Teknekron announces online services version of its enterprise toolkit; new Quicken link to financial institutions uses Teknekron's software for Online application/service development and deployment.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--Sept. 14, 1995--Teknekron Software Systems Inc., a pioneer in next generation client-server software tools, today announced a new online services version of its Enterprise Toolkit(tm) (ETK ETK Embedded Toolkit ETK Ersatzteilkatalog (German: spare parts catalog) ETK Expected Time to Kill ETK Erdos - Turan - Koksma Inequality ETK Easy Tool Kit ETK Embedded Tool Kit )(tm) that includes enhanced technology for handling high levels of network traffic online and compatibility with industry standard public key encryption See public key cryptography. and authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. technology. Teknekron's ETK software is the basis of the new Intuit in·tu·it tr.v. in·tu·it·ed, in·tu·it·ing, in·tu·its Usage Problem To know intuitively. [Back-formation from intuition. Service linking Quicken users to their financial institutions (also announced today by Intuit). The ETK is platform-independent middleware that provides developers and service providers a simple, flexible framework for creating online applications. Scalable Middleware Provides Reliable Foundation For Quicken Users The Quicken link is the first system of its kind to use a distributed computing (1) The use of multiple computers networked throughout a wide geographical area, or the world via the Internet, in order to solve a single problem. See grid computing. (2) The use of multiple computers in an enterprise rather than one centralized system. model to bridge millions of PC users and dozens of financial service providers together in real time. Intuit selected Teknekron as its software partner to jointly propose, design and build the basic architecture, server components and Windows/Macintosh communications modules that enabled the connection to become a reality. "In evaluating the technology leaders who could help us fulfill our vision for online financial management, Teknekron was the obvious choice," said Steve Pelletier, vice president of Intuit's Automated 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. Group. "We selected Teknekron because of its scalable, industry-proven technology and extensive experience in the financial services sector. Together, Intuit and Teknekron are unleasing exciting new possibilities in online financial services for home computer users." "We're pleased to have been selected by Intuit to provide the critical link between Quicken users and a broad array of existing and future online services," said Vivek Ranadive, 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. of Teknekron Software Systems. "We share Intuit's vision to deliver innovation customer solutions through the deployment of proven financial services technology." Teknekron Software Benefits Wall Street and Mainstream PC Users A market leading vendor of communications software (communications, software) communications software - Application programs, operating system components, and probably firmware, forming part of a communication system. These different software components might be classified according to the functions within the Open Systems for the financial services industry, Teknekron created a special online services version of its ETK software to operate as an object request broker See ORB. (programming) Object Request Broker - (ORB) Part of the OMG CORBA specification, an ORB's basic function is to pass method invocation requests to the correct objects and return the results to the caller. (ORB) embedded Inserted into. See embedded system. in Quicken. Teknekron's ORB is more robust and flexible than current ORB offerings, enabling objects from multiple devices, written in various computer languages, and residing in different locations on a network to send requests and accept responses from one another. Via Quicken, the ORB receives users' transaction requests, encapsulates them as objects, transparently routes the objects online to the Teknekron server, then distributes the requests to systems at the appropriate financial institution or service provider. For example, when a Quicken customer uses a credit card identification system to request a bank statement, the request is sent via the ETK software and a bank statement is returned to the customer. As the request moves through the system, the ETK software reliably manages all associated real-time routing, including delivery of the request to the bank, access to the billing database and communication with customer service to monitor the transaction. Online Services Framework For Developers and Service Providers The new online services version of Teknekron's ETK now works with industry standard public key encryption software to provide security across the online service network. In addition, Teknekron has enhanced its Remote Object Framework(TM) (ROFTM) technology to better handle load balancing The fine tuning of a computer system, network or disk subsystem in order to more evenly distribute the data and/or processing across available resources. For example, in clustering, load balancing might distribute the incoming transactions evenly to all servers, or it might redirect them and scalability for increasingly large numbers of incoming and outgoing requests and traffic on the network. The Teknekron software platform is designed to be adaptable and extensible for developers who need to make changes and additions to their applications and services as market needs demand. The ETK's database integration services allow developers to "plug in" or remove applications or services and change information easily, without disrupting the network or requiring reconfiguration of the underlying communications software. This flexible, scalable architecture enables developers to more easily deliver new services to a range of access devices, thereby increasing development efficiencies and reducing time-to-market. Teknekron expects the online services version of the ETK to appeal to emerging online service providers in the banking and brokerage fields, as well as a wide range of enterprise customers looking to establish corporate hubs for improved communication internally and externally. In addition to Intuit, the ETK is in use at Liberty, a unit of Cedel SA, a large international securities clearing and settlement agency, to facilitate electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. across borders. The new online services version of the ETK is available immediately for $2,000 to $20,000 depending upon configuration. The ETK for online services is available directly from Teknekron Software Systems, its distributors and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partners. Company Information Founded in 1985, Teknekron Software Systems is an international market leader and pioneer in communications software tools for building client-server applications that provide real-time information exchange throughout the enterprise. Teknekron holds patents for publish and subscribe (1) To provide a source of information that users select from and then receive on a regular basis or when certain events occur. The service can be public or private, free or paid, and information can be provided via e-mail and the Web or by means of proprietary applications. technologies which allow for interapplication communications across heterogeneous environments. The company was acquired in 1994 by Reuters Holding PLC of London, one of the world's largest news and information companies, and now operates as an independent subsidiary based in Palo Alto, Calif., with more than 300 customers worldwide. Teknekron sells its technology to the commercial marketplace, including manufacturing and telecommunications businesses, and is a premier supplier of trading integration technologies to financial service firms. -0- Note to Editors: Enterprise Toolkit, ETK, Remote Object Framework and ROF ROF Rate of Fire ROF Ring of Fire (gaming) ROF Rolling On (the) Floor ROF Rossini Opera Festival ROF Radio over Fiber ROF Royal Ordnance Factory ROF Report of Findings are trademarks of Teknekron Software Systems Inc. Reuters is a trademark of Reuters Limited. All other company and product names may be trademarks or registered trademarks of the individual companies and are respectively acknowledged. CONTACT: Teknekron Software Systems Kathleen Farmer, 415/833-2610 or Stirling & Cohan Brooke Cohan, 415/513-0973 |
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