Two New Xignite Web Services Integrate Earnings, Ratings Information on 5,000+ Stocks into Any Financial Application
SAN MATEO, Calif. June 4, 2007--Xignite, the leading pure-play provider of financial web services for mission-critical corporate applications, today announced a partnership with Zacks Investment Research through which Xignite will redistribute Zacks stock market data as part of two new on-demand financial web service offerings.
The partnership will benefit corporate application developers looking to easily integrate and deliver earnings information, sales estimates, analyst recommendations, and hundreds of other research fields to financial user desktops. Xignite has packaged Zacks data on more than 5,200 U.S. and Canadian stocks into two new equity service offerings:
- XigniteEstimates – provides comprehensive data on sales and earnings forecasts, including consensus estimates, revision trends, historical earnings surprises, estimated sales and earnings growth, price-earnings multiples, industry and sector estimates, and more.
- XigniteAnalysts – provides detailed analyst ratings and recommendations such as consensus ratings, revision trends, number of broker ratings, and more.
Xignite's powerful on-demand financial web services platform opens up a new market for Zacks in supplying stock market data to corporate finance departments – an area not traditionally targeted by other large providers such as Reuters or Standard & Poors. Financial executives looking for insights in evaluating the position of other publicly traded companies, for purposes such as benchmarking competitors or evaluating merger & acquisition targets, can use the new Xignite/Zacks web services in these and similar efforts.
"Zacks is interested not just in serving the needs of large brokerage houses and institutional investors," said Bryant Sheehy, director of business development at Zacks Content and Data Division. "We take a more nimble, entrepreneurial approach by delivering stock market information to a variety of down-market customers as well – such as software developers, branded investor websites, and redistributors – with lower pricing and better service than our competitors. This partnership with Xignite highlights the growing demands of corporate finance professionals for high quality, easy to integrate data services to help them perform equity and other fundamental research for greater competitive advantage."
XigniteEstimates and XigniteAnalysts both feature customizable report templates which allow corporate IT to quickly and easily deploy equity research data into applications meeting a variety of specific business needs. Financial tables and charts can be configured easily to add data points and adjust time periods to automatically retrieve all the data necessary for analysis in a single web service call. Both products are available now for immediate online subscription from the Xignite web service marketplace.
"It is a challenge in itself for corporate finance to find accurate and reliable stock market information that can be easily and quickly mashed up into today's sophisticated composite applications,” said Stephane Dubois, CEO of Xignite. “Few companies wish to source this mission-critical data from multiple sources, but would rather choose to trust an experienced provider like Zacks. This partnership combines their research and analytical data with our transparent, on-demand Web 2.0 delivery model to provision fast and affordable financial services with unique depth and breadth."
Founded in 1978, Zacks Investment Research has more than 25 years of experience in providing institutional and individual investors with the analytical tools and financial information necessary to the success of their investment process. Zacks created the first earnings estimate revision model and originated the concept of the Earnings Surprise. Today, Zacks’ models process over 25,000 earnings estimate revisions and changes in broker recommendations weekly from over 200 brokerage firms, produced by more than 3,500 analysts. As one of the top market data and proprietary investment model providers, Zacks clients include some of the most widely known institutions in the financial industry. For more information, please visit www.zacks.com
Xignite (pronounced "x-ignite") is the leading pure-play provider of financial web services for mission-critical corporate applications. As a pioneer in the field, Xignite offers the broadest integrated suite of financial web services available today on an on-demand platform, with more than 35 solutions covering market quotes, news, corporate data, industry information, analytics, tools and more. Xignite powers mission-critical applications for portfolio management, sales management, trading, investor relations, corporate portals, executive dashboards, analytical engines and more. Xignite serves more than 220 clients, including Ameriquest, GE Commercial Finance, Goodyear, ING, McDonald's, Marsh & McLennan, Starbucks, and Wendy's. For more information, please visit www.xignite.com