Microsoft, Volante Form Alliance to Define Business Value For Straight Through Processing

NEW YORK — Feb. 3, 2004 — Volante Technologies Inc. and Microsoft Corp. today announced an alliance that will usher in a new era in message management, enabling financial institutions to define and transform critical business messages by implementing Volante’s solution on the Microsoft® .NET Platform. The strategic alliance between Microsoft’s Vertical Solutions Unit for Financial Services and Volante will focus on co-marketing, joint sales engagements and technology adoption for message management, enabling Straight Through Processing (STP).

Volante’s product suite for STP accelerates data integration for the financial markets, delivering a new level of efficiency. Using an intuitive graphical designer, users can define message models or “cartridges.” While the cartridge can be deployed on multiple platforms, the best performance and lowest cost is achieved by running it on Windows Server™ 2003 with the Microsoft .NET Framework, BizTalk® Server 2004 and SQL Server™ 2000.

One of the challenges that Volante’s model-driven solution solves is reducing the time it takes to STP-enable trading partners. Starting with the Volante Designer™, developers or analysts build cartridges using a selection of prebuilt format components. These components define transformation, syntax and validation rules for widely used financial industry protocols. Code is then automatically generated, from the cartridge, for the targeted operating environment. Consequently, implementation time is reduced 60 percent to 90 percent compared with traditional methods of integration. This code is easily extensible via Web services.

“Volante’s industry-specific integration technology has resulted in a unique solution to address the problem of achieving STP,” said Kenny McBride, global industry manager for capital markets at Microsoft. “In today’s cost-constrained environment, Volante’s solution on .NET delivers Microsoft economies of scale in an overhyped, underserved market.”

“Our market research indicated that servers running Windows® and Microsoft .NET are growing at a faster pace than any other platform in the financial services market,” said Vijay Oddiraju, chairman and founder of Volante Technologies. “This made it easy for us to decide to not only leverage Microsoft .NET but also the specific capabilities of Microsoft server products like SQL Server 2000 and Windows Server 2003.”

“STP solutions have critical security and availability needs, and Volante’s ability to generate C# code running in the Common Language Runtime (CLR) on Windows Server 2003 provides enhanced security and reliability,” said Sanjay Parthasarathy, corporate vice president of the Platform Strategy and Partner Group at Microsoft.

“In our internal and customer benchmarks, our cartridges always performed best by a significant margin on Windows Server 2003 when compared with other operating environments,” said Krishna Sudarshan, chief technology officer at Volante Technologies. “Whether the language is C#, C++ or even Java, in every case the Microsoft platform offered performance that was better by several orders of magnitude based on messages per second.”

Volante Designer is available today. Pricing is available upon request from Volante.

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