targeted at the latest browsing devices with varying form factors," said Mohammad Almamun, VP of business development for Apurba Technologies Inc.

To learn more about Lyticas Inc, please visit http://www.lyticas.com. For more information on Lyticas Prism Online Financial Analytics, please visit http://www.lyticas.com/tour.html

About Lyticas Inc.

Lyticas Inc. is a start up company specialising in data mining and data visualisation solutions. Based in Sunnyvale, California, Lyticas Inc. was founded by a team of experienced professionals with backgrounds in Enterprise Architecture, financial services and software development in the areas of Finance, Legal, Government and Biotechnology. For more information, please visit http://www.lyticas.com.

About Apurba Technologies Inc.

Apurba Technologies Inc. is a Silicon Valley based software development company that creates software with simple, intuitive user interfaces based on cutting-edge technologies. The company's cloud-based software solutions are primarily developed using open source technologies that are platform-agnostic. For more information, please visit http://www.apurbatech.com.

 

Ari Mitra
Lyticas Inc.
+1 408-912-2810