London - Reuters, the global news, information and technology group, and Sun
Microsystems Inc., a leading hardware, software and services provider, are joining forces to provide combined consultancy services to the global financial markets industry.

Reuters Consulting and Sun Professional Services will offer customers a broad-ranging combination of skills and knowledge. This will assist financial institutions to improve their business efficiencies and reduce time to market, risk of failure and total cost of ownership for new initiatives.

Customers will be able to gain maximum benefit from the two companies combined products, technology, architectures, strategic consultancy and business process capabilities. Reuters Consulting specialises in the design, implementation, integration and project management of products and services from Reuters and business integration solutions from TIBCO Software Inc., whereas Sun Professional Services specialises in solution design and implementation around eSolutions, Sun ONE platforms, Java(TM) technologies and Sun's systems and storage technologies.

As part of the alliance, Reuters Integration Laboratory, its customer facility for trialing integrated technology solutions based in London and Tokyo, will be closely linked to Sun's iForce (SM) Ready Centres in Paris and Tokyo. The two companies have developed a virtual private network between the London and Paris centres that will enable customers to access and trial combined solutions and proof of concepts from the two technology providers around the world. Reuters Integration Laboratory is now a Sun Authorised iForce ((tm)) Ready Centre.

Peter Cunningham, Vice President EMEA, Sun Professional Services, said "In today's business environment customer satisfaction is absolutely paramount. Sun and Reuters are committed to delivering best of breed technology solutions and consultancy to our joint customers. Like no other sector in the world, the financial sector demands the right tools, information and analysis at the right time in a mission critical environment. By bringing together our resources through Sun's iForce Ready Centres and Reuters Integration Laboratory we are enabling customers to develop and test new combined solutions before they are implemented in the front line of the business."

Martin Cole, Managing Director, Reuters Consulting, said: "Sun Microsystems is a very important technology partner for Reuters in the financial markets and we already have a good track record of working together on joint projects. This alliance further deepens the working relationship between the two companies and enables us to provide an enhanced service to our customers by creating a combined, single team ethos with common goals, management and standards. Sun Professional Services' technical excellence in network computing, Java technologies and Internet innovation is the perfect complement to our financial markets expertise."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development