XigniteCompensation Offered in Partnership with Hemscott Data
SAN MATEO, Calif. November 01, 2006--Xignite, the leading pure-play provider of financial web services for mission-critical corporate applications, today announced the availability of XigniteCompensation – a new web service offering subscribers access to accurate, up-to-date executive compensation information. In delivering this capability, Xignite has partnered with Hemscott Data, a leading financial data publisher that serves the business information needs of major financial institutions. Xignite is redistributing Hemscott’s U.S. Executive Compensation database to make it available as a SOAP-based web service. The database provides up to five years of comprehensive information on directors and officers of U.S. public companies – including salaries, cash compensation, option grants, auditor fees and other stock-related compensation as reported in Securities and Exchange Commission filings. Key corporate financial performance data is also included, enabling richer trend analysis over time. The availability of precise, reliable executive biographical and compensation information is mission-critical to a variety of corporate applications – including customer relationship management, sales management, industry research, and analytical applications. Xignite’s on-demand platform lets application developers source and integrate this data in minutes instead of researching, mining, and translating this external data themselves. "Executive biographical and compensation information has traditionally been neither integrated with the proper applications, nor very affordable," said Stephane Dubois, CEO of Xignite. "We enable customers to slice and dice this information and pay only for the data they need. This creates opportunities for integrating this information in place that were hard to justify before. Our completely open, self service distribution model offers online documentation, subscription, and everything a developer needs to deploy XigniteCompensation today."
About Hemscott, Inc.Hemscott, Inc. is a leading independent provider of financial data in the U.S. and Canada. For more than 30 years, Hemscott has delivered detailed numerical, statistical and general business information to clients to help them meet their analytical, compliance and research needs. Hemscott, Inc. serves the information needs of a broad range of sophisticated users including financial institutions, major corporations, financial websites, applications service providers and data redistributors. Hemscott, Inc. was previously known as CoreData and changed its name in March 2005. 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.