The Vanguard Group and Bolsa Mexicana de Valores Join Growing
List of Financial Institutions Adopting Alliance E-Commerce Solutions
MOUNTAIN VIEW, Calif., Dec. 6 /PRNewswire/ -- The Sun-Netscape Alliance
(Alliance) today announced that more than 120 financial institutions,
including Charles Schwab, John Hancock, National Discount Brokers, E*TRADE,
Countrywide Home Loans, AXA Sun Life and First Union are offering online
banking, trading, billing and many other e-commerce services in today's Net
Economy based on Alliance infrastructure and e-commerce applications. The
Vanguard Group and Bolsa Mexicana de Valores, the Mexican Stock Exchange, are
the latest companies to select Alliance e-commerce solutions.
As more and more people choose the Internet as their preferred money
management tool, financial institutions face growing challenges to provide
personalized services and address increased pressures on account traffic,
security, membership and customer relationship management.
By partnering with the Sun-Netscape Alliance, financial institutions are
able to leverage a complete end-to-end portfolio of multi-platform,
highly-scalable infrastructure products ranging from application and web
servers, centralized user management and Public Key Infrastructure (PKI)-based
authentication services, as well as strategic Internet procurement, bill
presentment, and customer self-service solutions.
"We are very encouraged by the momentum we're seeing in financial
services, now representing more than 20 percent of our overall vertical market
business," said Vesna Swartz, senior director of global vertical marketing.
"With five of the top 10 commercial U.S. banks and more than 70 percent of the
securities firms in the Fortune 500 now using our software, the Alliance is
rapidly becoming a leading provider of financial services software solutions."
For example, the Vanguard Group, the nation's second largest mutual fund
firm managing $520 billion in investments, also recently selected Alliance
infrastructure products to power the "Your Accounts" service on its new
website at vanguard.com. The service enables Vanguard to provide secure
mutual fund account management services and financial planning and advisory
services to its clients. Alliance products selected by Vanguard include
iPlanet(TM) Directory Server and the Netscape Application Server(TM).
"With some 90 percent of our most recent investors being online,
vanguard.com and services like "Your Accounts" have become a critical
mechanism for providing our clients with unmatchable service, and this behind
the scenes technology is critical to making it all run smoothly," said Shelton
S. Unger, Principal, Online Services, at The Vanguard Group.
Bolsa Mexicana de Valores has deployed the Alliance's PublishingXpert(TM)
application to offer customers subscription based financial news and
publications, including a Derivatives Market indicator, Money and Capital
Market bulletin, Money and Capital market valuations and much more.
PublishingXpert helps enable companies to target, sell, deliver, and manage
highly personalized content and services over the Internet. Built on a highly
scalable and open architecture, PublishingXpert provides direct and indirect
information delivery based on customer profiles and usage.
"The Sun-Netscape Alliance's Publishing Xpert product enables us to
provide faster value-added services to our customers through the Internet,
allowing us to reach new customers worldwide, while giving BMV a competitive
advantage in what has become a highly competitive marketplace," said Raul
Alvarez, assistant director of information and products at Bolsa Mexicana de
Valores.
About the Sun-Netscape Alliance
America Online, Inc. and Sun Microsystems, Inc. formed the Sun-Netscape
Alliance to provide easy to deploy, comprehensive enterprise and e-commerce
solutions and services to business partners and other companies competing in
today's Net Economy. The Alliance product portfolio provides customers with
the industry's most scalable, integrated infrastructure software and a family
of production ready e-commerce applications. The products are offered on the
industry's most widely available product platforms, including DEC, HP, IBM,
Linux, SGI, Microsoft Windows, and Sun. The alliance software product
portfolio includes: messaging and calendar, collaboration, web, application,
directory, and certificate servers. The Alliance also offers a family of
production-ready applications for e-commerce, including commerce exchange,
procurement, selling, and billing.
About America Online, Inc.
Founded in 1985, America Online, Inc., based in Dulles, Virginia, is the
world's leader in interactive services, Web brands, Internet technologies, and
e-commerce services. America Online, Inc. operates: two worldwide Internet
services, America Online, with more than 18 million members, and CompuServe,
with more than 2 million members; several leading Internet brands including
ICQ and Digital City, Inc.; the Netscape Netcenter and AOL.COM portals; and
the Netscape Navigator and Communicator browsers. Through its strategic
alliance with Sun Microsystems, the Company develops and offers
easy-to-deploy, end-to-end e-commerce and enterprise solutions for companies
operating in the Net Economy.
About Sun Microsystems, Inc.
Since its inception in 1982, a singular vision -- The Network Is The
Computer(TM) -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW), to its
position as a leading provider of industrial-strength hardware, software and
services that power the Internet and allow companies worldwide to ".com" their
businesses. With $12.4 billion in annual revenues, Sun can be found in more
than 170 countries and on the World Wide Web at http://www.sun.com .
NOTE: Netscape and the Netscape N logo are registered trademarks in the
United States and other countries of Netscape Communications, a subsidiary of
America Online, Inc. Sun, Sun Microsystems, the Sun Logo, iPlanet and The
Network Is The Computer are trademarks of Sun Microsystems, Inc. in the United
States and other countries.
SOURCE Sun-Netscape Alliance
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CONTACT:
Jennifer Cochran Doettling of the
Sun-Netscape Alliance, 650-937-2804, or jdoettli@netscape.com
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