CityCompass announces the first vendors to agree to take part in the B.I.S.S. December 2004 Benchmarking of Integration and Web Services Systems

London, UK 4 August 2004 – CityCompass, the independent facilitator of contemporary market issues affecting the financial services sector, today announced that Integra SP and Magic Software have joined TIBCO Software and PolarLake to take part in this years benchmarking of Integration and web services systems for financial services. The benchmarking will be concentrating on the flexibility of Integration and Web services to work with legacy systems to meet the many business challenges in financial services in 2005.

Gary Wright the Managing Director of CityCompass and founder of business benchmarking said “We are very pleased to see that two quality software firms, Integra SP and Magic have entered with TIBCO Software and PolarLake in this years Integration and Web services benchmarking. Last year PolarLake and TIBCO Software were proved to be market leaders in their particular areas of expertise and we are happy to see that these other vendors are confident that they will attain the same level of approval.

Steve Craggs, Vice Chair of the Integration Consortium said” We are very pleased to support this event for the second year, the Integration Consortium sees the B.I.S.S. CityCompass benchmarking as a great way of helping financial services companies make informed purchasing decisions to support their systems integration plans and vendors promote their capabilities through the new Gold label ”

PolarLake and TIBCO software were both favourably received in the Bloor Research report based on the benchmarking process and detailed product review last year. This year entrants will have to prove their systems capability to achieve the new B.I.S.S. Gold label accreditation for meeting the industry business benchmarks. We expect to announce further participants shortly”

David Levett, Founder of Altio and CTO of Integra SP said "This is an excellent opportunity for Integra SP to show the full extent of AltioLive capabilities in the Financial Services market place. We look forward to participating in this benchmarking exercise to demonstrate, alongside our colleagues, the opportunity for web services as a powerful integration architecture and fully expect to achieve the Gold Label Industry Panel accreditation."

Andy Peart, Head of Marketing for Magic Software said” The financial services sector is a key market for us and we’re confident the Benchmarking exercise will be a great opportunity to prove our capabilities.”

Ronan Bradley, CEO, PolarLake said "PolarLake is delighted to participate in this benchmarking event, and we look forward to putting our technology 'on the line' and demonstrating how our approach can drive down the cost of integration in financial services"

Paul Scarrott the Head of Marketing in the UK of TIBCO Software said” We are delighted to be participating in the B.I.S.S CityCompass benchmarking for the second year and see this as an excellent opportunity to once again prove that TIBCO’s software has prominent status in the financial services market place and achieve the Gold label industry panel accreditation”

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