BEA And MINT Announce Alliance and Reseller Agreement to Bring Together Two Global Leaders in Middleware Solutions.HELSINKI, Finland--(BUSINESS WIRE)--Sept. 21, 1998-- Agreement for BEA BEA - Basic programming Environment for interactive-graphical Applications, from Siemens-Nixdorf. to Incorporate and Resell MINT's Intelligent Middleware Solution to Facilitate 'Straight Through Processing' for Financial Institutions BEA Systems BEA Systems, Inc. (NASDAQ: BEAS) is one of the major companies developing enterprise infrastructure software. BEA makes middleware, products that help software run on top of databases. Inc. (Nasdaq:BEAS), a market leader in distributed mission-critical middleware solutions for the world's largest enterprises, today announced an alliance with MINT Communication Systems Inc. (Nasdaq:OSHSF), a global leader in the development of intelligent financial middleware. The alliance provides for BEA to resell MINT's financial middleware solution to integrate diverse applications, systems, networks, and protocols within financial institutions worldwide, facilitating straight through processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. , as well as other complex financial application integration. The agreement provides for BEA and MINT to work together to build an adapter for BEA TUXEDO A TP monitor from BEA Systems, Inc., San Jose, CA (www.beasys.com) that runs on a variety of Unix-based computers. Originally developed by AT&T and sold as source code, Novell acquired it, enhanced it and offered it as shrink-wrapped software for various Unix servers. (R) to enable MINT's messaging transformation frameworks and message libraries to communicate with BEA TUXEDO and provide financial protocol messaging transformation for financial customers. "Enterprise 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. customers demand not only the integration of core legacy applications, but the flexibility to create new products and solutions to quickly meet customer demand," said Fred Crary, vice president and general manager of worldwide vertical markets sales. "The alliance provides for BEA and MINT to provide the interface to legacy applications with robust transactional technology, applications integration services, as well as industry-leading data transformation solutions that give enterprise financial customers a superior solution." "Our partnership with BEA is important to providing market opportunities for MINT," said Hagay Shefi, president of MINT Communications Systems Inc. "MINT's products and applications point to the increased importance of intelligent financial middleware as organizations communicate vast amounts of data globally among disparate systems. This alliance calls for MINT and BEA to combine their technologies to provide a powerful middleware solution for integrated financial transactions." An integrated financial middleware solution will better enable financial institutions to achieve a high level of paperless operation, eliminating the need to re-key transaction details throughout the life cycle of trades (from inception through settlement), referred to as straight through processing. BEA and MINT offer technologies that provide a tested, proven infrastructure for distributed mission-critical applications, preserve the value of investments in legacy systems and skills, enable interoperability across a broad range of platforms, and create the ideal backbone for external communications and for legacy platform integration. BEA/MINT Synergies BEA and MINT bring complementary product and market strengths to this relationship. BEA's middleware products help enable customers to smoothly integrate applications within dynamic, heterogeneous, mission-critical environments. MINT complements BEA's middleware platform as it provides the ability to automatically transform data into financial message formats, without any human intervention. MINT connects the majority of industry clearing and settlement messaging systems, content-based message routing, and an integrated Financial KnowledgeBase and Rule-Manager environment that allows users to define business rules for managing interactions between applications and enhanced functionality to define formats, transformations, validation, flow, and distribution needs. BEA TUXEDO complements MINT by providing a high level of data integrity and a robust, transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. middleware platform. In real-time applications, this benefit is further emphasized by BEA TUXEDO's rich transactional and mission-critical abilities. MINT, an intelligent message broker that integrates diverse applications, systems, network, and protocols within financial institutions, provides two-way communication Two-way communication is a form of transmission in which both parties involved transmit information. Common forms of two-way communication are:
ISITC International Securities Association for Institutional Trade Communications , CREST, CHAPS, BACS BACS Bankers Automated Clearing System BACS Banks Automated Clearing System BACS British Association for Canadian Studies BACS British Association for Chemical Specialities BACS Bachelor of Arts Community Studies BACS Bachelor of Administrative and Commercial Studies , SIC, SECOM SECOM Secure Communications SECOM Software Engineering Cost Model SECOM Smart Enterprise Common Object Model and others. Both BEA and MINT have a strong customer presence in the financial market, and BEA also has an established presence in telecommunications and government, as well as a wide variety of customers throughout the Global 5000. This agreement provides for BEA and MINT to jointly offer professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , consulting, and partner programs. BEA and MINT Bring Internal and External Worlds Together The BEA middleware framework provides a proven infrastructure for distributed mission-critical applications. MINT's widely deployed robust messaging solution for financial institutions complements BEA's solution by: -0- -- acting as an integrated gateway server for multiple external networks on a single platform for the entire organization -- integrating financial objects through its KnowledgeBase platform -- acting as an advanced Transformation server -- formatting, mapping, and validating messages traveling between in-house applications and to/from external networks -- acting as the message flow controller for all information streaming through the organization internally and externally, and -- performing content-based message routing to multiple destinations -0- Complete Solutions for the Financial Services Sector Within the financial services industry, intelligent financial middleware and the ability to communicate vast amounts of data globally between disparate systems has become increasingly important to competitive information technology solutions. The alliance provides for the development of a MINT adapter for BEA TUXEDO to help enable the smooth implementation of data transformation and straight through processing, and provide messaging transformation of complex formats to help enable new levels of connectivity and integration for mission-critical, enterprise financial services companies. MINT Communication Systems MINT is a subsidiary of OSHAP Technologies Ltd., a software group whose shares are traded on Nasdaq/NMS:OSHSF. The company's intelligent middleware products are used by major financial institutions for seamless connectivity among various computer networks and in-house applications to assure that messages with diverse formats and protocols are delivered, regardless of their origin or destination. MINT has more than 100 installations worldwide. The company's clients include: Bankers Trust The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. It was originally set up when banks could not perform trust company services. , Banque Nationale Banque Nationale (French: "National bank") may refer to:
 To comply with Wikipedia's , the introduction of this article needs a complete rewrite. , NatWest Markets, Societe Generale, Thomas
Cook For the company, see Thomas Cook AG.Thomas Cook (22 November 1808 – 18 July 1892) of Melbourne, Derbyshire, founded the travel agency that is now Thomas Cook AG. He was brought up as a strict Baptist and joined his local Temperance Society. and TIR TIR International Road Transport [French Transports Internationaux Routiers] Securities. MINT has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , London, Zurich and Israel, and enjoys relationships with leading software distributors in the Far East. For more information on MINT, visit the company's Web site at http://www.mintech.com. BEA Systems Inc. BEA Systems Inc. is a leading provider of cross-platform middleware solutions for enterprise applications. BEA's products and services enable mission-critical, distributed applications that work seamlessly in client/server, Internet, and legacy environments. BEA provides transactional, messaging, and distributed object-based software for developing and deploying these enterprise applications. In addition to its product line, BEA provides complete solutions through its extensive partner network, and a full range of services including consulting, training, and support. BEA's new world headquarters are located in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif., and the company has 50 offices in 24 countries around the globe. The company's common stock trades on the Nasdaq National Market under the symbol "BEAS." Additional information on BEA is available on the Internet at http://www.beasys.com. Note to Editors: BEA and TUXEDO are registered trademarks of BEA Systems Inc. All other company and product names mentioned are the property of their respective owners. |
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