Press Coverage
The Inexorable March Toward Pervasive BI
Business intelligence will become pervasive. You can rest assured of that. The big question is: Who will get there first? Over the next few years, the answer will manifest itself in a list of the top-performing enterprises worldwide. So, what can your organization do to lead the way? Tune into this episode of DM Radio to find out! We'll speak with BI industry guru Mark Smith, CEO of Ventana Research, Dr. Larry Harris of Progress EasyAsk, Sami Akbay of GoldenGate Software, and Robert Abate of RCG IT about the ways that organizations can greatly improve their use of information systems.
Testing Year Ahead for IT Bosses
"Alan Cane asks CIOs and others about the priorities for 2009 as IT budgets come under pressure and more is demanded of corporate technology."
Firms Look to CIOs to Drive Efficiencies
"Organizations will increasingly look to their chief information officers (CIOs) over the next year to help cut costs and improve efficiencies, according to new research from application infrastructure firm Progress Software."
Governance for .NET SOA Frameworks
Among the companies that will add SOA governance to MSE are AmberPoint Inc., Progress Software Corp. and SOA Software Inc., suppliers of tools for building governance around SOAs. SOA Software is the most recent to expand its relationship with Microsoft by certifying MSE as a Governed Service Platform for .NET Framework.
Leveraging SOA Management for Competitive Advantage
SOA management is part of SOA governance. SOA infrastructure turns monolithic applications and silo business functions into distributed services. The increased flexibility and agility adds complexity to security and access control.
M&As on the Fast Track
Colleen Smith, managing director of software-as-a-service initiatives with business application infrastructure software provider Progress Software (Bedford, Mass.), also emphasizes the business side as the key decision maker in any kind of merger-related activity. In fact, she says, it is during mergers that the degree to which a bank's business and IT sides are aligned really makes a difference. "The typical disconnect between business and IT can move more to the forefront during a merger," Smith explains. "Look at what the business requirements are and what will be required going forward as you make these decisions. The challenge for the [surviving] CIO is to present the IT strategy from a business point of view."
Finance Tech SaaS First State Bank Discusses Its M&A Experience
One bank willing to discuss its merger and acquisition activity is First State Bank. The Lincoln, Neb.-based institution tripled its assets to $246 million when it was acquired in 2004, along with Bank of Yutan (Yutan, Neb.), by bank holding company Wilber Co., the parent of Saline State Bank. Although First State is relatively small, it still faced many of the same issues as large banks when trying to mesh IT and people.
Processing Complex Events
In this IT Link podcast hosted by Mike Vizard, Dr. John Bates, the managing director of the Apama division of Progress Software, talks about how the rise of complex event processing is changing the way corporations go about application development in the enterprise.
Progress Apama CEP Powers RealTime Trading for CQG
Progress Software Corp. has announced that CQG, a charting, analytics, and trade routing platform for global futures markets, will use its Apama complexevent processing CEP platform to deliver advanced execution capabilities to traders.
Time to Rein In Algorithms?
While trading algorithms are regularly praised for their speed and efficiency, a growing contingent of professional traders, financial engineers, consultants and academics say they are being misused, or are faulty from the start. Their answer? Establish best practices and increase training to keep algorithms from doing more damage than good.
SOA Doesn't Need to be Expensive
It's a common misconception that SOA is expensive. Many organizations believe that they need to acquire a boat-load of new products and technologies to get started with SOA. First on the list of product acquisitions is an ESB, followed by registries, repositories, and security appliances. In these belt-tightening times, many SOA initiatives will be challenged to raise the funding required to acquire these products. So what's a team to do? Pack up and wait for better times? Or make do with what you have?
Progress Software key player in Big Bang experiement
Progress and SonicMQ played a key role when recording data at CERN.
Italian Exchange Will Offer Hosted Apama Technology
As competition heats up in the European equities market, Borsa Italiana’s technology arm has signed an agreement with the Apama division of Progress Software Corp. to provide its customers with smart-order routing and algorithmic trading capabilities.
Progress Apama Teams with LSE’s BIt Systems to Offer Hosted Trading Solutions
Progress Software’s Apama group has teamed up with BIt Systems, the exchange systems provider acquired by the London Stock Exchange as part of its takeover of Borsa Italiana, to offer a range of hosted complex event processing (CEP) capabilities, such as algorithmic trading and smart order routing.
Progress and BIt Systems Partner on Hosted Trading Offering
Co-operation between Progress Software and BIt Systems - Borsa Italiana's IT company - will allow BIt Systems ASP community to enter remote access to Apama CEP services and give it the ability and means to develop its own algorithms with low latency connectivity to Borsa Italiana and other global venues, without the additional cost of developing a platform from scratch, said Progress Software.
Progress expands OpenEdge development platform
Progress Software Corporation introduces version 10.2A Progress OpenEdge application development platform. The new version offers users and application partners new opportunities gui (graphical user interface). This is a Microsoft. NET-based gui directly into the OpenEdge development platform, with no training or knowledge of. NET.
What is New in JDBC 4.0
In the ongoing rush toward services, some traditional types of connectivity can get overlooked. Take for example data base drivers. They can be important elements in a enterprise architecture, as many developers have learned when they have taken them for granted, and consequently incurred performance penalties, or worse.
Dos and Don'ts of SOA Data Access
Memo to enterprises moving toward service oriented architecture (SOA) as a way to slash costs. You're going about it the wrong way, some software experts claimed today.
"Today, SOA (define) data access is layered on top of traditional data APIs (application programming interfaces)" such as embedded SQL," said Rob Steward, vice president of research and development at Progress Software's DataDirect Technologies division.
Object-Oriented Database Manages Huge Space Images
The German Aerospace Center uses ObjectStore PSE Pro within its Data Information and Management System (DIMS) application. The German earth observation satellite mission TerraSAR-X added new demands on the DIMS application. There was a significant increase in business information associated with TerraSAR-X requiring the DIMS to cope with up to 500 user orders for existing products and future acquisitions per day.
The Trade Asia
BOC International Holdings (BOCI), the investment banking arm of Bank of China, has struck a deal with technology firm Progress Apama to strengthen its algorithmic trading capabilities. By using the Progress Apama Algorithmic Trading Platform, BOCI will be able to build its own algorithms for trading across multiple exchanges. According to Progress Apama, the ability to develop customized trading strategies will optimize BOCI's market execution and therefore increase its profitability.
Real-time Insight into Payments
Complex event processing gives banks and corporates real-time visibility of their payment processes which is an important requirement in the quickly changing payments landscape. Article is attributed to Dr. Giles Nelosn.
Software facilitates the development of B2B software
Progress Software now delivers 10.2A version of its business application development platform from OpenEdge. The new version is the graphical user interface from Microsoft. NET support and an interface to the Progress Sonic ESB offer. OpenEdge developers will be even easier with their applications, SOA (Service Oriented Architecture) can create.
Total World Domination - Will SOA Take Over the World? (SOA feature)
Services are a modern way of looking at application functionality, says Progress Software SA MD Rick Parry. "When one views application functionality as a service, you realize that's what application functionality does – it's there to deliver service. The biggest inhibiting factor {to SOA} getting people to recognize and understand the concept of service."
NYSE To Add Portware Technology to Hosted Platform
Execution management systems provider Portware's solutions will be made available on a hosted basis to firms on the Secure Financial Transaction Infrastructure (SFTI) network, said NYSE Euronext's commercial technology division last week.
Progress Software: Event Processing helps with the risk management.
In today's competitive trading world, financial institutions feel the mounting need for technology that aids their unique trading style. The continually shifting landscape means both buy-side and sell-side firms need to adapt to the effects of change. Sell-side institutions are exploring ways to augment the talents of their traders and optimise their client services, while buy-side firms are persistent in their endeavour to control their trading strategies and to hide them from the competition. Algorithmic trading has played a significant part in this.
