DataArt, a custom software development company that builds advanced solutions for select industries, today announced a new partnership with Kaazing, the leading provider of enterprise web and mobile communication for live data delivery and the creators of HTML5 WebSocket, to provide real time, mobile application solutions to the financial services industry.
The collaboration will merge Kaazing's technology, a standards-based software platform that allows enterprises to easily extend their systems to mobile for secure, bi-directional live data delivery, with DataArt's expertise creating financial software solutions, to respond to emerging requirements and mobility demands.
Financial services firms are being challenged to update and provide real time mobility without disturbing existing infrastructure and sharing data locked up in the enterprise's back-end systems with users, customers, partners and other consumers. Kaazing provides a high-performance WebSocket based communication platform to respond and securely provide the modern overlay on top of messaging systems for DataArt clients.
The first result of the partnership is a free front-office portfolio management tool, recently demonstrated at 2013 SIFMA Tech. The HTML5 monitoring solution provides portfolio managers with the ability to securely access portfolios in real-time and on-the-go. The application allows the grouping and visualizing of a wide variety of trading data, including visualizing positions on entered trades for a broad range of financial instruments.
"The financial services industry is being challenged to update existing infrastructures they have been building for years in response to new technology, yet are having process issues," said Oleg Komissarov, Senior Vice President at DataArt. "We've found that many firms are applying traditional approaches using application servers that create complicated architectures, large hardware requirements, low time-to-market and high cost of maintenance. By partnering with Kaazing, our clients preserve their investments, as well as gain a high performance and cost effective platform to advance with technology demands."
"We are excited to be working with DataArt on continuing to securely extend mobile solutions to the financial services industry," said John Donnelly III, Executive Vice President at t Kaazing. "Kaazing is dedicated to providing highly scalable, secure, and cost-effective solutions that have zero-latency."
The partnership with Kaazing will enable enterprise communication over the web with 1 million connections and average latency of 3.5 milliseconds. The next collaborative release will include combining high-performance HTML5 charting solutions with the powerful Kaazing web messaging platform.