Palo Alto, June 15, 2001 - Reuters (NASDAQ: RTRSY), the global news,
information and technology group, and Sun Microsystems, a leading provider
of industrial-strength hardware, software and services that power the
Internet, today announced joint efforts to advance the time-to-market
deployment of Reuters online brokerage solutions, Reuters TIBMercury Online.
The strategy aims to offer financial institutions a stronger competitive
edge in online securities trading.
Reuters TIBMercury Online, a complete order routing technology that helps
enable financial institutions of all sizes and technology sophistication to
create electronic brokerage services for their customers, is working with
Sun to reconfigure its online services in an effort to minimize the guess
work and risk at the financial institution's customer site. This Sun/Reuters
collaboration will help enable faster time-to-market, and will help allow
the institution to remain focused on its customer.
Reuters new test and configuration service, TIBAssurance has been working
with Sun Professional Services to test and tune various Sun hardware
configurations, creating well-defined solutions that optimize performance
and simplify the installation and configuration of TIBMercury Online,
reducing cost, time to market and implementation risk for Reuters clients.
Rob Knourek, President of Reuters Retail Solutions said: "Apart, Reuters and
Sun offer solutions that are best-in-class, reliable and cutting-edge.
Together, we can say with complete confidence, we offer best-of-breed
scalable solutions, and reliability and functionality to financial
institutions looking to stay competitive by leveraging the Internet to
expand their services."
Rob Hall, Vice President, Marketing and Industries, Sun Microsystems, said:
"As a thought leader and next-generation technology evangelist, Sun's
ultimate goal is to empower companies to leverage the Internet in order to
get them even closer to their customers, without the headache and mystery
associated with sophisticated IT enterprises. The combination of Reuters and
Sun's respective technology, and the fruits of our collaboration, reward
decision makers at every level of the institution."