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Subject: [announce] OASIS Member News: XML Global and iWay Software Debut XMLSolution for Financial Services Industry
---------------------------------------------------------------------- XML Global and iWay Software Debut XML Solution for Financial Services Industry ---------------------------------------------------------------------- XML Transformation Server Highlighted at XML on Wall Street New York, N.Y., November 19th, 2001 - XML Global Technologies, Inc. (OTC BB: XMLG), an XML middleware company, and iWay Software, an Information Builders Company that accelerates business integration, announced today their jointly developed XML Transformation Server (XTS) will be featured at the 2001 XML on Wall Street Conference. Being held in New York City on November 20th, this annual exhibit and conference will gather top IT executives, including technology management, systems architects, and other decision makers engaged in XML developments in financial services. Studies from Accenture, Gartner, SIA and Tower Research indicate IT spending on STP/T+1 (Straight-Through Processing/Trade+1 Day) initiatives will range from $10B to $30B. At the same time, however, firms are faced with reduced IT budgets resulting from the global economic slowdown due to reduced revenues from underwriting, trading and investment banking services. These budget issues have been further compounded by the events of September 11, 2001. XML Global and iWay Software's XTS is an end-to-end STP/T+1 solution that fits within today's IT budget realities. iWay Software and XML Global provide a comprehensive 3rd generation solution for Straight-Through Processing that reduces the implementation costs and accelerates time to market by providing code-free solutions based on .NET, XML and Web Services standards. The solutions allow firms to rapidly build and deploy solutions that leverage industry leading message broker technologies including Microsoft BizTalk Server and IBM WebSphere MQ Integrator. David Watson, Director of Enterprise Integration Products for iWay Software commented: "This solution helps brokers, dealers, custodians and investment managers settle global trades more quickly, reduce operational IT costs, lower risk exposure and better integrate customer relationship management and back-office systems." iWay Software provides a set of Intelligent Adapters and connectors for the financial services industry including FIX, GSTPA, ISO 15022, MQSeries, SWIFT, TIBCO. Some 140 other intelligent adapters provide integration with databases, mainframe systems and other back-office applications such as CICS, DB2, Oracle, SAP, Sybase and Tuxedo. CRM application adapters include Oracle 11i CRM, PeopleSoft8 CRM, mySAP.com and Siebel. XTS combines XML Global's GoXML(tm) Transform, a patented transformation engine for dynamic exchange of XML, EDI, and other data formats, with iWay Intelligent Adapters and other iWay XML technologies. The resulting product is a lightweight, low-cost integration solution that enables businesses to link B2B or application systems together in real time, using XML for message transport and enhancement between systems. Unlike many other message broker solutions, the iWay/XML Global solution spans EAI and B2B based on emerging Internet standards, including ebXML and Web Services. This provides an integrated solution for business processing across a firm's boundaries and for integration of internal systems. XTS's easy-to-use Transformation Workbench enables implementers, with virtually no integration experience, to create the sophisticated message transformations necessary to enable systems to collaborate through iWay's adapters without custom code, Java(tm) Components, or proprietary scripting languages. It masks the complexity of back-end systems, allowing Business Analysts and Systems Integrators to access the extensive information assets contained in more than 140 applications and data sources on 35 platforms. "One of the greatest challenges for the financial services industry today is finding transformation technologies that will cost-effectively add value to a firm's information assets and their financial processes," said Gordon Ebanks, Executive Vice President of XML Global. "The combined iWay/XML Global solution will give the financial services industry a one-stop solution to this problem, allowing them to leverage their information assets in a wide variety of Web-based applications." The iWay/XML Global solution recognizes that Web Services will fundamentally shift the economics of e-business integration as organizations can now create reusable services and more flexible applications. Utilizing ebXML standards, and specifically the GoXML(tm) Central registry product, organizations can make these services available through standard Internet protocols. About iWay Software ------------------- iWay Software, an Information Builders company, is a market leader in middleware that accelerates business integration. With facilities to integrate systems in real time, near real time, or on a scheduled basis, iWay provides a complete reusable infrastructure for EAI, B2B, e-commerce, and mobile business. iWay's experience with complex information systems led to the development of prepackaged Intelligent Adapters to connect to over 140 packaged applications, transaction systems, legacy data, relational databases, and e-business formats, without writing custom code. IWay Software integration solutions significantly reduce the time, cost, effort, and risk of integration projects throughout the enterprise. For more information about iWay software, visit www.iWaysoftware.com About XML Global Technologies, Inc. ----------------------------------- XML Global Technologies, Inc. is an XML middleware company focused on providing a methodical approach to the adoption of XML-based solutions. The Company's GoXML(tm) Transform product line provides a family of three complementary solutions based on a patented XML-centric data transformation engine: Foundation includes mapping capabilities, automatic document recognition, EDI (electronic data interchange) transaction support, and a native XML repository. Server extends Foundation's capabilities with workflow control. It provides connectors to backend systems, queuing, scheduling, and recovery and offers plug-ins for IBM's MQSeries. Central broadens the capabilities of transformation solutions to Web service environments and allows them to integrate metadata registries. The GoXML(tm) Transform product line allows a controlled transition to XML by offering modular and open systems solutions that complement existing applications and infrastructure. The Company is an active member of the ebXML, UDDI, OAG and OASIS standards initiatives. Founded in May 1999, XML Global has its US headquarters in New York, NY, and a research and development office in Vancouver, BC. To find out more about XML Global Technologies (OBB: XMLG), visit our website at www.xmlglobal.com Press Contacts: Jon Stotts iWay Software (917) 339-5442 jon_stotts@ibi.com Anthony Dutton XML Global Technologies (604) 717-1100 ext.112 anthony.dutton@xmlglobal.com
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