Company Continues Innovation with Development of WebFOCUS U.S. Foreclosure Trends Active Report Leveraging RealtyTrac March Foreclosure Data
New York, NY 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(TM), 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,² 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
"We are committed to leading the industry in innovation and we saw an
opportunity to do so with support for foreclosure data,² 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.²
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.²
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 comprehensivenational 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 andThe Wall Street Journal's Real Estate Journal.