Leading Provider of On-Demand Financial Market Data Adds 200 New Clients, Doubles Revenue and Expands Product PortfolioSAN MATEO, CA February 23, 2009 - Xignite, Inc., the leading cloud services provider of on-demand, financial market data and application components announced today that the company achieved record growth in 2008. The company closed the year by doubling revenue and adding more than 200 new clients in multiple industries and from dozens of countries around the world. In addition, Xignite entered into several key partnerships that expanded its catalog of accessible and affordable financial Web Services including financial information from emerging markets. "In 2008, Xignite was at the center of a convergence between increased interest in cloud computing, a surge in demand for financial information due to the financial crisis and the edict that companies do more with less from the ensuing recession," said Stephane Dubois, founder and CEO of Xignite. "Our rapid customer growth is a testament to the value of our services, and we expect to maintain this momentum throughout 2009."
Expanding the Market for Financial DataIn 2008, Xignite continued to extend the market for financial market data through partnerships with NASDAQ and BATS Exchange to provide last sale price information via on-demand Web Services, dramatically easing access to real-time stock quotes for Web and software publishers. In June, NASDAQ introduced NASDAQ Last Sale, becoming the first U.S. stock exchange to facilitate public access to real-time stock quotes over the Web. As part of this launch NASDAQ partnered with Xignite to deliver this data via an on-demand Web Service with low-risk subscription pricing. In December, Xignite continued to improve access to real-time market data by partnering with BATS Exchange, the world's third largest securities exchange in terms of notional value, to deliver BATS last sale data as a web service, enabling organizations to incorporate real-time data into their Web sites and applications in minutes.
Driving Customer Growth2008 saw Xignite add more than 200 new clients to the company's roster of leading Web publishers, financial services firms, and corporate brands. These included Forbes.com, which saved hundreds of thousands of dollars and months of development time by working with Xignite to deliver up-to-the-minute stock prices on its Web site. Other new customers include Citbank, Dun & Bradstreet, RBC Capital Markets Corporation, Coca Cola Bottling Company and LexisNexis. Xignite's data is now consumed by users in 35 countries across the globe.
Broadening the Services PortfolioXignite added five new products to its financial Web Services catalog in 2008, including XigniteGlobalQuotes, the first web service to deliver delayed stock quotes for global established and emerging markets, including China, India, Brazil and Eastern Europe. The following summary provides the complete list.
- XigniteNASDAQLastSale — Real-time NASDAQ Last Sale stock prices and trade data for U.S.-listed stocks.
- XigniteBATSLastSale — Real-time BATS Exchange Last Sale stock prices and trade data for U.S.-listed stocks.
- XigniteGlobalQuotes — Global delayed stock quotes for U.S. and international equities.
- XigniteMoneyMarkets — Real-time and historical U.S. Treasury, and global interest rate swaps.
- XigniteInterbanks — An array of more than 35 global interbank interest rates including the official BBA LIBOR.