SAN MATEO, CA December 10, 2008 - Xignite, Inc., the leading cloud computing provider of on-demand, Web services for professional-grade financial market data and applications, announced today that Forbes.com has selected Xignite to provide real-time stock quotes throughout Forbes.com using BATS Exchange trading data. This real-time market data provides Forbes.com visitors up-to-the-minute stock prices at their fingertips. By leveraging the Xignite cloud services platform and simple Web widgets, Forbes.com is now able to integrate real-time stock quotes and charts anywhere on its website in just minutes, and at a significantly lower cost than traditional market data solutions.
Considered the home page for the world's business leaders, Forbes.com is a valuable resource for comprehensive financial market information and the latest business news. At a time when the demand for market information is at its peak due to the current financial crisis, Forbes.com recognized that its readers needed real-time information. After careful review, Forbes.com selected Xignite for its on-demand, Web services delivery model, because it allowed the company to deploy real-time financial data rapidly on Forbes.com without the costs of new IT infrastructure. By working with Xignite, Forbes.com saved hundreds of thousands of dollars and months of development time.
Xignite is the only company that provides professional-grade market data as cloud services, offering an extensive catalog of more than 50 categories of financial information delivered on-demand as industry standard Web services. There is no upfront risk or infrastructure investment in hardware, software, vendor tools or custom coding. And, there are no ongoing requirements of system administration and maintenance.
"Xignite's Web services fundamentally change the way financial data is delivered. It is simpler to manage and more cost-effective than ever before," said Jeff Bauer, Creative Director at Forbes.com. "Not only did Xignite eliminate the costs and headaches of building the service ourselves, they were able to deliver the content our readers needed faster than any other vendor. Their sales and support responsiveness has been fantastic."
"In the midst of this financial crisis, there is significantly heightened demand for financial data," said Stephane Dubois, CEO of Xignite. "Markets are going up and down by hundreds of points every day. People need real-time data to make sound decisions. We are pleased to help Forbes.com deliver this information to their readers. Our cloud services platform allowed them to add BATS Exchange real-time market data to their website in just a few days. And now, Forbes.com can quickly adapt to their readers' needs by dropping widgets anywhere on their website in minutes."
Forbes.com (www.forbes.com), home page for the world's business leaders and the No. 1 business news source in the world, is among the most trusted resources for senior business executives, providing them the real-time reporting, uncompromising commentary, concise analysis, relevant tools and community they need to succeed at work, profit from investing and have fun with the rewards of winning. Throughout the business day Forbes.com publishes more than 4,000 articles, delivering the best of Forbes journalism and that of its selected partners with all the immediacy, depth and interactivity that the Web allows. Forbes.com is part of Forbes Digital, a division of Forbes Media LLC. Forbes.com and affiliated properties – ForbesTraveler.com, Investopedia.com, RealClearPolitics.com, RealClearMarkets.com, RealClearSports.com, and the Forbes.com Business and Finance Blog Network – together reach nearly 40 million business decision makers each month.
Xignite is the leading cloud computing provider of on-demand, Web services for professional-grade financial market data and applications, fulfilling more than one billion service requests per month. Xignite offers the broadest selection of financial Web services available today with more than 50 solutions covering domestic and global equities, commodities, currencies, fixed income and interbank interest rates, analyst predictions, company fundamentals, corporate information and news. Xignite solutions power mission-critical applications for portfolio management, sales management, trading, investor relations, executive dashboards, asset pricing, ERP, accounting, e-commerce, online games and financial websites for more than 400 global clients, including Citi, GE Commercial Finance, Wells Fargo, ING, Marsh & McLennan, Forbes.com, NetSuite, kaChing, Starbucks and Wendy's. For more information, please visit Xignite at www.xignite.com or call 1-866-XML-SOAP.
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