Case Study: a tier-one investment bank achieves faster time-to-market and lower TCO with Progress Software's MarkLogic

a tier-one investment bank cuts TCO by 50% with Progress Software

A Tier-One Investment Bank needed to modernize its global research delivery system. Its legacy Oracle and FAST-based platform could not scale to meet client demands for mobile access and real-time alerting, nor allow analysts to efficiently search and reuse content at a component level. These limitations hindered its speed and competitiveness. The bank turned to Progress Software's MarkLogic database for a solution.

Progress Software implemented the MarkLogic database as the foundation for a new equity research authoring and delivery system. This solution provided the needed flexibility and scalability while offering enterprise-grade security. The results included a 50% reduction in total cost of ownership, development cycles shortened from up to a year to just weeks, and regained first-to-publish status. This directly increased revenue and solidified the bank's reputation as a leading research firm.