Panopticon Software

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Panopticon Software
Type Private
Industry Computer software
Founded Stockholm, Sweden (1999)
Founder(s) Willem De Geer, Markus Skyttner, Ludvig Sandman, Sam Giertz
Headquarters Stockholm, Sweden
Number of locations 6 (Stockholm, London, New York, Boston, San Francisco, Chicago)
Area served North America, Europe, Japan
Products Panopticon EX Enterprise Application, Panopticon Developer SDK for Java, .NET & Microsoft WPF, Panopticon Rapid Development Kit (RDK)
Employees 28
Website Panopticon.com

Panopticon Software is a multi-national Data Visualization software company specializing in monitoring and analysis of real-time data. The firm is headquartered in Stockholm, Sweden, with additional offices in New York City, London, Boston, San Francisco, and Chicago. It is partnered with several large systems integrators and infrastructure software companies, including Sybase and Thomson Reuters. The company's name is derived from the Greek: 'pan' for all, 'optic' for sight.

Panopticon Software is a key player in the data visualization sector along with for example Qliktech, Tableau Software and Spotfire.[1] Its Swedish origins are shared with GapMinder, Qliktech and Spotfire, making Sweden a centre for Information Visualization research and development.

It has historically specialised in selling Treemapping and Heatmap visualisation software and development tools to clients within the financial services and telecommunications industries. It uses a variety of other visual analysis tools in its products, including Scatter Plots, Dot Plots, Pie Charts, Line Graphs, and Bullet Graph visualizations. The company's products are sometimes deployed as Executive Dashboards that allow managers to interact, explore, monitor and analyze rapidly-changing and/or large data sets. Panopticon tools are also often embedded in other enterprise applications using the company's SDK which is available for Java, Microsoft .NET and the Windows Presentation Foundation. The Panopticon products are optimized for use with real-time data message buses, CEP engines, relational databases, and [Column-oriented DBMS|column-oriented databases]].[2][3] and is a regular exhibitor at financial industry events such as SIFMA, and SIA.[4][5][6]

Contents

[edit] History

The company was founded in 1999 as a wholly owned subsidiary of the Emerging Markets brokerage named Brunswick Direct before being spun off as a separate entity in 2002.[7] It later was acquired by the UK based Hamsard Group (Hamsard is now known as Cantono Plc), and became a subsidiary of the Group. [8] In March 2007 its competitor Spotfire undertook negotiations with Hamsard Group, to take full owership of Panopticon.[9] This potential deal was not completed,[10] Spotfire pulling out of negotiations, and itself subsequently being purchased by Tibco.[11] In May 2007 the company was sold back to its founders as part of a management buyout.[12]

In December 2007 the company elected a new board, including Carl Palmstierna, a former partner with Goldman Sachs and John Wattin, previously Chairman of MySQL AB.[13]

In December 2007, the company appointed Peter Simpson as Senior Vice President of Research and Development. Peter had previously held senior positions with Instant Information and HSBC.[14]

In May 2009, the company appointed Chris Elsmore as SVP Partners and Channels Worldwide. Chris had previously been in charge of SAP/Business Object's partner program.[15]

In September 2010, Michael LeLion joined Panopticon as SVP International Sales. Michael had previously help positions with Platinum Technology, Fujitsu ICL, Comshare (now part of Geac), and Datamonitor. [16]

In May 2011, the company announced that Thomson Reuters is embedding Panopticon visualizations into its Quant trader platform to allow traders and quantitative researchers to analyze and monitor any real-time or historical data series available via Thomson Reuters Velocity Analytics. [17]

In February 2012, the company announced the release of a real-time data connector for Oracle CEP; this will allow Oracle customers to utilize Panopticon’s interactive dashboards as the user interface for their CEP-enabled analytical solutions. [18]

[edit] Pre-attentive processing

The visualizations that Panopticon offers within its products attempt to utilize the human capacity for Visual Search and Pre-Attentive Processing to enhance comprehension of large multi-element datasets in less than 250 milliseconds.[19]

Pre-Attentive Processing is a term from the area of human cognitive psychology and refers to the ability of the low-level human visual system to rapidly identify certain basic visual properties. Examples of visual features that can be detected in this way include hue, intensity, enclosure, orientation, size, and motion.[20][21]

[edit] Technology overview

Panopticon's technology relies on in-memory OLAP cubes which are displayed through a series of visualizations including treemaps. This allows the user to load data, select variables and hierarchical structures, and navigate through the resultant visualization, filtering, zooming and drilling (sometimes called slicing and dicing), to identify outliers, correlations and trends.

Its streaming OLAP implementation takes an in-memory OLAP cube and allows data to be streamed through it. This combination makes the company's products attractive to industry verticals that require live streaming data, such as financial market data utility grid monitoring and telecommunications network traffic analysis. This is very different than the vast majority of OLAP implementations in which cubes are rebuilt periodically for new batches of data.[22][23]

This support for streaming data with its products has allowed financial institutions such as JPMorgan Chase,[24] Citigroup,[25] and Fortis (finance)[26] to implement the Panopticon Products within their real-time trading and risk applications. Euromoney has stated that it provides the trader community with a way of quickly digesting information.[27]

[edit] Product overview

Panopticon has three platform independent product lines: Its EX enterprise application, its SDKs in Java language, .NET Framework and Microsoft Windows Presentation Foundation, and a Rapid Development Kit that combines features of the enterprise application and the SDK.

  • Panopticon Developer .NET, WPF and Java.
  • Panopticon Rapid Development Kit

All products support a number of different data visualizations including:

[edit] Awards

Its technology when adopted by financial institutions has led to recognition from financial industry periodicals such as:

[edit] Joint ventures and strategic alliances

In February 2012, the company announced the release of a real-time data connector for Oracle CEP; this will allow Oracle customers to utilize Panopticon’s interactive dashboards as the user interface for their CEP-enabled analytical solutions. [45]

In February 2012, the company announced that HotButton, a Canadian firm offering a variety of data collection and aggregation technologies targeted at the needs of oil and gas producers, is incorporating Panopticon data visualizations into the HotButton HotLeap EASY and HotLeap PRO products used by major energy producers and utilities. [46]

In November 2011, Sky Road ASP, a provider of innovative cloud-based solutions to the financial services industry, will integrate Panopticon visualizations into its systems to allow traders and managers to view intraday P&L, exposures and other key parameters using interactive analytical dashboards. [47]

In October 2011, the company announced a strategic relationship with OneMarketData to incorporate Panopticon's real-time data visualizations to OneMarketData's OneTick CEP and database system in order to offer a single solution for tick data management, analytics and complex event processing (CEP). [48]

In June 2011, Portware announced that it will addd Panopticon data visualization technology to Portware's suite of global, multi-asset trading systems. [49]

In June 2011, Callidus Software Inc, Sales Performance Management (SPM) company, launched its Sales Performance Visualizer solution that incorporates Panopticon visualization tools. [50]

In May 2011, Imagine Software, a developer of software for hedge funds, asset management firms, pension funds, investment banks, prime brokers, market-makers, and sovereign wealth funds, integrated Panopticon visualizations into its portfolio and risk management system [51]

In May 2011, the company announced that Thomson Reuters is embedding Panopticon visualizations into its Quant trader platform to allow traders and quantitative researchers to analyze and monitor any real-time or historical data series available via Thomson Reuters Velocity Analytics. [52]

In November 2010, the company signed an agreeement with Sybase, an SAP company that allows Sybase to Panopticon's enterprise application with other Sybase products including Sybase IQ, Sybase RAP the Trading Edition, the Sybase ESP CEP engine, and Sybase ASE.[53]

In November 2010, GoldenSource announced that it will incorporate Panopticon's data visualization tools into their systems in order to offer clients a more user-friendly front end. [54]

In February 2008, Tbricks, an algo trading software developer, announced the launch of Tbricks Genesis for automated trading of any electronically traded asset class. This system incorporates Panopticon Treemaps and other data visualizations as primary components in the user interface. [55]

In January 2008, Advent Software signed an OEM agreement with Panopticon that allows Advent to develop a new visualization module based on Panopticon's technology for integration into Geneva®, Advent's award-winning global investment management and accounting solution. [56]

In May 2006, the company announced a strategic partnership with Deltek, an enterprise project management solution provider. Deltek provides enterprise management solutions to more than 11,000 project-focused customers in the United States, enabling them to maximise profitability and productivity. [57]

In May 2006, Polystar, a developer of telecoms network monitoring software, announced it had become an OEM for Panopticon data visualization technology. [58]

In addition to Sybase and Thomson Reuters, its reseller partners include Bishopsgate Financial,[59] EmblocSoft,[60] C O M E Computer Systeme GmbH,[61] and Technologies & Finance.[62]

[edit] External links

[edit] References

  1. ^ Oracle targets CFOs with Hyperion acquisition, http://www.it-analysis.com/business/content.php?cid=9318 
  2. ^ Treemaps for space-constrained visualization of hierarchies, http://www.cs.umd.edu/hcil/treemap-history/ 
  3. ^ Survey of treemap techniques, http://www.cse.ohio-state.edu/~kerwin/treemap-survey.html 
  4. ^ SIFMA's Technology Management Conference 2008, http://events.sifma.org/conf_vendors/vendorLookup.aspx?CID=107&VENDORID=330 
  5. ^ 2007 Technology Management Conference and Exhibit, http://events.sifma.org/conferencevendors/vendorLookup.aspx?CID=07TMC&VENDORID=7056 
  6. ^ Panopticon Enterprise .Net To be launched at SIA New York, http://www.bobsguide.com/guide/news/2005/Jun/20/Panopticon_Enterprise_.Net_To_be_launched_at_SIA_New_York.html 
  7. ^ About Panopticon, http://www.panopticon.com/company/ 
  8. ^ AIM float to raise £3m for Hamsard, Computerweekly.com, http://www.computerweekly.com/Articles/2005/05/18/210041/aim-float-to-raise-3m-for-hamsard.htm 
  9. ^ Cantono PLC (CTNO) - Proposed disposal, EGM notice, http://www.investegate.co.uk/Article.aspx?id=200703071415035170S 
  10. ^ Cantono PLC (CTNO) - - Debt for Equity Conv and EGM, http://www.investegate.co.uk/Article.aspx?id=200704120801527352U 
  11. ^ TIBCO and Spotfire, http://www.tibco.com/company/spotfire/default.jsp [dead link]
  12. ^ Final Results CANTONO PLC, http://www.advfn.com/news_Final-Results_23551865.html 
  13. ^ Carl Palmstierna and John Wattin elected to new Panopticon board of directors, http://www.bobsguide.com/cgi-bin/guide/newsExtras.pl?ID=bg&action=print&seq=23011 
  14. ^ Panopticon Software Management Team, http://www.panopticon.com/company/management.htm 
  15. ^ Business Intelligence Expert Chris Elsmore joins Panopticon, http://www.bobsguide.com/guide/news/2009/May/6/Business_Intelligence_Expert_Chris_Elsmore_joins_Panopticon.html 
  16. ^ Panopticon hires Michael Le Lion, http://www.finextra.com/news/announcement.aspx?pressreleaseid=35556 
  17. ^ Reuters & Panopticon embed data visualization technology into quant trading platform, http://www.automatedtrader.net/headlines/77071/reuters-amp-panopticon-embed-data-visualization-technology-into-quant-trading-platform 
  18. ^ Panopticon Provides Enhanced Front End For CEP In Financial Services - Panopticon Delivers A High-Performance Connector For The Oracle CEP, Providing Financial Services Customers With World Class Visualizations And Analysis Of CEP Data, http://www.hftreview.com/pg/newsfeeds/hftreview/item/36283/panopticon-provides-enhanced-front-end-for-cep-in-financial-services-panopticon-delivers-a-highperformance-connector-for-the-oracle-cep-providing-financial-services-customers-with-world-class-visualizations-and-analysis-of-cep-data 
  19. ^ Panopticon: The Power of Pre-Attentive Processing, http://www.panopticon.com/products/data_visualization_visual_data_analytics_software_tools.htm 
  20. ^ Perception in Visualization by Christopher G. Healey, Department of Computer Science, North Carolina State University, http://www.csc.ncsu.edu/faculty/healey/PP/index.html 
  21. ^ Wolfe, J. M; Treisman, A.; Horowitz, T. S (2010), "What shall we do with the preattentive processing stage: Use it or lose it?, by Jeremy M Wolfe of Harvard Medical School & Brigham and Women's Hospital, Anne Treisman of Princeton University, Todd S Horowitz of Harvard Medical School & Brigham and Women's Hospital", Journal of Vision (Journal of Vision) 3 (9): 572, doi:10.1167/3.9.572, http://journalofvision.org/3/9/572/ 
  22. ^ Be Your Own Rocket Scientist, BusinessWeek, http://www.businessweek.com/investor/content/jun2006/pi20060608_043514.htm 
  23. ^ Magma Systems Blog, http://magmasystems.blogspot.com/2007_12_01_archive.html 
  24. ^ JPMorgan and Windows Customers Sway Visualization Vendor Toward .NET, http://www.windowsfs.com/special-features/jpmorgan-and-windows-customers-sway-visualization-vendor-toward-net 
  25. ^ Citi Mulls Wider Use of Imaging App, http://db.riskwaters.com/public/showPage.html?validate=0&page=dwt_login&url=%2Fpublic%2FshowPage.html%3Fpage%3D428584 [dead link]
  26. ^ Analyze This, http://www.watersonline.com/public/showPage.html?page=788666 
  27. ^ Panopticon Closes Deal with Reuters, http://www.euromoney.com/Article/1000597/Category/16/ChannelPage/8959/Panopticon-closes-deals-with-Reuters.html 
  28. ^ Panopticon Releases New Real Time Connection– Supports fast connections to streaming data from Sonic MQ and Reuters, http://www.bobsguide.com/guide/news/2007/Jun/19/Panopticon_Releases_New_Real_Time_Connection%e2%80%93_Supports_fast_connections_to_streaming_data_from_Sonic_MQ_and_Reuters_%e2%80%93.html 
  29. ^ Panopticon EX Data Visualization Software For Rapid Deployment, InformationWeek, http://www.informationweek.com/whitepaper/Business-Intelligence/Dashboards/panopticon-ex-data-visualization-software-for-rap-wp1248907260998;jsessionid=S2JGN1AASQ1RDQE1GHOSKH4ATMY32JVN 
  30. ^ New Releases of Panopticon Data Visualization Software Support Fast Data Analysis and Short Implementation Cycles, http://www.a-teamgroup.com/article/new-releases-of-panopticon-data-visualization-softwaresupport-fast-data-analysis-and-short-implementation-cycles/ 
  31. ^ Designing and Publishing Information Dashboards with Panopticon EX, http://www.banktech.com/whitepaper/Customer-Insight-Business-Intelligence/Analytics/designing-and-publishing-information-dashboards-w-wp1248391518672;jsessionid=YDDYVWU1JN0TNQE1GHPCKH4ATMY32JVN 
  32. ^ Panopticon Releases World's First Visual Data Analytics SDK for Microsoft WPF Environments, http://www.bobsguide.com/guide/news/2009/Dec/1/Panopticon_Releases_World's_First_Visual_Data_Analytics_SDK_for_Microsoft_WPF_Environments.html 
  33. ^ Treemap Data Visualizations make it Easy to Spot Anomalies & Outliers, http://www.panopticon.com/products/treemap_tree_mapping_visual_data_analysis_data_visualization.htm 
  34. ^ Heat Map Data Visualizations Make it Easy to Analyze Large Databases, http://www.panopticon.com/products/heatmap_heatmaps_heatmapping_heat_map_data_visualization.htm 
  35. ^ Heat Matrix Data Visualizations Help You Analyze Trends and See Correlations, http://www.panopticon.com/products/heat_matrix_data_visualization.htm 
  36. ^ See how components contribute to totals with Stack Graphs, http://www.panopticon.com/products/stack_graph_visual_data_analytics_tool.htm 
  37. ^ Visualize and compare Trends with Bar Graphs, http://www.panopticon.com/products/bar_graph_bar_chart_information_visualization_software.htm 
  38. ^ Visualize Multiple Datasets and Compare Trends with Horizon Graphs, http://www.panopticon.com/products/horizon_graph_visual_data_analysis_software.htm 
  39. ^ Find Outliers Easily with Scatter Plots, http://www.panopticon.com/products/scatter_plot_data_visualization_software.htm 
  40. ^ Visualize Change Over Time Using Line Graphs, http://www.panopticon.com/products/line_graph_data_visualization.htm 
  41. ^ The Dot Plot is an effective alternative to the Bar Graph data visualization in cases where the data contains groupings with similar values, http://www.panopticon.com/products/dot_plot_bubble_chart_dotplot_data_visualization.htm 
  42. ^ Bullet Graphs were developed by information visualization expert Stephen Few to replace speedometers and gauges in executive BI Dashboards, http://www.panopticon.com/products/bullet_graph_bullet_chart_data_visualization_software.htm 
  43. ^ Panopticon’s Visual Business Intelligence wins The Banker awards, http://www.bobsguide.com/guide/news/2006/Jun/16/Panopticon%e2%80%99s_Visual_Business_Intelligence_wins_The_Banker_awards.html 
  44. ^ Award Winning Implementations, http://www.panopticon.com/company/awards.htm 
  45. ^ Panopticon Provides Enhanced Front End For CEP In Financial Services - Panopticon Delivers A High-Performance Connector For The Oracle CEP, Providing Financial Services Customers With World Class Visualizations And Analysis Of CEP Data, http://www.hftreview.com/pg/newsfeeds/hftreview/item/36283/panopticon-provides-enhanced-front-end-for-cep-in-financial-services-panopticon-delivers-a-highperformance-connector-for-the-oracle-cep-providing-financial-services-customers-with-world-class-visualizations-and-analysis-of-cep-data 
  46. ^ HotButton Selects Panopticon for Visual Analysis of Oil and Gas Production and Compliance Data, http://www.bobsguide.com/guide/news/2012/Feb/29/hotbutton-selects-panopticon-for-visual-analysis-of-oil-and-gas-production-and-compliance-data.html 
  47. ^ Sky Road Employs Panopticon Visualisation Tools to Spot Trading Risks, http://www.a-teamgroup.com/article/sky-road-employs-panopticon-visualisation-tools-to-spot-trading-risks/ 
  48. ^ Panopticon and OneMarketData form partnership, http://www.finextra.com/news/announcement.aspx?pressreleaseid=41601 
  49. ^ Portware Enters into Strategic Partnership with Panopticon for Data Visualization Solution, http://www.a-teamgroup.com/article/portware-enters-into-strategic-partnership-with-panopticon-for-data-visualization-solution/ 
  50. ^ Callidus Software Unveils New SPM Solution Using Panopticon Data Visualization Tools, http://financial.tmcnet.com//topics/expense-management/articles/183771-callidus-software-unveils-new-spm-solution-using-panopticon.htm 
  51. ^ Imagine Software Leverages Panopticon Data Visualizations for its Real-Time Portfolio and Risk Management System - Imagine employs the Panopticon Developer SDK to tightly integrate analytical dashboards into its portfolio and risk management system, http://www.mondovisione.com/media-and-resources/news/imagine-software-leverages-panopticon-data-visualizations-for-its-real-time-port/ 
  52. ^ Reuters & Panopticon embed data visualization technology into quant trading platform, http://www.automatedtrader.net/headlines/77071/reuters-amp-panopticon-embed-data-visualization-technology-into-quant-trading-platform 
  53. ^ Panopticon Signs Reseller Agreement with Sybase announces Sales Promotion Sep 11, http://french.digitalslife.com/panopticon-signs-reseller-agreement-with-sybase-announces-sales-promotion/ 
  54. ^ Panopticon Partners with GoldenSource to Extend Scope of Data Visualization for the Securities and Investment Management Industry, http://www.thegoldensource.com/whitepapers/press-releases/2010-press-releases/329-panopticon-panopticon-partners-with-goldensource-to-extend-scope-of-data-visualization-for-the-securities-and-investment-management-industry- 
  55. ^ Tbricks Launches Next Dimension Automated Trading System, http://www.fixprotocol.org/discuss/read/6ae96931 
  56. ^ Advent Software Signs OEM Agreement with Panopticon, http://www.bobsguide.com/guide/news/2008/Jan/29/advent-software-signs-oem-agreement-with-panopticon.html 
  57. ^ Deltek and Panopticon Forge Partnership, http://www.bobsguide.com/guide/news/2006/May/9/deltek-and-panopticon-forge-partnership.html 
  58. ^ Panopticon partners with Polystar to bring Visualisation to the Telecoms Market, http://www.sourcewire.com/releases/rel_display.php?relid=25421 
  59. ^ Bishopsgate Financial Announces Partnership with Panopticon, http://www.securitiesindustry.com/news/-25333-1.html 
  60. ^ On-Going Expansion of Reseller Network Makes Panopticon Data Visualization Software Available to Customers in Russia, Brazil, Sweden and China, http://www.bobsguide.com/guide/news/2009/Nov/17/On-Going_Expansion_of_Reseller_Network_Makes_Panopticon_Data_Visualization_Software_Available_to_Customers_in_Russia,_Brazil,_Sweden_and_China.html 
  61. ^ Panopticon Software and c o m e Computer Systeme GmbH Partner, http://www.b-eye-network.com/view/9532 
  62. ^ Panopticon Appoints Technologies + Finance as New Partner for Treemap and Heatmap Data Visualization Software, http://www.panopticon.com/news/pr_techfin_appointed_panopticon_reseller_23oct08.htm 
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