AZDEX and IMETA to provide securities repository
Atlanta, Georgia, 13th October 2004
Atlanta, Georgia, 13th October 2004: Reference data provider CB.Net Ltd has today announced an alliance with counterparty data service provider Azdex Ltd and software supplier iMeta Technologies Ltd to create and implement the industry's definitive international securities directory.
This trilateral alliance has formed in response to the market's demand for accurate reference data in enabling STP for securities transactions and compliance requirements. CB.Net, Azdex and iMeta will be working together to provide this central repository of counter-party information. The initial offering will include the details of over 200,000 entities.The project combines CB.Net's operational data expertise and market reach, Azdex's industry corroborated counterparty data and iMeta's technical platform, to build the definitive international securities directory.
Ian Dunning, managing director at CB.Net says, "Working together on the repository as a team means that we can collectively offer best of breed in each of our areas of expertise and bring this to the market a lot quicker than if one of us had embarked on this as a solo project. I look forward to presenting the end result to the market."
Ken Price, CEO of Azdex says, "This alliance provides another opportunity for the industry to leverage the growing repository of Azdex counterparty data. We'll be working together to provide a one-stop resource to the market".
Dr. Adrian Roe, managing director of iMeta commented "iMeta has long experience of providing highly scalable, highly available software solutions and more recently experience in providing counterparty data management solutions to the securities industry. We are very excited by the opportunity to work with CB.Net and Azdex in bringing this solution to the industry."
Combining and focusing their individual strengths, the companies ensure a timely & cost effective solution. Following proof of concept, the prototype functionality will be tested by market participants. General availability and release is scheduled to be available early in 2005.
About iMeta
iMeta is a successful software house that builds complex business solutions in financial systems, management information, business intelligence, retail, CRM and all aspects of the web.
Our systems provide:
- Extensive data management capability
- Total front-end flexibility
- Proven security
- Functional breadth
- Scalability from single box through to massive server farms
- The flexibility to evolve with customers needsOur systems provide:
- Extensive data management capability
- Total front-end flexibility
- Proven security
- Functional breadth
- Scalability from single box through to massive server farms
- The flexibility to evolve with customers needs
This is combined with outstanding project management and technical consulting skills, based on successful project experience going back over a decade. The management team has an exemplary record of prudent and successful management of fast-growth companies within the IT sector. They have a history of delivering complex business systems, with an emphasis on high quality deliveries � on time and to budget.
iMeta is the author of the metaCore family of products, successfully used in a range of verticals, from content management through ERP and online banking.
iMeta's recently developed metaSSI product helps financial institutions manage a range of counter-party data with specific emphasis on reducing the cost and risk associated with the management of client standing settlement instructions.
About Azdex
Azdex Limited is the world's first specialist exchange of business entity data. The staff at Azdex include experts from the technology, process management and data analysis arenas.
Our goals as a firm are to provide service that is:
- Pragmatic: We deliver value in a way that can be realized without unrealistic changes required in your business processes, technology or staffing
- Immediate: There is no implementation project required. Provide your data and receive feedback in days.
- Highly efficient: We focus on your priorities with the optimum balance of experienced personnel, solid technology and robust business process.
- Right: There is no point in being wrong. If we are, we'll acknowledge it and fix it, fast.
