SAN FRANCISCO, Jan. 15, 2013 /PRNewswire/ -- Jaspersoft, the intelligence inside applications and business processes, today announced that ReadQ, a leading fixed-income financial trading technology and service provider, has adopted Jaspersoft's cloud-based JasperReports offering to support its QTIX trading system. Running through Servoy's larger private cloud, Platform-as-a-Service (PaaS) offering, Jaspersoft is able to provide ReadQ faster client on-boarding and report deployment.

Previously, ReadQ used an on-premises business intelligence tool from SAP's Business Objects for its reporting needs – but ultimately found that it became overly expensive and complex as they scaled up their operations. In its place, the company implemented Servoy's cloud-based platform – which uses Jaspersoft's reporting software. The new offering has enabled ReadQ to deliver a considerably faster reporting solution for its QTIX platform, which includes over 400 different reports – and has allowed them to on-board clients in minutes, as opposed to weeks.

"Jaspersoft has made the reporting process incredibly natural and scalable for us," said Anthony Vitriano, ReadQ CIO. "It's made a huge difference in our ability to deliver business-critical reports to clients in the timeframe they require. Its cloud-based nature allows on-demand access to critical information via a more user-friendly reporting interface, which really streamlines the entire process for our clients."

"Via our partnership with Servoy, we've been able to significantly improve reporting capabilities for ReadQ," said Karl Van den Bergh, Jaspersoft Vice President, Product and Alliances. "It's a testament to our approach of providing a standards-based, open source platform that allows ISVs to develop applications with a single code base for mobile, desktops and browsers alike. The demand for reporting tools only looks to increase in the coming years, and we believe this will be a compelling option for companies large and small."

Read the Full ReadQ Case Study

Interested individuals can read the full case study here for more detail on how ReadQ was able to improve their financial reports via Jaspersoft's cloud-based offering.

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About Jaspersoft

Jaspersoft empowers millions of people every day to make decisions faster by bringing them timely, actionable data inside their apps and business processes. Its embeddable, cost-effective reporting and analytics platform allows anyone to quickly self serve and get the answers they need and scales architecturally and economically to reach everyone. Thanks to a community that is hundreds-of-thousands strong, Jaspersoft's commercial open source software has been downloaded millions of times and is used to create the intelligence inside hundreds of thousands of apps and business processes. Jaspersoft is a privately held company with offices around the world. For more information visit http://www.jaspersoft.com and http://community.jaspersoft.com

Media Contact:    
Matt Coolidge    
LEWIS PR for Jaspersoft    
matt.coolidge@lewispr.com    
+1 415 432 2445

SOURCE Jaspersoft