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."
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 San Francisco.
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.
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