CSFB Streamlines Operations, Accelerates Product Delivery with New E-Business Platform
High Wycombe, UK - March 19, 2002 - BEA Systems, Inc. (Nasdaq: BEAS), the world's leading application infrastructure software company, announced that Credit Suisse First Boston (CSFB) has signed a multi-year, enterprise-license agreement with BEA, paving the way for CSFB to build a series of strategic applications on the BEA WebLogic E-Business Platform(. The initial applications will include an interactive research tool for institutional investors, a Web-based clearinghouse for fixed-income bond and derivative trading, and a customer-management system for CSFB's marketing and sales professionals.
CSFB, a global investment bank which operates in over 89 locations across more than 37 countries on six continents, selected BEA WebLogic as a company-wide standard for its rapidly expanding family of online services, which are designed to extend customer self-service capabilities while streamlining CSFB's back-end business operations. The decision to go with BEA was based on a number of criteria, including WebLogic's open, standards-based design, which gives CSFB the extreme flexibility and extensibility required for success in the highly competitive industry of financial services. CSFB also cited the ease and speed of application development on BEA WebLogic as a key factor in the decision.
"Technology can make a crucial difference in our ability to compete and win day-in and day-out," said G.T. Sweeney, chief technology officer at CSFB. "We evaluated BEA WebLogic, and several other application platforms, and we found WebLogic to be an ideal environment for our needs. We believe it will help us bring innovative products to our clients faster and more cost-effectively. And we expect it to help us maximise the benefits of the Web as a service-delivery platform and communications tool."
The CSFB applications under development on BEA WebLogic highlight the platform's open design as well as its exceptional scalability. The interactive research tool, for example, will have the capacity to maintain all time-series data for thousands of securities. This includes daily and intra-day trading prices on a rolling 52-week basis. The fixed-income trading clearinghouse is a messaging system with the flexibility to communicate with a broad range of database systems to ensure that all the information needed to settle transactions and move assets between accounts can happen as expeditiously as possible while maintaining absolute data integrity.
"Accelerated time to market is crucial in our industry, an area where WebLogic provides us with a competitive edge," said Jamie Jones, vice president, Global Web Services at CSFB. "BEA has done most of the 'heavy lifting,' allowing our application development teams to focus on their business requirements."
BEA Systems, Inc. (Nasdaq: BEAS) is the world's leading application infrastructure software company, with nearly 12,500 customers around the world, including the majority of the Fortune Global 500. BEA and its WebLogic(r) brand are among the most trusted names in business. Businesses built on the award-winning BEA WebLogic Enterprise Platform(tm) are reliable, highly scalable, and poised to bring new services to market quickly. BEA's platform is the de facto standard for more than 2,100 systems integrators, independent software vendors (ISVs) and application service providers (ASPs) to provide complete solutions that fast-track and future-proof businesses for high growth and profitability. Headquartered in San Jose, Calif., BEA has 93 offices in 34 countries and is on the Web at http://www.bea.com .
BEA, BEA Tuxedo, BEA WebLogic, BEA WebLogic Enterprise, BEA WebLogic Enterprise Platform, BEA WebLogic Server, BEA WebLogic Integration, BEA WebLogic Portal and BEA WebLogic Workshop are trademarks or registered trademarks of BEA Systems, Inc. All other company and product names may be trademarks of the company with which they are associated.
This press release was distributed by ResponseSource Press Release Wire on behalf of Golin in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.