Credit Suisse First Boston Chooses WorldStreet Net To Deliver Next-Generation Communications Capabilities.Business/Technology Editors BOSTON--(BUSINESS WIRE)--June 18, 2001 Wall Street Firm Chooses Leading Peer Network To Enhance Communication with Buy-side Clients WorldStreet Corporation, the leading developer of Internet-based peer network solutions for the financial industry, today announced that Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. has licensed its WorldStreet Net(TM) communications infrastructure. Credit Suisse First Boston is using WorldStreet Net as a new system that promotes relevant communication with the firm's external buy-side clients. WorldStreet Net is an infrastructure solution for relationship-based communications. It enables users to manage and automate their communication with others - including colleagues, partners, clients, and suppliers - based on the specific nature of their relationships with these individuals. WorldStreet Net intelligently connects users so that they can share and collaborate on relevant, personalized information in real time with their valued contacts. WorldStreet Net provides a single, integrated, and secure communications channel Also called a "circuit" or "line," it is a pathway over which data are transferred between remote devices. It may refer to the entire physical medium, such as a telephone line, optical fiber, coaxial cable or twisted wire pair, or, it may refer to one of several carrier frequencies for efficient internal and external collaboration regardless of the systems, applications, and devices used by individual members. It brings powerful peer network capabilities to e-commerce initiatives, integrating people, products, and processes in rich on-line interactions that reduce costs and improve operational efficiencies. Credit Suisse First Boston will initially roll out the new infrastructure to selected financial professionals, research analysts, and sales staff in its equity department. "We selected WorldStreet Net because it provides us with next-generation communications capabilities that will enable us to significantly improve the service and value we deliver to our clients, which is part of our overall strategy to provide our clients with the highest quality of service," said Al Jackson, global director of Equity Research for Credit Suisse First Boston. "WorldStreet Net enables us to directly provide the most relevant information to our clients in real time, into the applications and systems our clients use every day. This service enhances our client services -- always the primary goal of our Firm -- while also improving operational efficiencies." "I am absolutely delighted that CSFB CSFB Credit Suisse First Boston CSFB Cyclically Shifted Filter Bank has chosen WorldStreet Net as a means to communicate more efficiently and effectively with their clients," said Bruce Fador, WorldStreet's 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. and president. "With their participation, CSFB will be critical in shaping the way the institutional investment community will communicate in the future. We believe that by allowing CSFB to provide its clients with relevant, targeted information, it will improve client relationships and provide CSFB with a distinct competitive advantage." In most consumer P2P See peer-to-peer and point-to-point. applications, unidentified individuals download new applications to browse the hard drives of others - who must have the same application - in ad hoc For this purpose. Meaning "to this" in Latin, it refers to dealing with special situations as they occur rather than functions that are repeated on a regular basis. See ad hoc query and ad hoc mode. and non-secure efforts to `share' intellectual property. With WorldStreet Net, users are authenticated and certified as financial professionals. Based on mutually established relationships, they share relevant and structured information internally or externally with individuals who are both interested and entitled to receive the information. With WorldStreet Net integrated directly into the applications and devices they use every day, users are actively notified when they receive important information from their valued business contacts. For sell-side information providers, WorldStreet Net offers an efficient way to provide higher quality client services at lower costs. For buy-side information consumers, it provides faster access to more relevant information from important business contacts. About WorldStreet Corporation Headquartered in Boston, WorldStreet Corporation is a leading developer of communications infrastructure technologies. The Company's mission is to build infrastructure services that help organizations leverage their business relationships to drive more effective e-commerce initiatives. The Company's flagship product 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. , WorldStreet Net, provides relationship-based communications capabilities that enhance internal and external collaboration. WorldStreet products are architected on open, industry standard technologies, such as eXtensible Markup Language See XML. (language, text) Extensible Markup Language - (XML) An initiative from the W3C defining an "extremely simple" dialect of SGML suitable for use on the World-Wide Web. http://w3.org/XML/. (XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. ), Simple Object Access Protocol (protocol) Simple Object Access Protocol - (SOAP) A minimal set of conventions for invoking code using XML over HTTP. DevelopMentor, Microsoft Corporation, and UserLand Software submitted SOAP to the IETF as an internal draft in December 1999. Latest version: SOAP 1. (SOAP) and Component Object Model (COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. ). WorldStreet's customers, investors, and partners include many of the world's leading 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. firms. More information is available on the Company's Website at www.worldstreet.com. About Credit Suisse First Boston Credit Suisse First Boston (CSFB) is a leading global investment bank serving institutional, corporate, government and individual clients. CSFB's businesses include securities underwriting, sales and trading, investment banking, private equity, financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , investment research, venture capital, correspondent brokerage services and retail online brokerage services. It operates in over 97 locations across more than 37 countries on 6 continents, and has some 28,000 staff worldwide. The Firm is a business unit of the Zurich based Credit Suisse Group, a leading global financial services company. |
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