EGAR Technology announces the signing of an agreement with Intel
May 13, 2004
New York, NY, May 10th, 2004 - EGAR Technology, inc. is proud to announce the signing of an agreement with Intel- Corporation within the framework of Easy Access Program - an Intel--sponsored program for the support of software developers. The agreement makes possible the companies' cooperation, including the implementation of Intel-'s state-of-the-art hardware and technological solutions in a wide range of EGAR Technology's regular and custom software products, widely used for the integrated support of trading and financial markets management, and for complex automation of investment departments in banks and financial companies.
Edmund Preiss, EMEA SW Enabling Manager, stated: "We are pleased to begin our cooperation with EGAR Technology company within the framework of Intel- Early Access, and are gratified that EGAR Technology sees the deep potential for the implementation of our technologies, including, in particular, the Intel- Itanium- 2 CPUs, in financial market applications. We believe that EGAR Technology's software solutions are a fusion of Intel-'s hi-tech with EGAR's in-depth expertise in financial software development, providing the end users - financial organizations - with reliability, quality and productivity beyond comparison in the market."
Gena Ioffe, Chairman of EGAR, emphasized: "The development of our software solutions on the basis of Intel-'s modern CPUs and chipsets not just assures their high performance, but also helps to decrease the maintenance costs for dozens of our current customers, and to reduce the costs of implementation for the prospective ones." Starting from 2004, EGAR Technology has initiated the optimization of EGAR FOCUS financial software suite for running on systems with 64-bit Intel- Itanium- 2 CPUs. EGAR FOCUS is the system for global trading support and financial risk management, designed for the complex automation of front, middle and back offices in banks and investment companies.
The main task under this program is to reach the maximum performance while working with massive databases and processing transactions in real time, which are of paramount importance for the successful work of financial market participants. At the moment, EGAR Technology's specialists have already successfully ported the EGAR FOCUS databases on Intel- Itanium- 2 CPU-equipped platforms.
About EGAR Technology
EGAR Technology (www.egartech.com) combines excellence in technology with capital market expertise to create sophisticated trading and risk management systems and solutions.
EGAR's applications offer cutting-edge, integrated and standalone front-, middle- and back-office trading and risk management systems. Additionally, EGAR has pioneered modular software - granting firms of all sizes the efficiency of a custom-built system with the affordability of off-the-shelf products. EGAR has built a global reputation for its user-friendly systems, which increase efficiency without sacrificing complexity.
EGAR has created solutions for some of the world's most important financial services firms, including ABN-AMRO, Alfa Bank, Bear Wagner, Carr Futures, CIBC, Fimat (Soc Gen) and many others.
EGAR Technology, Inc. was formed in March 2000 with the acquisition and merger of Intermark Solutions, a trading and risk management system firm, and Off-Site Development, a custom application development vendor. Today, EGAR has grown to over 180 technical and financial specialists worldwide, with a presence in New York, Moscow and Chicago.
Edmund Preiss, EMEA SW Enabling Manager, stated: "We are pleased to begin our cooperation with EGAR Technology company within the framework of Intel- Early Access, and are gratified that EGAR Technology sees the deep potential for the implementation of our technologies, including, in particular, the Intel- Itanium- 2 CPUs, in financial market applications. We believe that EGAR Technology's software solutions are a fusion of Intel-'s hi-tech with EGAR's in-depth expertise in financial software development, providing the end users - financial organizations - with reliability, quality and productivity beyond comparison in the market."
Gena Ioffe, Chairman of EGAR, emphasized: "The development of our software solutions on the basis of Intel-'s modern CPUs and chipsets not just assures their high performance, but also helps to decrease the maintenance costs for dozens of our current customers, and to reduce the costs of implementation for the prospective ones." Starting from 2004, EGAR Technology has initiated the optimization of EGAR FOCUS financial software suite for running on systems with 64-bit Intel- Itanium- 2 CPUs. EGAR FOCUS is the system for global trading support and financial risk management, designed for the complex automation of front, middle and back offices in banks and investment companies.
The main task under this program is to reach the maximum performance while working with massive databases and processing transactions in real time, which are of paramount importance for the successful work of financial market participants. At the moment, EGAR Technology's specialists have already successfully ported the EGAR FOCUS databases on Intel- Itanium- 2 CPU-equipped platforms.
About EGAR Technology
EGAR Technology (www.egartech.com) combines excellence in technology with capital market expertise to create sophisticated trading and risk management systems and solutions.
EGAR's applications offer cutting-edge, integrated and standalone front-, middle- and back-office trading and risk management systems. Additionally, EGAR has pioneered modular software - granting firms of all sizes the efficiency of a custom-built system with the affordability of off-the-shelf products. EGAR has built a global reputation for its user-friendly systems, which increase efficiency without sacrificing complexity.
EGAR has created solutions for some of the world's most important financial services firms, including ABN-AMRO, Alfa Bank, Bear Wagner, Carr Futures, CIBC, Fimat (Soc Gen) and many others.
EGAR Technology, Inc. was formed in March 2000 with the acquisition and merger of Intermark Solutions, a trading and risk management system firm, and Off-Site Development, a custom application development vendor. Today, EGAR has grown to over 180 technical and financial specialists worldwide, with a presence in New York, Moscow and Chicago.