California-based BEA Systems has won a three year contract to provide Charles Schwab & Co with the use of its Java-based WebLogic Server for building and deploying mission critical applications across the company.
The Java-based server is to be used in several high-growth areas at Schwab, including wireless trading in the US and Hong Kong; trading systems at affiliate offices in Canada and Japan; and Schwab Institutional, a division of the company providing operational and trading solutions for independent fee-based advisors.
Nadene Re, senior vice president, Charles Schwab, says the company made a strategic decision in 1999 to transition all of its internal and customer application development to the Java platform, to provide scalability, ease and speed of programming, and the ability to reuse and share code across business enterprises.
"Java is the critical technology that will help Schwab leverage the Internet to communicate and conduct business with their customers, with their business partners, and with the diverse organizations within Schwab," says Bill Coleman, founder, chairman, and CEO, BEA.