Xignite Hires Ex-Google Engineering Head of Partner Solutions to Expand Financial Market Data Cloud

June 6, 2011

Xignite Prepares to Change the Game in Financial Market Data
San Mateo, CA - June 6, 2011 - Xignite Inc, the leading cloud services provider of on-demand market data distribution technologies, , announced today that Al (Albert) Chang has joined its team as Vice President of Engineering. He will be reporting directly to the CEO, Stephane Dubois. With over two decades of experience, Chang will be instrumental in expanding Xignite's portfolio of ground-breaking and disruptive market data distribution technologies. Chang joins Xignite in the midst of record-setting growth and significant new product introductions. "I am very excited to see Al join our team at this critical juncture in Xignite’s history. His wealth of experience in the cloud and deep understanding of advanced multi-tenant solutions will be instrumental in accelerating the scalability and usability our platform," said Stephane Dubois, CEO and founder of Xignite. "Xignite is building a massive cloud-based market data delivery infrastructure, and I am excited by this opportunity to lead that effort," added Chang. Prior to Xignite, Chang spent five years serving as the Head of Engineering for Partner Solutions at Google. While there, he led and built a global engineering organization that enabled strategic partnerships, including AOL, Dell, T-Mobile, Virgin Media, Sony, and EchoStar by extending Google's core product offerings in search, ads, Android, apps, YouTube, and TV. Prior to Google, Chang served as Vice-President of Product Development at Advent Software for four years. There he led a large engineering team in the creation of integrated financial portfolio management, accounting, and client relationship solutions, which were based on an enterprise-ready, Web-based architecture. Chang also managed various strategic relationships, including SEI Investments, Allianz, and the acquisition of a custodial data reconciliation operation. Earlier, Chang co-founded TenFold Corporation, which in just six years grew to more than $90M in revenue, scaled from five employees to seven hundred employees, and went public. At TenFold, Chang held various Vice President-level positions in engineering and professional services. He also oversaw the effort to build and implement complex rules engines for mission-critical enterprise applications at Fortune 500 companies, such as Barclays Global Investors, JP Morgan Chase, and Allstate. Chang holds multiple degrees from the Massachusetts Institute of Technology, including a Masters of Science in Mechanical Engineering, a Bachelors of Science in Mechanical Engineering, and a Bachelors of Science in Biology. About Xignite Xignite is the leading cloud services provider of on-demand financial market data and award-winning on-demand data distribution solutions. Xignite's market data cloud fulfills more than five billion service requests per month and offers more than 50 financial Web Services providing real-time, historical and reference data for global equities, commodities, currencies, options, fixed income, mutual funds, derivatives and OTC instruments. Xignite solutions power mission-critical applications for front, back and mid-office, investor relations, dashboards, e-commerce, wireless applications and financial websites for more than 900 clients in 47 countries, including Citi, GE, Wells Fargo, ING, BNY Mellon, Natixis, Dow Jones, Forbes.com, SeekingAlpha, ExxonMobil, Starbucks, and Barrick Gold. The award-winning XigniteOnDemand cloud platform also powers on-demand market data distribution solutions for stock exchanges, trading venues, OTC brokers and market data originators including the CME Group, NASDAQ OMX, BgCantor and Pearson. For more informatino, please visit www.xignite.com or call 1-866-XML-SOAP. Landon Long Xignite Inc. llong [at] xignite.com +1.650.655.3700
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