TIBCO, Integra to provide solutions for finance industry

By siliconindia staff writer   |   Friday, 14 November 2003, 20:30 IST
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PALO ALTO: TIBCO Software Inc., a leading enabler of real-time business and the world's largest independent business integration software company, as demonstrated by market share and analyst reports, and Integra SP, a specialist in real-time software and integration solutions provider today announced an extension to their existing partnership agreement and outlined plans to provide a series of co-developed solutions designed specifically for the finance industry. "By embedding TIBCO technology into our solutions, Integra SP can deploy solutions more quickly and efficiently," said Sven Thiele, chief executive officer, Integra SP. "With solutions like iaTrade(TM) and MarketConnect(TM), we are able to provide financial institutions with robust and high-performance solutions for asset managers, brokers, banks and custodians for implementing cost-effective electronic processes." Integra SP already embeds TIBCO software into Integra SP's trade lifecycle management solution, iaTrade. The latest agreement extends this relationship across a number of finance related projects including Integra SP's recently announced MarketConnect product, a high performance financial messaging appliance. MarketConnect is a low-cost, edge-of-network, multi-format financial messaging appliance that is middleware and network agnostic. The scalable appliance supports payment systems and all asset classes, enabling asset managers, brokers, banks and custodians to implement cost efficient electronic processes. Integra SP has just released MarketConnect Version 2.0 adding support for SWIFTNet FIX, SWIFTNet FIN and OMGEO. "Extending this agreement with Integra SP accelerates our product deployment in the financial services markets," said George Ahn, executive vice president and chief marketing officer, TIBCO Software Inc. "TIBCO's involvement with MarketConnect is just one example of how sharing our domain knowledge with leaders like Integra SP delivers new and innovative technology to the financial services market."