Students in the Engineering and Commerce Schools now will have access to a large database of information on banks, thrifts, insurance companies and real estate investment trusts, thanks to a gift from Charlottesville-based SNL Securities.
SNL Securities is a local high-tech research and publishing company, which specializes in the financial industry. SNL is giving the University three years of access to its online database, a gift that is valued at more than $1 million.
The "Data Source" program will be used as a teaching and research tool, and will be hooked up to the Engineering and Commerce computer labs.
Students will be able to take advantage of the same database information that is used by investors and financial analysts - providing them with the most current information on real estate trusts, banks, insurance companies and thrifts.
"Data Source is an important source of information for both faculty and students," Commerce School Dean Carl Zeithaml said.
Students from both schools will be able to take advantage of the database, Systems Engineering Prof. Peter Beling said.
"Clearly this a benefit for Commerce School classes. Instructors can give real-life examples from a very large and clean data set," Beling said. Engineering students will benefit from having a large database from which to perform data analysis, he said.
SNL Securities has had a long relationship with the University. Its president and publisher, Reid Nagle, moved the company to Charlottesville from Hoboken, New Jersey in 1989 and about a third of SNL's 250 employees are University alumni.
"For a number of years, the University has provided SNL with intellectual capital. SNL is now providing the University with intellectual capital in return," Zeithaml said.