Formicary forms partnership with Parlano to provide value added services in persistent group messaging

 

Release date: January 17th 2006

Formicary Ltd, an IT consultancy firm specialising in providing solutions for the financial services industry, and Parlano Inc, a leading provider of persistent group messaging, enterprise instant messaging and presence management solutions, today announced a strategic partnership whereby Formicary will deliver strategic and technical consultancy services to enterprises deploying Parlano’s MindAlign suite of products in Europe and North America.

Formicary’s consultancy expertise helps financial services businesses gain a competitive advantage by streamlining global market operations and broadening information sharing and awareness between traders, asset managers, research staff, and sales teams.

The alliance formalises a five year relationship in which Formicary has been working directly with Parlano’s MindAlign product in some of the world’s largest financial services organisations.

Formicary has proven experience deploying MindAlign and delivering complete solutions including:

  • Integration with enterprise applications such as trading and research distribution systems
  • Development of automated BOTs for proactively distributing information such as market and company news from internal and external systems directly into appropriate collaboration channels
  • Development of custom forms (SIOPs) for controlling the format and distribution of data such as market events and trade activities
  • Installation, upgrades, and ongoing support
In order to speed customer deployment and success, Formicary has developed a suite of customisable applications including a BOT framework built on top of MindAlign’s BOT technology that enables Formicary to rapidly integrate MindAlign into the rest of an enterprise’s information architecture. These extensions enable users to access important information and events directly in chat channels, thus consolidating MindAlign’s position as a centralised location for collaboration and mission critical communication in financial services.

Formicary Director Joseph Do stated “The partnership is a natural progression which will be beneficial to both parties and especially clients. Working together, Parlano and Formicary are able to offer our clients a secure enterprise group messaging platform which can be integrated, fine tuned and supported with ease. The services we are able to offer reinforce Parlano’s commitment to providing the infrastructure and applications necessary to improve secure real time communication around the world.”

“MindAlign delivers a real competitive edge to financial services organisations because of its unique ability to connect global teams, streamline collaboration, and alert users to critical, time sensitive information no matter where that information resides.” said Jay McGlynn, Parlano’s senior vice president of worldwide sales. “Our strategic partnership with Formicary is critical as Parlano continues to see rapid growth in financial services markets and as our customers push the envelope in their vision to integrate MindAlign with their other mission critical systems.”


About Formicary

Formicary is an information technology consultancy that specialises in building integrated applications/solutions to maximise business efficiency and streamline business processes for the Financial Services industry.

Founded in 2000, Formicary brings together a world class team of talented and dedicated professionals with industry experience and understanding covering front to back office in equities, fixed income and derivatives.  This knowledge, coupled with technical excellence ranging from legacy client/server to cutting edge technologies, enables Formicary to offer innovative and sophisticated solutions to help clients improve their productivity and increase their return on investment.

Formicary has offices in Europe and North America.  For more information, please visit www.formicary.net or contact us at info@formicary.net

About Parlano, Inc

Parlano is a leading provider of persistent group messaging solutions. Parlano's MindAlign solutions deliver instant, intelligent and persistent group and topic based messaging to securely connect employees, customers and partners with the right people, information and context to execute business processes more efficiently. Companies including ABN AMRO, Bank of America, Cantor Fitzgerald, Cargill, Citigroup, Deutsche Bank, Standard Chartered Bank, UBS and others rely on Parlano to utilise messaging as a strategic business tool. Backed by Longworth Venture Partners, Oak Investment Partners and Golden Gate Capital, Parlano supports its customers and partners from its worldwide headquarters in Chicago, Illinois and EMEA headquarters in London.

For more information, please visit www.parlano.com or contact us at our HQ in Chicago at +1.312.655.8330 or +1.866.727.5266 or +1.866.PARLANO or at our EMEA office on +44 (1342) 301920

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