Volante Technologies, Inc. the leading provider of platform-independent data management and messaging solutions for the financial services industry, today announced a partnership with MuleSource, the official support and services organization backing Mule.
Mule is the leading open source Enterprise Service Bus (ESB) and integration platform, with hundreds of mission-critical production installations worldwide, including several of the Fortune 50, and more than 200,000 downloads since 2005. Financial services organizations are increasingly running Mule as the messaging backbone for high-volume trade processing, and experiencing performance that rivals multi-million dollar proprietary alternatives at a fraction of the cost.
Volante provides a high performance platform-agnostic product suite that gives customers open and flexible solutions to conquer the challenges of data integration in SOA environments. In financial services, SOA migration requires exposing previously siloed, monolithic applications as services for re-use across legacy infrastructure (even resident mainframe applications). Volante supports the broadest range of structured and unstructured data, messaging technologies and formats, offering a painless migration path to SOA and making it easier for financial firms to comply with regulatory and compliance reporting requirements.
âWe are watching Mule and open source rapidly steal market share from the proprietary integration technologies in the financial services industry,â said Vijay Oddiraju, Founder & CEO, Volante Technologies. âTogether we are giving financial institutions one more way to increase shareholder value. They will now be able to bring revenue generating products to the market in a more timely fashion and at a much lower cost than with expensive and cumbersome proprietary middleware solutions.â
The Mule integration platform is highly complimentary with Volanteâs family of platform-agnostic data management and messaging solutions. Under the terms of the partnership, MuleSource and Volante will jointly sell their solutions to financial services industry customers starting in Q1 of 2007.
âIn the financial services and risk management world, there are almost an infinite amount of rich data feeds,â said Dave Rosenberg, CEO of MuleSource. âFrom market data to internal portfolio data, to external credit data, to trading subsystems â you see some unbelievably complex messaging frameworks. As Mule usage in financial services becomes ubiquitous, weâre very excited to partner with Volante, one of the market leaders in data management, and to jointly address customersâ integration needs with compelling open source solutions.â