PwC and ThetaRay Sign Joint Business Relationship to Help Companies Minimize Critical Risks
TEL AVIV, Israel, December 2, 2015 /PRNewswire/
PwC, a global leader in providing advisory services, and ThetaRay, a leading provider of big data analytics solutions, today announced the signing of a Global Joint Business Relationship Agreement. Through the partnership, PwC is introducing ThetaRay's technology into its advanced Data Analytics services. This marks PwC's first Global JBR with an Israeli company in this field.
Smart companies are adopting new approaches to turning data insights into tangible results. From strategy to execution to results, PwC's Business Analytics delivers 'intelligence in the moment'. By merging PwC's business expertise and data analytics capabilities with ThetaRay's big data anomaly detection suite, PwC's new services will help companies to solve important problems. ThetaRay's transformational data analysis identifies anomalies in the data set with unrivaled precision and complements existing tools and methodologies used by PwC's experts.
"Many of our clients struggle with how to leverage their big data without becoming overwhelmed," said Yaron Blachman, Technology & Forensics Consulting Leader, PwC Israel. "Using ThetaRay's technology, we can help businesses utilize existing big data to discover opportunities, mitigate risks and increase revenues and profitability."
The business relationship came together following a successful collaboration involving a PwC financial institution client. PwC experts utilized ThetaRay's solution to analyze hundreds of millions of the company's records, with high detection rates and low false positives, ultimately identifying threats with high financial impact.
"It is very gratifying for us to have our technology validated by one of the financial industry's leading global service providers such as PwC," said Mark Gazit, CEO of ThetaRay. "We are confident that the newly signed Global Joint Business Relationship Agreement will help PwC's clients take full advantage of their business data and become more effective, productive and innovative."
At PwC, our purpose is to build trust in society and solve important problems. We're a network of firms in 157 countries with more than 208,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at https://www.pwc.com
ThetaRay is a leading provider of big data analytics solutions that detect threats and discover opportunities. The company's platform analyzes massive amounts of data for advanced cyber security, financial risk detection and operational efficiency, protecting financial services sectors and critical infrastructure against unknown threats. ThetaRay's core technology is based on state of the art algorithms, which power its proprietary Hyper-Dimensional, Multi-Domain Big Data Analytics platform. Organizations whose operations rely on highly heterogeneous and complex environments leverage ThetaRay's unmatched detection and low false positive rates as a see-all power that enables them to unify detection and uncover the unknown.
Mark Prindle; +1-646-475-8446; [email protected]