I thought this press release warranted a repeat since the article mentioned their relationship with DST Systems (DST: NYSE))
Thursday October 1, 7:31 am Eastern Time
Company Press Release
SOURCE: HIE, Inc.
HIE And DST Launch Joint Sales And Marketing Relationship; HIE Middleware Enables ISITC Translations
MARIETTA, Ga., Oct. 1 /PRNewswire/ -- Healthdyne Information Enterprises, Inc. (Nasdaq: HDIE - news), a leading application integration software tools and services provider, and DST Systems, Inc. (NYSE: DST - news), a worldwide leader in information processing services for financial organizations with 1997 revenues of $650 million, today announced a strategic marketing agreement to enable ISITC (Industry Standardization for Institutional Trade Communications) message translation for DST customers. The ISITC is a global working committee of securities operations professionals representing custodian banks, investment managers, brokers and vendors with a mission to foster alliances and advocate standards that promote straight through processing (STP) of securities transactions.
Cloverleaf finance 3.5, the latest version of HIE's fully-featured message broker for environments requiring S.W.I.F.T. messaging capabilities, will be integrated with DST's Portfolio Accounting System(TM) (PAS(TM)). PAS is used to automate mutual fund accounting and investment management recordkeeping processes for more than 2,000 portfolios. The Cloverleaf finance integration will automatically translate ISITC information sent by PAS users directly to DST's proprietary system for security trade and settlement information.
''Cloverleaf is a great benefit to our clients because they can now send us transmissions in a variety of formats, and we can translate the data into the needed format,'' said Jim Dobbie, DST operations officer.
In a related agreement, Cloverleaf finance is being integrated with DST 's Automated Work Distributor(TM) (AWD(TM)), a family of work management and customer service support system products that operates more than 37,000 workstations worldwide. DST International, the United Kingdom affiliate of DST Systems, is also packaging and marketing three applications with Cloverleaf finance: HiPortfolio/2, investment management software; OpenMessenger, a message generation product; and AWD.
''Cloverleaf finance's graphical user interface (GUI) front-end is very user friendly,'' said Cheryl Miller, a systems manager for DST. ''Cloverleaf significantly reduced the time it took to code the interface for support of the ISITC standard.''
According to Miller, who is currently working on the first joint installation for the Fund Accounting division of an investment bank, Cloverleaf finance is receiving information from a combination of proprietary and third-party middleware sources which are being used to accept and translate inbound messages passed between the bank's system and PAS. ''HIE support and understanding of our needs has been excellent throughout this installation,'' Miller said.
Cloverleaf finance provides GUI-driven application integration to legacy systems and databases. The Cloverleaf finance message broker resolves compatibility issues and transports, exchanges, routes and translates messages, records and transactions between disparate applications.
About S.W.I.F.T.
S.W.I.F.T. supplies secure messaging, interface software and 24-hour global support to over 6,000 financial institutions in 175 countries. In 1997, S.W.I.F.T.'s global network carried over 800 million messages. The average daily value of payments messages on the S.W.I.F.T. network is estimated to be above USD 2 trillion.
About HIE
HIE helps enterprises rapidly integrate their existing and new applications, using the Company's market leading software tools and strategic and tactical integration services. The Company's tools are used in more than 1000 worldwide sites, including those in the financial services and banking industry. HIE is headquartered in Marietta, Georgia, with offices in Dallas, Columbus, New York, Nashville, London, England and Essen, Germany.
For more information visit HIE's web site at hie.com.
Except for the historical information contained herein, this press release contains forward-looking statements that involve a number of risks and uncertainties which could cause actual results to differ materially from those indicated in such forward-looking statements. By making these forward-looking statements, the Company does not undertake to update them in any manner except as may be required by the Company's disclosure obligations in filings it makes with the Securities and Exchange Commission under the Federal securities laws.
''HIE'' and ''Cloverleaf finance'' are registered trademarks of Healthdyne Information Enterprises, Inc. DST'' and ''AWD'' are registered trademarks and ''PAS,'' ''HiPortfolio/2'' and ''OpenMessenger'' are trademarks of DST Systems, Inc.
SOURCE: HIE, Inc.
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