Volante Technologies and MuleSource Promote
Open Source Alternative to Proprietary Integration in Financial Services
Financial services
data management vendor offers support for Mule, the leading open source ESB and
integration platform that’s rapidly displacing expensive proprietary messaging
frameworks
NEW YORK, NY and San
Francisco, CA, December 11, 2006 – Volante Technologies, Inc. (www.volantetech.com) the leading
provider of platform-independent data management and messaging solutions for
the financial services industry, today announced a partnership with MuleSource
(www.mulesource.com), the official
support and services organization backing Mule.
Mule (http://mule.mulesource.org)
is the leading open source Enterprise Service Bus (ESB) and integration
platform, with hundreds of mission-critical production installations worldwide,
including several of the Fortune 50, and more than 200,000 downloads since
2005. Financial services organizations are
increasingly running Mule as the messaging backbone for high-volume trade
processing, and experiencing performance that rivals multi-million dollar
proprietary alternatives at a fraction of the cost.
Volante provides a high performance platform-agnostic
product suite that gives customers open and flexible solutions to conquer the
challenges of data integration in SOA environments. In financial services, SOA
migration requires exposing previously siloed, monolithic applications as
services for re-use across legacy infrastructure (even resident mainframe
applications). Volante supports the
broadest range of structured and unstructured data, messaging technologies and
formats, offering a painless migration path to SOA and making it easier for
financial firms to comply with regulatory and compliance reporting
requirements.
“We are watching Mule and open source rapidly steal market
share from the proprietary integration technologies in the financial services
industry,” said Vijay Oddiraju, Founder & CEO, Volante Technologies. “Together we are giving financial
institutions one more way to increase shareholder value. They will now be able
to bring revenue generating products to the market in a more timely fashion and
at a much lower cost than with expensive and cumbersome proprietary middleware
solutions.”
The Mule integration platform is highly complimentary with
Volante’s family of platform-agnostic data management and messaging
solutions. Under the terms of the
partnership, MuleSource and Volante will jointly sell their solutions to
financial services industry customers starting in Q1 of 2007.
“In the financial services and risk management world,
there are almost an infinite amount of rich data feeds,” said Dave Rosenberg,
CEO of MuleSource. “From market data to
internal portfolio data, to external credit data, to trading subsystems – you
see some unbelievably complex messaging frameworks. As Mule usage in financial services becomes
ubiquitous, we’re very excited to partner with Volante, one of the market
leaders in data management, and to jointly address customers’ integration needs
with compelling open source solutions.”
About Volante
Volante Technologies, Inc., provides platform-independent
enterprise data management and messaging solutions for the financial services
industry. Volante’s proven data management solutions support the broadest range
of structured and unstructured data, messaging technologies and XML-based
financial industry formats including FpML. The company’s products, which are
running some of the most demanding applications on Wall Street, support high
performance & low latency requirements, complex message management,
exception management, trade & order repair and message flow control.
Volante solutions run on open-source platforms as an alternative to proprietary
message brokers or application servers, and are deployed in Service-Oriented
Architectures (SOA). Volante was recently named “Most Innovative Financial
Messaging Solution” by Financial-i magazine. The company is SWIFT certified.
Volante’s customers include both large and mid-tier
financial institutions for both the buy side and sell side communities,
including Brown Brothers Harriman, The Municipal Securities Rulemaking Board,
and ICI/ADP to name a few. Current partners include GoldenSource, Microsoft and
IBM. For more information please visit our web site at www.volantetech.com.
About MuleSource
MuleSource
is the leading provider of open source infrastructure and integration software.
Founded by the creators of the Mule project (http://mule.mulesource.org), the
world's most reliable and widely-used open source ESB and integration platform,
MuleSource delivers enterprise-class support and services to the hundreds of
organizations that have downloaded the open source project worldwide. Founded
in 2006 and backed by investors Hummer Winblad Venture Partners and
Morgenthaler Ventures, MuleSource is headquartered in
MuleSource Contact
Travis
Van
415.515.9812
Volante Technologies Contact:
Steph
Johnson
steph@stephjohnson.com
Tel:
+1-212-410-2254
Product and company names herein may be the property of
their respective owners.