BEA And MINT Announce Alliance and Reseller
Agreement to Bring Together Two Global Leaders in
Middleware Solutions
Agreement for BEA to Incorporate and Resell MINT's Intelligent Middleware Solution to
Facilitate 'Straight Through Processing' for Financial Institutions
HELSINKI, Finland--(BUSINESS WIRE)--Sept. 21, 1998-- BEA Systems Inc. (Nasdaq:BEAS - news), a market leader in
distributed mission-critical middleware solutions for the world's largest enterprises, today announced an alliance with MINT
Communication Systems Inc. (Nasdaq:OSHSF - news), a global leader in the development of intelligent financial middleware.
The alliance provides for BEA to resell MINT's financial middleware solution to integrate diverse applications, systems,
networks, and protocols within financial institutions worldwide, facilitating straight through processing, as well as other complex
financial application integration.
The agreement provides for BEA and MINT to work together to build an adapter for BEA TUXEDO(R) to enable MINT's
messaging transformation frameworks and message libraries to communicate with BEA TUXEDO and provide financial
protocol messaging transformation for financial customers.
''Enterprise financial services customers demand not only the integration of core legacy applications, but the flexibility to create
new products and solutions to quickly meet customer demand,'' said Fred Crary, vice president and general manager of
worldwide vertical markets sales.
''The alliance provides for BEA and MINT to provide the interface to legacy applications with robust transactional
technology, applications integration services, as well as industry-leading data transformation solutions that give enterprise
financial customers a superior solution.''
''Our partnership with BEA is important to providing market opportunities for MINT,'' said Hagay Shefi, president of MINT
Communications Systems Inc.
''MINT's products and applications point to the increased importance of intelligent financial middleware as organizations
communicate vast amounts of data globally among disparate systems. This alliance calls for MINT and BEA to combine their
technologies to provide a powerful middleware solution for integrated financial transactions.''
An integrated financial middleware solution will better enable financial institutions to achieve a high level of paperless operation,
eliminating the need to re-key transaction details throughout the life cycle of trades (from inception through settlement), referred
to as straight through processing.
BEA and MINT offer technologies that provide a tested, proven infrastructure for distributed mission-critical applications,
preserve the value of investments in legacy systems and skills, enable interoperability across a broad range of platforms, and
create the ideal backbone for external communications and for legacy platform integration.
BEA/MINT Synergies
BEA and MINT bring complementary product and market strengths to this relationship. BEA's middleware products help
enable customers to smoothly integrate applications within dynamic, heterogeneous, mission-critical environments. MINT
complements BEA's middleware platform as it provides the ability to automatically transform data into financial message
formats, without any human intervention.
MINT connects the majority of industry clearing and settlement messaging systems, content-based message routing, and an
integrated Financial KnowledgeBase and Rule-Manager environment that allows users to define business rules for managing
interactions between applications and enhanced functionality to define formats, transformations, validation, flow, and
distribution needs.
BEA TUXEDO complements MINT by providing a high level of data integrity and a robust, transaction processing
middleware platform. In real-time applications, this benefit is further emphasized by BEA TUXEDO's rich transactional and
mission-critical abilities.
MINT, an intelligent message broker that integrates diverse applications, systems, network, and protocols within financial
institutions, provides two-way communication to the major industry cleaning and settlement messaging systems such as:
SWIFT, FIX, ISITC, CREST, CHAPS, BACS, SIC, SECOM and others.
Both BEA and MINT have a strong customer presence in the financial market, and BEA also has an established presence in
telecommunications and government, as well as a wide variety of customers throughout the Global 5000. This agreement
provides for BEA and MINT to jointly offer professional services, consulting, and partner programs.
BEA and MINT Bring Internal and External Worlds Together
The BEA middleware framework provides a proven infrastructure for distributed mission-critical applications. MINT's widely
deployed robust messaging solution for financial institutions complements BEA's solution by:
-- acting as an integrated gateway server for multiple external
networks on a single platform for the entire organization
-- integrating financial objects through its KnowledgeBase platform
-- acting as an advanced Transformation server -- formatting,
mapping, and validating messages traveling between in-house
applications and to/from external networks
-- acting as the message flow controller for all information
streaming through the organization internally and externally, and
-- performing content-based message routing to multiple destinations
Complete Solutions for the Financial Services Sector
Within the financial services industry, intelligent financial middleware and the ability to communicate vast amounts of data
globally between disparate systems has become increasingly important to competitive information technology solutions.
The alliance provides for the development of a MINT adapter for BEA TUXEDO to help enable the smooth implementation
of data transformation and straight through processing, and provide messaging transformation of complex formats to help
enable new levels of connectivity and integration for mission-critical, enterprise financial services companies.
MINT Communication Systems
MINT is a subsidiary of OSHAP Technologies Ltd., a software group whose shares are traded on Nasdaq/NMS:OSHSF.
The company's intelligent middleware products are used by major financial institutions for seamless connectivity among various
computer networks and in-house applications to assure that messages with diverse formats and protocols are delivered,
regardless of their origin or destination.
MINT has more than 100 installations worldwide. The company's clients include: Bankers Trust, Banque Nationale de Paris,
Cedel Bank, Credit Commerciale de France, Deutsche Bank, ING/Barings, Morgan Stanley, NatWest Markets, Societe
Generale, Thomas Cook and TIR Securities.
MINT has offices in New York, London, Zurich and Israel, and enjoys relationships with leading software distributors in the
Far East. For more information on MINT, visit the company's Web site at mintech.com.
BEA Systems Inc.
BEA Systems Inc. is a leading provider of cross-platform middleware solutions for enterprise applications. BEA's products
and services enable mission-critical, distributed applications that work seamlessly in client/server, Internet, and legacy
environments. BEA provides transactional, messaging, and distributed object-based software for developing and deploying
these enterprise applications.
In addition to its product line, BEA provides complete solutions through its extensive partner network, and a full range of
services including consulting, training, and support. BEA's new world headquarters are located in San Jose, Calif., and the
company has 50 offices in 24 countries around the globe.
The company's common stock trades on the Nasdaq National Market under the symbol ''BEAS.'' Additional information on
BEA is available on the Internet at beasys.com.
Note to Editors: BEA and TUXEDO are registered trademarks of BEA Systems Inc. All other company and product names
mentioned are the property of their respective owners.
Contact:
BEA Systems
Birdie Fenzel, 408/570-8081
birdie.fenzel@beasys.com
or
Burson-Marsteller
Pamela Sufi, 650/287-4026
pamela_sufi@bm.com |
