Aether Systems and Multex.com Announce Strategic Partnership for Wireless Distribution of Financial Research Services.Business Editors/Hi-Tech Writers OWINGS MILLS, Md. & NEW YORK--(BUSINESS WIRE)--Aug. 23, 2000 Aether Expands Breadth of Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. By Partnering with Multex.com Aether Systems, Inc. (Nasdaq: AETH), a leading provider of wireless data products and services, and Multex.com (Nasdaq: MLTX), today announced an agreement to develop, host and market Multex.com financial services via wireless devices. Multex.com, the Internet's leading financial e-marketplace connecting buyers and sellers of financial information, will market these new wireless services to its rapidly growing community of over 4 million users, including brokerage firms, investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. , corporations, and individual and institutional investors. Multex.com provides brokerage research, earnings estimates and company fundamental information covering more than 26,000 companies. As a result of the partnership announced today, Aether will extend Multex.com research and information to wireless devices with enhanced features including real-time quotes, charts and news. This comprehensive package of financial news and research information will be available initially on the Palm and RIM platforms with a launch targeted for the end of Q4 2000. Aether and Multex.com will jointly design and develop the wireless services with plans to allow Multex.com customers to access research and financial services across a variety of wireless platforms, including web-enabled phones, two-way pagers and additional PDAs. Multex.com will integrate its research information and applications within Aether's network operations center See NOC. Network Operations Center - (NOC) A location from which the operation of a network or internet is monitored. Additionally, this center usually serves as a clearinghouse for connectivity problems and efforts to resolve those problems. (NOC (Network Operations Center) A central or regional location for monitoring a large network. Also called a "network management center" (NMC), "service management center" (SMC) or "network control center" (NCC), a NOC may be used to manage a large enterprise network, ) and Aether will support and manage the data delivery for Multex.com wireless customers. Multex plans to offer these wireless services in all of its financial markets, including Multex.com's ASP Web hosting services group, Business-to-Business (B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business ) services group and Business-to-Consumer (B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. ) services group. "As the Internet's leading financial e-marketplace connecting buyers and sellers of financial services, Multex.com is excited about our new global partnership with Aether Systems. We are committed to providing the industry's leading wireless financial services to our millions of professional and individual users whenever and wherever they need it. In addition to providing ubiquitous access to brokerage research, earning estimates and other key financial information, we can now also offer our clients wireless platform independence. Aether was easily able to meet our requirements-- allowing us to deliver a superior wireless product," said James Tousignant, President of Multex.com. "Financial institutions have been quick to recognize the tremendous value of secure and reliable wireless access for their internal employees and their customers," said Aether Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dave S. Oros. "We are thrilled to partner with Multex.com and play a role in expanding Multex.com's leadership position in the financial services e-marketplace." About Multex Multex.com, Inc. (http://www.multex.com) is the Internet's leading financial e-marketplace connecting buyers and sellers of financial services. Multex.com is a global company that provides information and commerce enabling technology and infrastructure, application services See ASP and Web services. , Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. and online community services to the major financial marketplace participants: brokerage firms, investment banks, corporations, and individual and institutional investors. The company focuses on three core business areas: Business-to-Business (B2B), which provides real-time, Web-based financial applications and information to institutional investors and other financial institutions; Application Service Provider (ASP), which develops, hosts and operates Web sites and portals for financial institutions, enabling them to connect to their clients; and Business-to-Consumer (B2C), which provides financial applications and information to individual investors through a network of branded and affiliate Web sites. Multex.com serves this fast-growing and diverse marketplace through a number of industry leading brands, including: MultexNET,(R) a subscription/transaction based, real-time, online service providing financial information from more than 700 firms such as Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. , Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. and Robertson Stephens to more than 10,000 buy-side firms and nearly 35,000 subscribers; MultexEXPRESS,(SM) a Web-development and hosting business with more than 100 sites serving more than 2 million users; BuzzPower, industry leading e-community software; and Multex Investor,(SM) Sage Online and Market Guide, Multex.com's individual investor sites, which have attracted more than 2 million unique visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. . Multex.com has more than 500 information and distribution partners including: Reuters, Bloomberg, Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance , AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , Yahoo!, Quicken.com, CBS (Cell Broadcast Service) See cell broadcast. MarketWatch and CNNfn.com. About Aether Systems Aether Systems, Inc. is a leading provider of wireless and mobile data products and services allowing real-time communications and transactions across a full range of devices and networks. Using its engineering expertise, the ScoutWare(TM) family of products including the Aether Intelligent Messaging An earlier messaging system from Banyan Systems that ran on NetWare and VINES servers and incorporated Banyan's popular Streettalk directory service. It included a basic mail program, which could be upgraded to the more advanced BeyondMail system. See ePresence. (AIM) software platform, and its network operations and customer care center, Aether seeks to provide comprehensive, technology-independent wireless and mobile computing solutions. Aether develops and delivers wireless data services across a variety of industries and market segments in the United States and internationally. Additional information about Aether is available at www.aethersystems.com. This press release includes forward-looking statements based on our current expectations and projections about future events. These forward-looking statements are subject to a number of risks, uncertainties and assumptions about Aether and Multex.com that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, but are not limited to, the ability of Aether and Multex.com to develop the products described in this release and the market acceptance of such products should they be developed. These risks and other risk factors are described in Aether's and Multex.com's most recently filed prospectus with the Securities and Exchange Commission. Aether and Multex.com undertake no obligation to update the forward-looking statements contained in this press release. |
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