SAN FRANCISCO—July 23, 2008—WaveMaker™, a provider of open source tools for rapid Web application development, today announced a strategic partnership with on-demand financial web services provider Xignite. Together, Xignite and WaveMaker will greatly simplify the process by which financial services organizations integrate key financial information into the processes and applications their employees and clients use every day. By combining Xignite's web services and WaveMaker's Visual Ajax Studio development environment, customers can easily create and deploy a mash-up to an existing Web page or dashboard in a matter of minutes.
Xignite web services allow companies in need of financial information the ability to display or use financial market data in an application, such as last sale prices, charts, news, SEC filings, currency exchange rates or commodity prices. WaveMaker's drag-and-drop Web application toolkit enables users to quickly and easily create database-driven Ajax Web applications without having to write complex code. Together, WaveMaker provides developers the ability to quickly create nearly code-less mash-ups and integrate them into existing business applications. To view a sample of Xignite's data in a stock ticker widget imbedded in a Web page created by WaveMaker, visit: WaveMakerFinancialDataTicker.
"Together, Xignite and WaveMaker are showcasing the power of Web 2.0 for financial services," said Chris Keene, CEO of WaveMaker. "With the WaveMaker/Xignite ticker widget, any developer can add real-time financial data to their web site in less than five minutes - a task that would have taken weeks to accomplish before this partnership."
The agreement begins a partnership that will allow WaveMaker to create mashups of Xignite's more than 55 financial web services. Under the partnership, the companies will collaborate on product development as well as conduct joint sales and marketing activities in the future.
"Firms are increasingly looking for easier ways to build applications. They no longer have the time to spend weeks or months building functionality that needs to change quickly based on business and market constraints. The WaveMaker Visual Ajax Studio is a great tool developers can use to build robust applications and integrate financial data in minutes," said Stephane Dubois, CEO of Xignite. "Our partnership with WaveMaker will provide our clients with a professional yet affordable way to deliver data internally or publicly."
About WaveMaker Software
WaveMaker Software™, Inc. provides an easy-to-use, open source Web application development platform for aspiring Web developers. WaveMaker's Visual Ajax Studio is Web Fast and CIO SafeTM, enabling developers to quickly create and deploy Web applications that adhere to the CIO's architecture, security and data policies. WaveMaker Software is privately held and headquartered in San Francisco, California, and is funded by Allegis Capital, Sippl Investments, Hummer-Winblad and Worldview Technology Partners. For more information, please visit http://wavemaker.com.
About Xignite
Xignite (pronounced "x-ignite") is the leading provider of on-demand web services for mission-critical financial applications. Xignite offers the broadest suite of financial web services available today with more than 50 commercial-grade solutions covering quotes, news, corporate data, industry information, analytics, tools and more. As a pioneer in the field of business services available "in the cloud", Xignite's comprehensive platform brought the on-demand model popularized by Salesforce.com to the financial market data industry. Xignite fulfills more than 1 billion service requests per month, powering web sites, corporate portals, portfolio management systems, analytical engines and more. Xignite serves more than 450 global clients, including Wells Fargo, Citi, GE Commercial Finance, Cowen & Company, Skandia, ING, Marsh & McLennan, Starbucks, and Wendy's. For more information, please visit Xignite at www.xignite.com or call 1-866-XML-SOAP.
WaveMaker Software, Visual Ajax Studio, Web Fast and CIO Safe are trademarks of WaveMaker Software. All other trademarks are property of their respective holders.
For More Information
Chloe Jackson, 415-357-0210 ext. 103
cjackson@wavemaker.com
or
Schwartz Communications, Inc.
Jen Spark, 415-512-0770
WaveMaker@schwartz-pr.com
