Case Study: a tier-one investment bank boosts revenue and cuts technology costs with Progress Software MarkLogic

Tier-One Investment Bank cuts TCO by at least 50% with Progress Software

The customer, a tier-one investment bank, faced challenges with agility and innovation, needing to out-compete rivals and bring new products to market quickly. They struggled with constant requirement changes and information updates. To address this, they worked with Progress Software and implemented the MarkLogic database to build an equities research authoring system.

Progress Software's solution provided a flexible and scalable platform that eliminated costly ETL processes. The results included development cycles shrinking from 6-12 months to just 3-4 weeks, a total cost of ownership reduction of at least 50%, and hundreds of thousands of dollars in technology savings. The bank also boosted revenue and cemented its industry leadership position.