Avesta Technologies announces partnership with NYNEX to provide Intranet/Extranet solutions for the financial industry.NEW YORK--(BUSINESS WIRE)--June 24, 1997--Avesta Technologies proudly announces its partnership with NYNEX NYNEX New York-New England & X for the Unknown (Telephone Company) NYNEX New York Network Exchange in an ongoing series of joint initiatives that will address the needs for closed user group Intranet/Extranet applications for the 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. industry. The first step in the initiative will include Avesta's flagship products A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. Niagara(TM) and Monsoon monsoon (mŏns  n) [Arab., mausium=season], wind that changes direction with change of season, notably in India and SE Asia. (TM). Avesta's Niagara(TM) is a subscriber based, event driven JAVA(TM) application ideally suited for Intranet/Extranet delivery of financial information, news, research, and messaging. Niagara(TM) leverages the latest advances in web technology to deliver customizable, real time information in a flexible and intuitive manner. It displays real time and historical information and analytics from various sources in a concise presentation format. Niagara is the first JAVA(TM) based solution that provides the same information management functionality as is typically found on high end trading workstations. NYNEX's Rangu Salgame, President of NYNEX Internetworking and Multimedia Solutions, said, "Avesta's expertise in event driven information systems that introduce `push' and JAVA technologies will help NYNEX to deliver value-added network-centric services for the financial community. "As part of this strategic partnership, Avesta Technologies will work closely with NYNEX to identify and build the application solutions designed to meet the needs of the financial industry marketplace." Avesta Technologies president 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. Kam Saifi said "Banks and brokerages have traditionally been on the leading edge of technology innovation and have been leaders in industry collaboration. In developing the first closed-user group extranet for the finance industry, this partnership is responding to pent-up demand for shared, delivered network solutions." Avesta Technologies is a rapidly growing, venture capital backed firm based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The firm was founded to deliver high performance, event driven information management solutions by technologists from the investment banking community with expertise in building and managing global trading systems The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. and networks. CONTACT: Avesta Technologies, Inc. Telephone: 212-285-1500 Fax: 212-285-1551 Home page: http://www.avestatech.com e-mail: solutions@avestatech.com For More Information Contact: Tom Crahen |
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