Multex.com Signs Deal to Automate U.S. Bancorp Piper Jaffray's Equity Research Production
Business Wire - November 17, 1999 07:49
NEW YORK--(BUSINESS WIRE)--Nov. 17, 1999--Multex.com (NASDAQ: MLTX) the world's largest interactive community of investors, analysts, and brokers, announced today that it has signed a multi-year agreement with U.S. Bancorp Piper Jaffray to create an automated, Web-based research production system.
With the agreement, Multex.com will provide U.S. Bancorp Piper Jaffray with an integrated workflow solution for research document creation. The new system will use Internet technology to leverage U.S. Bancorp Piper Jaffray's previously existing company coverage database, allowing the firm's analysts to produce research documents within a shared environment for content management. The system will also allow for customized research delivery to its institutional Web site (http://clientaccess.pjc.com).
A major component of the new system will be the automation of the research production pipeline. The new system will provide a reengineered and more efficient document creation, review, approval, and publishing process. Analysts and associates will be able to view their work in progress, as well as a list of items for review and approval.
Analysts will be able to view the workflow pipeline in a way that is meaningful to their individual roles and the companies they follow. The new system will also provide for a single research note creation process to support several output formats for U.S. Bancorp Piper Jaffray's research distribution partners, including to Multex.com.
"Multex.com's open architecture and flexible design allows for a complete, customized solution, seamlessly integrated into any existing Web-based infrastructure," stated James M. Tousignant, president of Multex.com. "The integrated research environment we are creating for U.S. Bancorp Piper Jaffray is a perfect example of how we specifically address the needs of the companies we partner with, providing solutions that will allow them to continue their growth. We expect that U.S. Bancorp Piper Jaffray will certainly be able to extend the reach of its research function as far as it wants."
"Up until now, we have not had a true automated system in place. Multex.com will be able to move U.S. Bancorp Piper Jaffray to a completely Web-based solution for our research production and distribution," stated Tom Schreier, Director of Equity Research for U.S. Bancorp Piper Jaffray. "Now that every aspect of the process will be automated, we expect to increase our production and timeliness."
I'm having a hard time deciding when to take MLTX profits. Shouldn't be this hard. Jack |
