For immediate release:
Kurt Klein / 29West, Inc.
+1 630-836-2990, ext 610 / kklein@29West.com
Deborah Eisenberg/Ishviene Arora
Cognito
646-495-5550 / 29West@cognitomedia.com
29West and Intelligent Wave Partner to Serve Financial
Institutions in Japan
- Intelligent Wave Inc. and 29West Japan, Inc. Join to Provide Ultra Low Latency
Messaging Solutions to the Securities Industry in Japan.
Tokyo – March 25, 2008 – 29West, Inc., pioneers in low-latency messaging
technology and Intelligent Wave, Inc. (IWI), integration specialists in network
technologies serving the financial services industry today announced a
technology and business partnership in which IWI will be providing 29West ultra-
low latency solutions and technical support to securities firms and other financial
institutions in Japan.
“29West Japan is very pleased to be working with IWI and to be able to offer
IWI’s financial services customers a high-performance messaging choice as part
of their industry leading solutions. Through our direct sales efforts and through
key partners like IWI, 29West is committed to the Japanese market and we are
very pleased with the market growth we are seeing,” said Mark Mahowald,
founder and president of 29West.
“There is a clear market need for high performance messaging solutions in Japan
and we are seeing rapid growth in the market for our Latency Busters®
Messaging (LBM) and Ultra Messaging® for the Enterprise (UME) products,”
Mahowald added. “The trend is toward higher performance data delivery and that
trend is forcing many firms to reconsider how they distribute and share data. As
the need for these solutions grows globally, 29West is poised to meet that need.”
“IWI is very excited to be working with 29West and to be able to offer LBM to
customers as a high-performance messaging choice. There is a big market need
for high performance messaging solutions in Japan. In particular, most securities
companies need these solutions to prepare for the Tokyo Stock Exchange’s next-
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29West Press Release
generation trading system. We are also seeing rapid growth in the market for
Latency Busters Messaging or LBM,” said Yoshiyuki Yamamoto, president of
IWI.
# # #
About 29West, Inc.
29West is the leader in high-performance, low-latency messaging solutions for
financial institutions. With its initial release in November 2004, 29West’s Latency
Busters® Messaging (LBM) set a new standard in performance for financial
market messaging and has been deployed in more than 100 firms worldwide.
With the introduction of Ultra Messaging® for the Enterprise (UME) at the end of
2006, 29West brought the unique Parallel Persistence™ design to guaranteed
messaging. Where other solutions send first to a store and then to the end
receiver, 29West UME solutions send to the end receiver in parallel with delivery
to the store, resulting in dramatic increases in throughput and drops in latency.
With offices in Chicago, New York, London and Tokyo, 29West supports the
financial markets worldwide.
For more information, visit http://www.29west.com
About Intelligent Wave, Inc.
IWI is a company specializing in securities front office systems, comprising a
retail banking online systems division, a system solutions division, and a security
systems division. IWI’s market data distribution systems have dominated the
market for nearly 20 years. In addition, IWI has implemented messaging
middleware for major financial institutions across the region.
Website: http://www.iwi.co.jp/en/default.htm
