FORBES.COM SELECTS XIGNITE FOR REAL-TIME STOCK QUOTES

10 December 2008

Xignite, Inc., the leading cloud computing provider of on-demand, Web services for professional-grade financial market data and applications, announced today that Forbes.com has selected Xignite to provide real-time stock quotes throughout Forbes.com using BATS Exchange trading data. This real-time market data provides Forbes.com visitors up-to-the-minute stock prices at their fingertips. By leveraging the Xignite cloud services platform and simple Web widgets, Forbes.com is now able integrate real-time stock quotes and charts anywhere on its site in just minutes, and at a significantly lower cost than traditional market data solutions.

Considered the home page for the world’s business leaders, Forbes.com is a valuable resource for comprehensive financial market information and the latest business news. At a time when the demand for market information is at its peak due to the current financial crisis, Forbes.com recognized that its readers needed real-time information. After careful review, Forbes.com selected Xignite for its on-demand Web services delivery model, because it allowed the company to deploy real-time financial data rapidly on Forbes.com without the costs of new IT infrastructure. By working with Xignite, Forbes.com saved hundreds of thousands of dollars and months of development time.

Xignite is the only company that provides professional-grade market data as cloud services, offering an extensive catalog of more than 50 categories of financial information delivered on-demand as industry standard Web services with simple, pay-as-you-go subscription pricing. Xignite customers simply visit its Web site, shop for what they need, sign-up and pay only for the data they use. There is no upfront risk or infrastructure investment in hardware, software, vendor tools or custom coding. And, there are no ongoing requirements of system administration and maintenance.

“Xignite’s Web services fundamentally change the way financial data is delivered. It is simpler to manage and more cost-effective than ever before,” said Jeff Bauer, creative director at Forbes.com. “Not only did Xignite eliminate the costs and headaches of building the service ourselves, they were able to deliver the content our readers needed faster than any other vendor. Their sales and support responsiveness has been fantastic.”

“In the midst of this financial crisis, there is significantly heightened demand for financial data,” said Stephane Dubois, CEO of Xignite. “Markets are going up and down by hundreds of points every day and people need real-time data to make sound decisions. We are pleased to help Forbes.com deliver this information to their readers. Our cloud services platform allowed them to add BATS Exchange real-time market data to their Web site in just a few days. And now, Forbes.com can quickly adapt to their readers’ needs by dropping widgets anywhere on their Web site in minutes.”



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