Xignite Selected "Best Web Service" Finalist for SIIA CODiE Awards

March 11, 2009

SAN MATEO, CA March 11, 2009 - Xignite, Inc., the leading cloud services provider of on-demand, financial market data and application components announced today that Software & Information Industry Association has selected Xignite Splice as a "Best Web Service" finalist for the 24th Annual SIIA CODiE Awards. The SIIA CODiE Awards recognize the software and information industry's finest products and services and honor excellence in corporate achievement and philanthropic efforts.

Xignite Splice is an on-demand, visual development tool that enables companies to mash-up enterprise-class Web services in minutes. Developers can assemble services that fit their exact requirements and use these "splices" to power any application. Splice has a built-in library of popular Web services including Xignite financials and easily integrates with other services from cloud vendors. Companies utilize the extensive library of Xignite financial services to reduce development costs and accelerate time to market. Xignite Splice was selected as a finalist for the "Best Web Service" category for its ability to connect disparate applications and data across an enterprise or between enterprises using Web service standards such as SOAP, XML and WDSL.

The CODiE Awards hold the distinction of being the industry's only peer-reviewed awards program, which provides member companies with a unique opportunity to earn praise from their competitors. CODiE Awards Judges are representatives from the software and information industry trade press, mainstream technology writers, analysts, consultants and subject-matter experts. The rankings of nominees by these preliminary judges determine the 2009 CODiE Awards Finalists.

"The competition is particularly steep this year during the 24th Annual SIIA CODiE Awards, making selection as a CODiE Finalist a real achievement," said Ken Wasch, president, SIIA. "All the companies on this year's list of CODiE Finalists should feel justifiably proud of their accomplishment in making it to this stage, and have much excitement to look forward to regarding the upcoming CODiE Awards voting!"

"Integrating financial data into enterprise applications and processes can be time-consuming and expensive but it is critical for a wide range of companies and industries, which is why Xignite created Splice," said Stephan Dubois, CEO, Xignite. "The SIIA CODiE Awards' selection of Xignite Splice as a Best Web Service is a validation of the service and underscores how our customers have used it to better utilize financial data throughout their organization."

About Xignite

Xignite is the leading cloud services provider of on-demand, global financial market data and application components. The Xignite financial Web Services and mash-up platform helps companies build smarter websites and software applications in minutes with zero investment and cost-effective, subscription pricing. Xignite offers over 50 solutions covering domestic and global equities, commodities, currencies, fixed income and interest rates, company fundamentals, corporate information and more. Xignite solutions power mission-critical applications and financial Web sites for more than 400 global clients, including Forbes.com, kaChing.com, NetSuite, Citi, GE Commercial Finance, ING, Starbucks, Wells Fargo and Wendy's. For more information, visit www.xignite.com or call 1-866-XML-SOAP.

For further press information regarding Xignite please contact:

Clinton Karr or Annie Klein

Schwartz Communications

Telp: (415) 512-0770

Email: xignite@schwartz-pr.com

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