Contact Information: Press Contacts Kathleen Moran Information Builders (917) 339-6313 Karyn Martin Emerge PR (617) 729-3173
Free Foreclosure Trends Active Report Offered by Information Builders and RealtyTrac
Company Continues Innovation With Development of WebFOCUS U.S. Foreclosure Trends Active Report Leveraging RealtyTrac March Foreclosure Data
| Source: Information Builders
NEW YORK, NY--(Marketwire - April 21, 2008) - Information Builders, the independent leader
in production business intelligence (BI) systems, in
conjunction with RealtyTrac® (www.realtytrac.com), the leading online
marketplace for foreclosure properties, today announced the free
availability of the first
WebFOCUS U.S. Foreclosure Trends Active Report. Directly or indirectly,
everyone is affected by the current mortgage crisis, and most are looking
to gain insight on where the market is headed. The WebFOCUS U.S.
Foreclosure Trends Active Report is the only one of its kind available
today that allows users to analyze, drill down and assess foreclosure rates
across the country over specific periods of time.
Leveraging data from RealtyTrac's March 2008 U.S. Foreclosure Market
Report™, that shows foreclosure filings -- default notices, auction sale
notices and bank repossessions -- increased 5 percent from the previous
month and 57 percent from March 2007, Information Builders developed the
WebFOCUS U.S. Foreclosure Trends Active Report to provide a more portable,
interactive and visual way to analyze the information. The report is free
and does not require users to install any software on their PC to analyze
the complex data. When the report is displayed in a browser all of the
functionality to calculate, resort, visualize, graph, create roll up tables
from the data is automatically present. Anyone can do analysis on the fly,
write comments on any cell and send to someone -- whether that person
accesses reports from their Smartphone or desktop e-mail. Report features
simplify the work that users need to complete by providing immediate
insight into the data.
"Information Builders active reporting technology is clearly a valuable
tool for helping to more conveniently analyze and understand the
foreclosure reports RealtyTrac issues," said Rick Sharga, vice president of
marketing, RealtyTrac. "In just a few seconds with a few simple clicks,
anyone can use this WebFOCUS Active Report to find out stats like which
state has the highest foreclosure rate or which areas seem to have the best
value for the dollar. In addition, the WebFOCUS Active Report cleanly
displays data from RealtyTrac's historical foreclosure reports so that
users can see trends over time."
"We are committed to leading the industry in innovation and we saw an
opportunity to do so with support for foreclosure data," said Rado Kotorov,
technical director of strategic product management, Information Builders.
"The WebFOCUS U.S. Foreclosure Trends Active Report provides people in a
time of mortgage market crisis with a way to close the timing gap between
data acquisition and data comprehension."
In the future, Information Builders plans to work with RealtyTrac to
continue to develop and distribute monthly the WebFOCUS U.S. Foreclosure
Trends Active Report so that RealtyTrac can provide these and other custom
reports to millions of monthly visitors to its Website.
About Information Builders
Information Builders award-winning combination of business intelligence and
enterprise integration software has been providing innovative solutions to
more than 12,000 customers for the past 30 years. WebFOCUS is the world's
most widely utilized business intelligence platform. It provides the
security, scalability, and flexibility needed at every level of global
extended enterprises. Its simplicity helps create executive, analytical,
and operational applications that reach dozens to millions of users.
Information Builders iWay Software suite provides state-of-the-art,
multi-purpose, pre-built integration components that address all SOA, application, data, and information management
requirements. Its integration adapters have been adopted by the leading
software platform providers. Together, these products give Information
Builders customers the ability to live up to the company motto: "Your
Business. No Barriers."
Information Builders award-winning technology has successfully provided
quality software and superior services to more than 12,000 customers,
including most of the Fortune 100 and U.S. federal government agencies.
Headquartered in New York City with 90 offices worldwide, the company
employs 1,450 people and has more than 350 business partners. For more
information visit http://www.informationbuilders.com.
About RealtyTrac Inc.
Ranked as the third largest real estate site by MediaMetrix and No. 53 on
Inc. magazine's 2006 Inc. 500 list of the nation's fastest-growing private
companies, RealtyTrac Inc.
(www.realtytrac.com), is the leading online marketplace for foreclosure
properties, providing all the resources that home seekers, investors and
real estate agents need to locate, evaluate and buy properties below market
value.
Founded in 1996, RealtyTrac publishes the largest and most comprehensive
national database of pre-foreclosure, foreclosure, For Sale By Owner,
resale and new homes, with more than 1 million properties across the
country, property reports, productivity tools and extensive professional
resources. RealtyTrac hosts nearly 3 million unique visitors monthly and
has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real
Estate and The Wall Street Journal's Real Estate Journal.