San Mateo, CA — August 24, 2009 — Xignite, Inc., the leading cloud services provider of on-demand financial market data and application components announced today that Seeking Alpha, the premier financial Web site for actionable stock market opinion and analysis, has selected Xignite to deliver real-time market data to the site's millions of visitors. By leveraging Xignite's financial Web services, Seeking Alpha was able to upgrade from delayed stock quotes to real-time quotes quickly and cost-effectively, bringing the new application to market in a matter of days.
As a leading publisher serving the nation's most savvy and inquisitive investors, Seeking Alpha is driven to provide readers with the most comprehensive and up-to-the-minute financial information on the Web. Seeking Alpha selected Xignite as a market data partner because Xignite's Web services delivery model and cost-effective pricing enabled Seeking Alpha to integrate real-time quotes into its Web site without any additional investment in hardware, software, vendor tools or custom coding.
To further simplify development and speed time to market, Seeking Alpha leveraged Splice, Xignite's on-demand mashup platform. By using Splice to mash up the four core Web services Xignite is providing, Seeking Alpha is able to access all of the data using a single call to the combined Splice Web service.
Xignite is the only company that provides professional-grade market data as cloud services, with an extensive catalog of more than 50 categories of financial information delivered on-demand as industry standard Web services.
"To meet our reader's demand for timely financial information, we needed a solution that was simple, cost-effective and professional grade," said David Jackson, CEO of Seeking Alpha. "By partnering with Xignite, our development team was able to launch our real-time quotes application in a matter of days. The response has been so positive that we are using Xignite's services to power a number of new features to the site."
"Seeking Alpha is a pioneer in online financial content and a leader in improving the accessibility of financial information," said Stephane Dubois, CEO, Xignite. "Xignite is proud to work with customers such as Seeking Alpha who leverage the Internet to empower investors through increased market transparency and easier access to high quality market data."
About Seeking Alpha
Seeking Alpha is the premier financial Web site for actionable stock market opinion and analysis. We handpick articles from the world's top market blogs, money managers, financial experts and investment newsletters - publishing approximately 250 articles daily. Seeking Alpha gives a voice to over 3000 contributors, providing access to the nation's most savvy and inquisitive investors. Our site is the only free, online source for over 2,000 public companies' quarterly earnings call transcripts, including the S&P 500. Seeking Alpha was named the Most Informative Website by Kiplinger's Magazine and has received Forbes' ‘Best of the Web' Award.
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 550 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.
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