CrossWeave and Idea Integration Partner to Provide Enterprise Solutions for Financial Institutions.Business Editors/High Tech Writers OAKLAND, Calif. and FAIRFAX, Va.--(BUSINESS WIRE)--April 2, 2002 Alliance Provides 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 with Complete Solution for Building Composite Applications In computing, the term composite application expresses a perspective of software engineering that defines an application built by combining multiple services. People often compare composite applications to mashups. that Repurpose To change the media format; for example, to go from print to online. and Integrate Existing Application Assets CrossWeave, Inc., provider of enterprise software that enables companies to build and manage composite applications, and Idea Integration, the e-business integration unit of Modis Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. (MPS), today announced a partnership to provide a targeted solution for financial services companies to realize the maximum potential from their application assets. Industry experts recognize that financial institutions are facing new challenges as they build user and customer-facing composite applications such as treasury management and buy-side applications that must leverage existing applications from inside and outside the organization. "Financial institutions who are able to effectively combine disparate applications in a manner that delivers enhanced functionality and increased customer satisfaction will have a decided advantage in the marketplace," said Pamela Brewster of Celent Communications, a leading financial services research and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . "CrossWeave is helping financial institutions gain such an advantage in a cost-effective manner." CrossWeave's Composite Application Platform enables enterprises to reuse reuse - Using code developed for one application program in another application. Traditionally achieved using program libraries. Object-oriented programming offers reusability of code via its techniques of inheritance and genericity. , repurpose and combine existing applications to create new, composite applications. For example, a financial services company such as a bank could combine a credit scoring Credit scoring A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness. system with a mortgage application to create a new, more streamlined application. Composite applications can optimize user tasks and interactions with applications inside and outside the enterprise - resulting in increased user productivity and fewer errors. CrossWeave's platform is completely non-intrusive, avoiding the expense and delay of joint development, testing, and deployment encountered when companies modifying multiple applications. "The combination of our non-intrusive platform with the talent and experience from Idea Integration provides a complete solution for our financial services customers," said Kevin Tsurutome, VP of Product Management at CrossWeave. "Partnering with systems integrators and best of breed independent software vendors is a critical strategy at CrossWeave, and our partnership with Idea Integration allows us to provide a broad, cost-effective solution for our customers." "CrossWeave's platform enables our clients to rapidly combine and integrate those internal and external enterprise application components that are most useful and productive for end users and customers," said Tammie Pearson, Managing Director at Idea Integration in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . "The synergy we have with CrossWeave in offering an exceptional solution that supports smart ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). to clients - it's compelling and we are excited about furthering our relationship with CrossWeave." About CrossWeave CrossWeave provides an innovative Internet infrastructure software platform that automates e-business interactions by combining the best parts of web-enabled applications from all points across the extended enterprise. CrossWeave's Composite Application Platform (CAP) enables organizations to combine, repurpose, deploy and manage multiple Web-accessible applications quickly and reliably into a single interactive application. It is non-intrusive and eliminates the need for joint development and application modification thus substantially decreasing deploying time and cost. The company is privately held with venture funding from Sutter Hill Ventures, Norwest Venture Partners, and Redpoint Ventures. CrossWeave is based in Oakland, California “Oakland” redirects here. For other uses, see Oakland (disambiguation). Oakland (IPA: /ˈoʊklənd/), founded in 1852, is the eighth-largest city in the U.S. and is found on the Web at http://www.crossweave.com/ or by phone at 510-986-5444. About Idea Integration(R) Idea Integration(R) is an e-business integration solutions provider serving Fortune 1000 companies and middle-market clients. Specializing in strategy consulting, creative services Creative Services are a subsector of the creative industries, a part of the economy that creates wealth by offering creativity for hire to other businesses. Examples include:
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