PRESS RELEASE Contact Information Raining
Data Corporation Investor/Financial
Contact: Marketing/Press
Contact: Raining
Data Launches Packaged Support for
SIA TECHNOLOGY MANAGEMENT CONFERENCE, NEW YORK, NY
The TigerLogic XDMS includes patent-pending XML processing and storage technology that significantly boosts the performance and efficiency of data architectures by moving commonly requested data to the mid-tier – between front-end Web clients and back-end operational systems – where it is closer and easier to access for information-hungry Web and XML-enabled applications. According to a recent report from XML market research firm ZapThink, LLC (“High Performance Information Aggregation Using XML-Based Operational Data Servers: Empowering Flexible Data Aggregation in the Financial Services Markets”, available at www.rainingdata.com/zapthink/index.html), this functionality is important for financial services firms which increasingly leverage the power of XML throughout their enterprise information sharing infrastructures. "Financial Services Providers are essentially information-based businesses: their primary asset is the information they store and share," said Ron Schmelzer, senior analyst at ZapThink LLC. "FSPs are struggling today with finding the most agile and cost-effective means to integrate and aggregate information from a wide range of unstructured and semi-structured enterprise data sources. Today's integration solutions are either targeted at structured sources of information such as databases, or are too rigid and expensive to handle enterprise information aggregation needs. A single integration architecture or approach is not sufficient to guarantee interoperability among businesses and systems. In order to facilitate interoperability, Financial Services XML standards are needed to guarantee inter-organizational information exchange, enabling trading desk and customer care professionals to have the timely, relevant intelligence they require." There are several XML standards initiatives that have emerged as increasingly prevailing ways to encode and publish financial services-related information, including:
In addition, standards such as ISO 15022 XML have emerged to replace older standards for securities industry electronic messages, while Financial Products Markup Language (or fpML) provides a standard format for trading derivatives and other financial instruments electronically. By providing native support for these XML-based standards in the TigerLogic XDMS, Raining Data can substantially reduce the workload of financial institutions’ IT staff looking to take advantage of XML to do better, more streamlined electronic business. Mid-Tier
Operational Data Servers Improve Efficiency of FSP Infrastructures These are important innovations that can lead to financial savings, improved technology ROI and better IT efficiency, especially in financial services environments that are developing Web Services and composite applications. By reducing the data processing requirements of back-end systems, the TigerLogic XDMS minimizes the need for FSPs to over-provision capacity on the back-end – that is, buying more hardware, software and network resources than actually needed for daily operations. “Enterprise customers are now looking for ways to improve scalability and get more life out of their existing investments in IT infrastructure. This is the essence of TigerLogic XDMS, and why we feel it is a good fit for financial services firms, which boast the world’s most complex infrastructures and biggest integration challenges,” said Boris Geller, Vice President of Market Development for Raining Data. “By providing FSPs with packaged support for the most popular financial services XML standards, TigerLogic XDMS helps firms to tie their systems together and simplify access and sharing of electronic research information. That, combined with providing a fast path to XML-enabling an entire infrastructure, reduces costs generated by over-provisioning and creates a very attractive business value for our target customers.” Pricing
and Availability About
Raining Data The Raining Data customer installed base includes more than 500,000 active users, representing over 20,000 customer sites worldwide with a significant base of diverse vertical applications. With over 150 employees in four countries, the company has an extensive distribution channel, 24x7 customer support and a strong international presence. More information about Raining Data Corporation and its products can be found at www.rainingdata.com
Except for the historical facts contained herein, the foregoing release contains forward-looking statements regarding the use and market for mid-tier operational data servers and the ability for TigerLogic XDMS to reduce certain costs and to meet certain needs, including those of financial services providers. Actual results could differ materially from those expressed in any such forward-looking statements. These forward-looking statements are subject to risks and uncertainties, including but not limited to the market acceptance of TigerLogic XDMS and other products and updates, the success of the Company’s research and development efforts to develop new products, technical risks related to the Company’s products and updates and other risks and uncertainties. Please consult the various reports and documents filed by Raining Data Corporation with the U.S. Securities and Exchange Commission, including but not limited to the Company’s most recent reports on Form 10-KSB and Form 10-QSB. All forward-looking statements are made as of the date hereof and the Company disclaims any responsibility to update or revise any forward-looking statement provided in this release. Raining Data, Pick, D3, mvEnterprise, mvDesigner, mvBase, Omnis and Omnis Studio are registered trademarks and TigerLogic is a trademark of Raining Data Corporation. All other trademarks and registered trademarks are properties of their respective owners.
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