Information Builders and Xignite Partner for First-Ever Integration of On-Demand Financial Web Services with Enterprise Reporting

September 9, 2006

Information Builders’ WebFOCUS Reporting Solution Extends Xignite’s Financial Web Service Offerings to Bring Users Dynamic Reporting Capabilities

 
NEW YORK & SAN MATEO, Calif. Sept, 09, 2006--Information Builders, the enterprise business intelligence (BI) standard of choice for organizations around the world, and Xignite -- the leading pure-play provider of financial web services for mission-critical corporate applications -- today announced a partnership that integrates Xignite’s popular web services suite of on-demand financial market data with Information Builders’ WebFOCUS active reporting capabilities. Xignite develops and markets more than 35 financial web services that deliver real-time stock quotes, exchange rates, market insight and more. The company used WebFOCUS to create 400 active report templates to accompany its on-demand SOAP-based components. The reports enable users to analyze and report against live financial market data directly from Xignite. Users of WebFOCUS could easily create such reports to integrate dynamic financial data into their own enterprise reporting applications. “On-demand web services are catching on as a great way to deliver business value in the easiest possible way,” said Stephane Dubois, CEO of Xignite. “Users in the financial services industry and others are looking for easy ways to directly use data from web services. WebFOCUS lets users query our web services and perform powerful analytic functions like sorting, filtering, and charting on that data -- all with just a few clicks. This makes our information even more valuable and useful to our clients.” “Xignite provides an ideal platform for incorporating financial data into BI applications,” said Gerald Cohen, CEO of Information Builders. “Using Xignite’s pre-packaged web services, developers can incorporate real-time, dynamic data feeds into executive BI reports in minutes, without needing to deploy any additional infrastructure.” WebFOCUS Active Reports, which combine data and interactive controls into a self-contained HTML file, operate within a web browser without the need for any plug-ins or client-side software. This unique reporting technology lets users interact with the accompanying data as if they were using a general-purpose report writer. Reports are saved along with the data, and can be reused in an interactive fashion on demand. This interactivity is maintained even when a client is disconnected from the network. WebFOCUS Active Reports can also be sent by e-mail, with no additional software or license required by the recipient. WebFOCUS Active Reports are catching on quickly as web services because they can deliver analytic capabilities to completely portable and disconnected environments, without requiring any special software. Sometimes called “portable analytics,” this unique reporting technology is ideal for people who need information on the go, such as mobile workers who spend most of their time visiting clients, or service professionals who travel from site to site. Xignite’s web services are used by hundreds of companies throughout the world. Because they are flexible and easy-to-integrate, Xignite offerings power different types of applications across many industries. Xignite’s on-demand delivery model makes web services compelling for organizations of all sizes -- especially in conjunction with this new reporting technology. About XigniteXignite (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 About Information BuildersInformation Builders is the leader in enterprise business intelligence and real-time operational reporting. The company’s WebFOCUS product -- the industry’s most scalable, secure, and flexible -- is able to meet all the reporting needs of the extended enterprise, ranging from analysts to power users to the widest deployments for hundreds of thousands of users. Additionally, WebFOCUS' empowerment of organizations seeking to leverage all their data -- by accessing it all from legacy to data warehouse -- is unmatched. Information Builders’ award-winning technology has successfully provided quality software and superior services for 31 years to more than 12,000 customers, including most of the Fortune 100 and U.S. federal government agencies. Headquartered in New York City with 90 offices worldwide, the company employs 1,750 people and has over 350 business partners.
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