Systinet WASP (Web Applications and Services Platform) and UDDI Registry
Systinet Closes Highly Successful 2003 with Strong Momentum and Growth
Leading Independent Web Services Software Provider Grows its Revenue 5X in 2003, Signs Over 70 Customer Deals and is Poised for Continued Growth in 2004
Cambridge, MA, USA. January 29, 2004.
Systinet, the leading independent provider of Web services infrastructure software, today announced strong momentum in 2003, positioning itself for continued growth in 2004. Systinet's 2003 revenue was five times greater than its revenue in 2002, which was the result of more than 70 new customer deals. In Q4 2003 alone, Systinet signed 30 new customers, including N2 Broadband, British Telecom, GlaxoSmithKline, The Hartford Financial Group, Mizuho Capital and CoreMedia, adding to its already strong roster of 2003 customer wins that included Amazon, Kodak, BMC Software and Northrop Grumman.
Systinet's sales growth in 2003 validates the clear benefits Systinet's WASP products provide customers. "The marketplace is demanding simple, standards-based solutions for integration. Major corporations are turning to Web services to drive down integration costs, increase flexibility, and align IT with key business goals," said Wendell Lansford, COO, Systinet. "By providing proven, 100% standards-based, platform-neutral solutions, Systinet continues to deliver value to customers and gain significant momentum in the market -- trends that we anticipate will continue as the market moves in the direction of Web services and service-oriented architectures."
New Systinet customers signed in Q4 2003 include:
CoreMedia: CoreMedia provides content management, digital rights management and multi-channel delivery technologies, with clients including Bertelsmann, Continental AG, SAP and NEC/Mitsubishi. CoreMedia use Systinet WASP Server for C++ to provide embedded Web services functionality for all its products. "CoreMedia has integrated Systinet WASP into our Smart Content Technology and our OMA DRM solution for mobile services that is used by leading telecommunication and media companies" explains Soren Stamer, Co-Founder and CEO of CoreMedia. "Systinet provides a complete Web services solution that meets the latest standards and provides excellent interoperability with other Web services."
The Hartford Financial Group: One of the largest investment and insurance companies, The Hartford uses Systinet WASP UDDI as a registry to advertise and discover Web services that support a legacy SEMCI (Single Entry Multiple Company Interface) system. WASP UDDI stores all of The Hartford's proprietary XML schema documents and all of the new SOAP services it is building. The Hartford estimates it will save $50,000-$75,000 in internal development costs on a "per service" basis, using WASP UDDI. The company will recoup its investment in Systinet's product within the first 90 days of usage.
N2 Broadband: A leading supplier of scalable, open-standards solutions that enable cable operators to offer on-demand services, N2 Broadband embeds Systinet WASP Server for Java in their OpenStream video-on-demand (VOD) product. WASP is used for back-end data processing and transactions.
Systinet's WASP suite of products is a complete solution for building, deploying, securing and managing Web services. Systinet WASP Server for Java and WASP Server for C++ are industrial-strength Web services runtime environments that fully support industry standards, including SOAP 1.1, SOAP 1.2 and WSDL 1.1. WASP UDDI is the only commercially available, fully V2 compliant registry with advanced UDDI V3 functionality.
About Systinet Corporation
Systinet provides Web services infrastructure software. Systinet's products make it easy for enterprises and ISVs to build, deploy, secure and manage Web services. The Systinet WASP suite of products is based on industry-standards such as XML, SOAP, WSDL and UDDI. WASP products are available for Java and C++, interoperate seamlessly with other Web services implementations such as Microsoft .NET, and are portable across a wide variety of platforms and servers. With over 40,000 registered users and hundreds of live deployments, Systinet's clients include Amazon.com, Deutsche Telekom, FileNet, Interwoven, JP Morgan, Mercator, and SAIC. Headquartered in Cambridge, MA, Systinet is a privately-held company financed by Warburg Pincus.
Prepared by Robin Cover for The XML Cover Pages archive. Related: (1) "New Features in WASP 4.7"; (2) "Systinet to Provide UDDI Solution for PSN Global Directory of Digital Photography Services."