IQNavigator Inc. Invests in Oracle® Exadata Database Machine to Power Next-Generation of Its Services Procurement and Extended Workforce Solutions
Oracle Exadata Key to IQNavigator’s Strategy to Scale and Speed its Software-as-a-Service Platform
Redwood Shores, Calif. - March 28, 2011
IQNavigator, a leading provider of services procurement and extended workforce solutions, has invested in Oracle® Exadata Database Machine X2-2 to power its core online transaction processing (OLTP) and real-time reporting services.
The company’s selection of Oracle Exadata Database Machine is expected to:
Improve system throughput at the database and storage tiers;
Increase the performance of complex queries by an average of 10x without tuning;
Support its real-time reporting capabilities directly from its transactional system; and,
Scale its system horizontally over time as required.
Oracle Exadata to Speed Performance of OLTP and Real-Time Reporting Services
Founded in 1999, IQNavigator helps Global 2000 companies in the financial services, high tech, manufacturing, retail and many other industries, manage their extended workforce and services procurement processes via their multi-tenant application delivered as Software-as-a-Service (SaaS). The IQNavigator application manages close to $10 billion in client spend annually.
Since 1999, the IQNavigator solution has leveraged both Oracle’s technologies and applications, and IQNavigator is a Gold level member of Oracle PartnerNetwork (OPN).
The IQNavigator application incorporates procurement, financial and human resources (HR) capabilities to help clients manage and control costs to achieve savings in the bid process as well as meet a myriad of compliance and visibility requirements.
The application also features 24/7 real-time reporting with clients running thousands of on-demand and scheduled reports daily.
IQNavigator purchased two quarter-rack Oracle Exadata Database Machine X2-2 systems which they expect to have in test and production environments in July 2011.
“As the IQNavigator service and data products continue to grow exponentially, the performance delivered by Oracle Exadata Database Machine X2-2 is key to supporting the always-on, real-time reporting environment that clients rely on around the world,” said John F. Martin, chief operating officer, IQNavigator Inc. “Our decade-long relationship with Oracle and our market-leading product investment and innovation continue to drive advances in our client ownership experience and the end-user experience.”
“As a successful SaaS provider built on Oracle technologies, IQNavigator’s adoption of the Oracle Exadata Database Machine demonstrates their commitment to ongoing performance and scalability for their clients,” said Tim Shetler, vice president of Product Management, Oracle. “The Oracle Exadata Database Machine was our recommendation when IQNavigator shared their growth plans, and extends IQNavigator’s long-standing commitment to Oracle technologies.”
The Oracle Exadata Database Machine is the only database machine that provides extreme performance for both data warehousing and online transaction processing (OLTP) applications, making it the ideal platform for consolidating onto grids or private clouds. It is a complete package of servers, storage, networking, and software that is massively scalable, secure, and redundant. With Oracle Exadata Database Machine, customers can reduce IT costs through consolidation, manage more data on multiple compression tiers, improve performance of all applications, and make better business decisions in real time.
IQNavigator provides software and services that help the world’s best companies manage their extended workforce and procured services in a smarter way — putting the emphasis on “IQ” by giving companies powerful insight into and control over the way they source services and utilize their extensive non-employee workforce. For more than a decade, IQNavigator has been an innovator and market leader in providing the software solutions and managed services that address issues inherent with services procurement and extended workforce management, turning those challenges into opportunities for companies to become more nimble, reduce risk and save millions of dollars. For more information about IQNavigator and how its industry-leading offerings such as IQNtelligence are helping many of the world’s most respected companies, visit www.IQNavigator.com.
Oracle (NASDAQ: ORCL) is the world's most complete, open, and integrated business software and hardware systems company. For more information about Oracle, please visit our Web site at http://www.oracle.com.
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.