Xignite Brings Greater Market Transparency With New Web Service For Corporate Earnings Calls

July 27, 2009

XigniteEarningsCalendar Rounds out Xignite’s Portfolio of Web Services Dedicated to Improving Transparency across the Financial Industry

San Mateo, CA — July 27, 2009 — Xignite, Inc., the leading cloud services provider of on-demand global financial market data and application components, today announced the release of XigniteEarningsCalendar, a new Web service that expands Xignite's portfolio of solutions that are driving forward-looking market transparency in the financial sector. The new service enables financial services organizations and Web publishers to systematically track and publish future corporate earnings call schedules, live public broadcasts of earnings calls and replays of past calls.

Xignite's on-demand Web services play a vital role in bringing greater transparency to financial markets. By eliminating the prohibitive costs of data management infrastructure, Xignite makes timely access to important market data simple and cost-effective for companies of all sizes. In addition to XigniteEarningsCalendar, Xignite offers a number of services that, together, can provide a company with a complete end-to-end solution for monitoring important future events and comparing forecasts to actual performance.

  • XigniteTranscripts

    Provides links to earnings call transcripts from more than 1,500 companies

  • XigniteEstimates

    Offers analyst estimates for easy comparison with guidance discussed on earnings calls

  • XigniteFinancials and XigniteFundamentals

    Give actual figures reported in corporate financial statements for simple and systematic comparison with financial estimates discussed on earnings calls

"Public and political outcry for more transparency in the financial sector is forcing an industry-wide transformation," said Stephane Dubois, CEO, Xignite. "At the center are Web services, which enable the dissemination financial data at high volume and low cost, improving access to information and visibility into the actions of public companies. Xignite has long served as an advocate for financial market transparency by making market data easy to access by a wide audience and lowering the total cost of using market data. The release of XigniteEarningsCall further underscores this commitment."

Xignite eliminates the high costs associated with obtaining and managing financial market data in-house, including data feeds, bulk-loaded flat files, databases, servers, networking infrastructure and a variety of other hardware and software. Because Xignite's Web services provide application-ready data, they can deliver exactly the information a company's software application requests, in a format the application can easily use, all in real-time at the moment when the application requires it.

About Xignite

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 400 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.

For further press information regarding Xignite please contact:

Annie Klein

Schwartz Communications

Telp: (415) 512-0770

Email: xignite@schwartz-pr.com

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