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StrikeIron and Xignite Expand Partnership to Resell StrikeIron's OnDemand Web Services for Excel; Leading Provider of Financial Web Services

Xignite

RESEARCH TRIANGLE PARK, N.C. Sept. 12, 2006--StrikeIron Inc., provider of the Web Services Marketplace, today announced that it has partnered with Xignite who will resell StrikeIron's OnDemand Web Services for Excel. As part of the agreement, Xignite will use this Microsoft Office add-in to create live customizable Excel workbooks connecting to Xignite Financial Web services. These workbooks will be available to integrate with any financial or Web application in order to build customized, real-time applications quickly and cost-efficiently. In addition, the OnDemand Web Services for Excel workbooks will enable users to create compelling Service Oriented Architecture (SOA)-driven applications to leverage the existing investments organizations are making in SOA infrastructure technology. The agreement expands the scope of an existing two-year old partnership between the two companies that has seen them serve dozens of joint customers. Many of Xignite's more than 35 financial Web services are being distributed via the StrikeIron Web Services Marketplace. Xignite is the industry's largest provider of pure-play financial Web services for mission-critical corporate applications. The company offers the broadest, most comprehensive suite of financial data and components available on an on-demand platform. StrikeIron OnDemand for Excel provides Microsoft Excel users with drag-and-drop access to the power of XML-based Web services, delivering "live" workbooks to the desktop that are fed by real-time data. Any subscriber of one or more Web services from Xignite can build rich-client spreadsheets that incorporate live data feeds from multiple sources without any programming. As a result, Excel becomes a rich, universal client for service-oriented architectures and a tool for building composite, services-driven applications. "StrikeIron is very pleased to extend StrikeIron OnDemand Web Services for Excel to the vast network of Financial Web Services users that are part of Xignite's network," said Bob Brauer, President and CEO of StrikeIron. "Enabling live financial data into any application utilizing the same easy, consistent interface makes it much easier to integrate into many different classes of applications. This will broadly increase the universe of users that can now leverage the financial Web services available from Xignite." "StrikeIron's OnDemand solution complements and extends the value of our web services for the benefit of our common customers," said Stephane Dubois, CEO of Xignite. "As the market for pure-play web services matures, end users increasingly want to access them directly. This expanded agreement gives users access to live data straight from their preferred spreadsheet application. They can do their jobs better and more quickly by combining the power of Excel with the accuracy and immediacy of our data. Plus, Xignite's open distribution model lets them subscribe only to the services they need." About Xignite Xignite (pronounced "X-Ignite") is the largest provider of pure play financial web services for mission-critical corporate applications. As a pioneer in the field, Xignite offers the broadest suite of financial data and components available today on an on-demand platform. Xignite powers mission-critical applications for portfolio management, sales management, ERP, trading, investor relations, customer portals, executive dashboards, analytical engines and more. Xignite serves software developers who procure financial web services and currently enjoys 200 direct and reseller customers including Ameriquest, GE Commercial Finance, Goodyear, ING, McDonald's, Marsh & McLennan, Starbucks, Wendy's, SAP, Tibco, and Research In Motion. For more information, please visit www.Xignite.com About StrikeIron StrikeIron is the leader in the commercialization of Web Services, providing the world's largest library of externally available plug-and-play Web services. Built on top of a sophisticated, yet easy-to-use Web Services Commerce Platform, the Marketplace serves as a place for providers and consumers of XML-based Web services to publish, subscribe to, and build applications and Web sites using a diverse set of Web services. Enabling a business model for the Programmable Web, the core technology provides self-service publishing and consumption of Web services, micro-transactions and usage-based billing, software infrastructure, multiple productivity tools, seamless integration for both individual customers and software technology partners, and a consistency of usage from multiple Web services across multiple vendors. The Aurora Funds, Inc. and NC IDEA provided funding f or StrikeIron after recognizing the significant opportunity to invest in a technology firm leading innovation of the Programmable Web and Web 2.0. For more information, visit www.strikeiron.com.

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Xignite, Inc., a provider of market data distribution and management solutions for financial services and technology companies, today revealed the results of its collaboration with StockCharts, a leading technical analysis and financial charting platform for online retail investors. The collaboration involved a move from an on-premise market data provider to Xignite’s cloud-native technology hosted in Amazon Web Services (AWS). Download the case study containing the full results.

StockCharts requires vast quantities of financial data to power its visualization, charting and tracking tools, which investors use to analyze the markets to help with investment decisions. The company was frustrated by the limits of its on-premise market data center, which was forcing the team to make architectural decisions based on what its data center could handle in terms of speed and storage, not on their technology. Its previous market data provider was just starting to build out some cloud offerings, but they were far away from what the business required. StockCharts decided to migrate its infrastructure to the AWS cloud and partner with Xignite to gain access to endlessly scalable market and financial data delivered through innovative cloud APIs.

The collaboration made an immediate impact as StockCharts was able to expand its offerings and customer base by pursuing growth strategies enabled by Xignite’s cloud-based approach, which provides easy access to data and eliminates architectural limits on storage and speed.

The pandemic provided further validation. Seattle-based StockCharts was in one of the first areas hit by COVID-19 and was forced to quickly shut down its office. Pandemic-driven market volatility followed and StockCharts customers wanted to visualize what was happening. The company’s ability to scale quickly and accommodate a high volume of new requests would not have been possible without Xignite.

“The move to the AWS cloud and Xignite has unlocked tremendous new potential for us in a lot of architectural ways, and has given us a lot of data options that we could not even consider before,” said Grayson Roze, Vice President of Operations at StockCharts. “It relieved us of the burden of figuring out how to source things. Instead, we know exactly where we need to go to get the data and can access it instantly. That is a huge, huge benefit for our business.”

“We are proud to have played a role in transforming how StockCharts approaches data,” said Stephane Dubois, CEO and Founder of Xignite. “The events of this year unleashed a massive spike in retail trading and a host of other unexpected forces that reinforced the need for financial services firms to leverage the cloud. Despite the disruption of this year, StockCharts was positioned for success, and we look forward to continuing to deliver our financial and market data solutions to the industry at large.”

Xignite

Xignite has been disrupting the financial and market data industry from its Silicon Valley headquarters since 2006 when it introduced the first commercial REST API. Since then, Xignite has been continually refining its technology to help fintech and financial institutions get the most value from their data. Today, more than 700 clients access over 500 cloud-native APIs and leverage a suite of specialized microservices-delivered modules to build efficient and cost-effective enterprise data management solutions. Visit http://www.xignite.com or follow on Twitter @xignite

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