REUTERS, INTEL FORM GLOBAL
PRODUCTS AND SOLUTIONS ALLIANCE FOR FINANCIAL SERVICES INDUSTRY
SECURITIES INDUSTRY ASSOCIATION CONFERENCE, NEW
YORK, June 19, 2002 - Reuters (Nasdaq:RTRSY), the global information, news and
technology group, and Intel Corporation today announced that they are expanding
the scope of the activities under their Global Solutions Alliance to deliver
solutions that will bring new high performance, affordable technologies and
solutions to the financial services industry.
For more than twenty years, Reuters and Intel
have collaborated to reduce total cost of ownership and increase the return on
investment for their customers in the financial services industry. The companies
will work together to identify ways to improve product and platform performance
and increase cost savings for existing and potential customers.
Reuters will port and optimize a number of
enterprise solutions such as Reuters Market Data System, the latest
market data distribution
software
from Reuters,
as well as its professional trading platforms for Intel-based systems containing
either Intel® Xeon(tm) or Itanium® 2 processors (for server systems) or Pentium®
4 processors (for desktop PCs). Intel will also provide enabling services via
Intel® Solution Services and tools to help Reuters optimize and tune its
enterprise and professional platforms such as Reuters Plus, its innovative,
powerful equities solution for sales and trading.
Alexander Hungate, Reuters Chief Marketing
Officer & President Focus Group Accounts
said: "The Reuters and Intel alliance is a formidable combination of the right
people, the right products and innovative thinking. Our unique approach helps
customers take advantage of new technologies while continuing to leverage their
existing systems in a challenging economy. By pairing the combined strength of
Reuters solutions with an Intel deployment platform, we can continue to develop
cost effective solutions designed to lower our customers' total cost of
ownership."
Deborah Conrad, vice president, Intel
Solutions Market Development Group
said: "The collaboration between Intel and Reuters will bring Reuters' products
to market on the highest performing and most cost-effective computing platforms
available today. The financial services industry continues to face the
challenges of consolidation, regulation and IT budget reduction. Together with
Reuters we will address these issues by enhancing the performance of the
industry's leading financial services systems and offering an increased choice
of open, standards-based hardware and software at lower prices."
In addition to engaging in joint engineering
and sales engagements, Reuters and Intel will participate in joint advertising,
marketing, sales support and will speak at industry conferences and exhibitions.
Reuters is currently working with Intel® Solution Services to port and tune
Reuters enterprise applications.
