London, UK â 21st October 2003 - Integra SP, a specialist real-time software and integration solutions provider and TIBCO Software Inc., a leading enabler of real-time business and the world's largest independent business integration software company, 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.
In March of this year, Integra SP and TIBCO signed an agreement to embed TIBCO's middleware technology into Integra SP's trade lifecycle management
solution, iaTradeâ¢. The latest agreement extends this relationship across a
number of finance related projects, the first being the inclusion of TIBCO's
technology as an integral part of Integra SP's recently announced
MarketConnectâ¢ 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.
The MarketConnect appliance has been jointly developed by Integra SP, B2BITS
and C24, combining some of the most sophisticated product features and domain expertise.
Sven Thiele, CEO for Integra SP commented: "By embedding TIBCO technology into solutions such as iaTrade and MarketConnect, we are able to provide financial institutions with a robust and high-performance solution for the quick and efficient orchestration of messages throughout the organisation and associated partner set."
George Ahn, Executive Vice President and Chief Marketing Officer, TIBCO Software Inc. added: "Extending this agreement with Integra SP accelerates our product deployment in the financial services markets. 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."