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20.04.2005 15:41:00
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Market Systems Technology and Concurrent Partner to Provide Low-Latenc
Market Systems Technology and Concurrent Partner to Provide Low-Latency Financial Applications Market Systems Technology's Real-Time Ticker and Message Processing System Available with Concurrent's iHawk(TM) Powered by RedHawk(TM) Linux(R)
Concurrent Computer Corporation (NASDAQ: CCUR), a leading provider of integrated computer solutions for mission-critical applications, today announced that Market Systems Technology, Inc. (MST), provider of high performance solutions for the financial services industry, has agreed to become a member of Concurrent's Channel Partner Program. Program participation will enable Concurrent and MST to cooperatively market and sell their respective products to financial services companies. Together they will be able to leverage Concurrent's iHawk(TM) real-time Linux(R) platform and MST's real-time ticker and message processing software to provide integrated solutions with unparalleled low-latency, instantaneous access to security pricing information directly from any originating source, such as securities exchanges, ECNs, and news organizations.
MST's solutions include Market Access, a real-time ticker processing system that provides direct, instantaneous access to financial market data, and Market Data Network, a high performance, low-latency messaging middleware solution specifically designed for the financial services industry. In the fiercely competitive financial services industry, faster access to data produces better results and bigger profits. Financial services industry trends such as increased automated trading, reliance on real-time analytics, smaller lots, and black-box execution all point to a greater advantage to those who get accurate data first.
"Concurrent's iHawk system provides the low-latency, performance, accuracy and repeatability that are demanded by the financial industry," said Jack Swan, MST President. "MST has been providing high reliability real-time message processing solutions for the financial services sector for over 20 years, and Concurrent's technology will complement that delivery with unequalled performance value for our customers, providing them with a significant competitive advantage."
"Concurrent is pleased to partner with a well-known market leader like MST and apply our real-time, low-latency computing knowledge to the demanding world of financial data processing," said Warren Neuburger, Concurrent Chief Operating Officer. "When customers combine MST's solutions with Concurrent's iHawk system, the end result will be a unique and attractive solution for demanding financial data acquisition and distribution - delivering the most up-to-date information for making critical financial decisions."
The iHawk is Concurrent's high performance, PCI-based, commercial-off-the-shelf (COTS) computer platform for time-critical data acquisition, simulation, financial and industrial systems applications. At the heart of each iHawk system is Concurrent's RedHawk Linux real-time operating system. Compatible with the popular Red Hat(R) Linux distribution, RedHawk Linux features high I/O throughput, fast response to external events, and optimized interprocess communication. iHawk is used by leading companies worldwide for real-time data acquisition and simulation in the aerospace, automotive and defense industries - and now, the financial industry.
About Market Systems Technology
Market Systems Technology, Inc. (www.mktsystech.com), formerly a division of Dow Jones and Co., has been a premium provider of low-latency, high availability solutions for the financial services industry for over twenty years. MST is a privately held corporation based in Boston, Massachusetts. For more information about Market Systems Technology, email info@mktsystech.com.
About Concurrent
Since 1966, Concurrent (www.ccur.com), headquartered in Duluth, Georgia, has been a premier provider of solutions that fulfill real-time expectations for commercial and government markets. The company's high performance computing solutions and software are utilized in strategic market areas that include hardware-in-the-loop and man-in-the-loop simulation, process control, and data acquisition. Concurrent is also a recognized leader in the digital cable market, with Video-On-Demand systems deployed worldwide by major broadband operators. Its proven technology is based on open standards and provides a flexible, comprehensive and robust solution for HFC, DSL, and IP-based networks. Concurrent has nearly four decades of experience in high-performance, on-demand, mission-critical solutions and provides its best of breed solutions through offices in North America, Europe, Asia, and Australia.
Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. When used or incorporated by reference in this release, the words "believes," "expects," "estimates," "anticipates," and similar expressions are intended to identify forward-looking statements. Statements regarding future events and developments and our future performance, as well as our expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. The risks and uncertainties which could affect our financial condition or results of operations include, without limitation: our ability to keep our customers satisfied; availability of video-on-demand content; delays or cancellations of customer orders; changes in product demand; economic conditions; various inventory risks due to changes in market conditions; uncertainties relating to the development and ownership of intellectual property; uncertainties relating to our ability and the ability of other companies to enforce their intellectual property rights; the pricing and availability of equipment, materials and inventories; the concentration of our customers; failure to effectively manage change; delays in testing and introductions of new products; rapid technology changes; system errors or failures; reliance on a limited number of suppliers; uncertainties associated with international business activities, including foreign regulations, trade controls, taxes, and currency fluctuations; the highly competitive environment in which we operate and predatory pricing pressures; failure to effectively service the installed base; the entry of new well-capitalized competitors into our markets; the success of new products in both the VOD and ISD divisions; the availability of Linux software in light of issues raised by SCO Group; capital spending patterns by a limited customer base; and obligations that could impact revenue recognition.
Other important risk factors are discussed in our Form 10-K filed with the Securities and Exchange Commission on Sept. 7, 2004 and may be discussed in subsequent filings with the SEC. The risk factors discussed in such Form 10-K under the heading "Risk Factors" are specifically incorporated by reference in this press release. Our forward-looking statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.
Note to Editors: For additional company or product information from Concurrent, please contact Concurrent, 4375 River Green Parkway, Suite 100, Duluth, GA 30096. Call toll free in the U.S. and Canada at (877) 978-7363, fax (678) 258-4199. Readers can also access information through the company's Web site at www.ccur.com.
Concurrent Computer Corporation, its logo, iHawk and RedHawk are registered and unregistered trademarks of Concurrent Computer Corporation. The registered trademark Linux is used pursuant to a sublicense from the Linux Mark Institute, the exclusive licensee of Linus Torvalds, owner of the mark on a world-wide basis. All other product names are trademarks or registered trademarks of their respective owners.
--30--JAH/at*
Business Editors
Concurrent Linux on Wall Street Booth #212
ATLANTA--(BUSINESS WIRE)--April 20, 2005--
Concurrent Computer Corporation (NASDAQ: CCUR), a leading provider of integrated computer solutions for mission-critical applications, today announced that Market Systems Technology, Inc. (MST), provider of high performance solutions for the financial services industry, has agreed to become a member of Concurrent's Channel Partner Program. Program participation will enable Concurrent and MST to cooperatively market and sell their respective products to financial services companies. Together they will be able to leverage Concurrent's iHawk(TM) real-time Linux(R) platform and MST's real-time ticker and message processing software to provide integrated solutions with unparalleled low-latency, instantaneous access to security pricing information directly from any originating source, such as securities exchanges, ECNs, and news organizations.
MST's solutions include Market Access, a real-time ticker processing system that provides direct, instantaneous access to financial market data, and Market Data Network, a high performance, low-latency messaging middleware solution specifically designed for the financial services industry. In the fiercely competitive financial services industry, faster access to data produces better results and bigger profits. Financial services industry trends such as increased automated trading, reliance on real-time analytics, smaller lots, and black-box execution all point to a greater advantage to those who get accurate data first.
"Concurrent's iHawk system provides the low-latency, performance, accuracy and repeatability that are demanded by the financial industry," said Jack Swan, MST President. "MST has been providing high reliability real-time message processing solutions for the financial services sector for over 20 years, and Concurrent's technology will complement that delivery with unequalled performance value for our customers, providing them with a significant competitive advantage."
"Concurrent is pleased to partner with a well-known market leader like MST and apply our real-time, low-latency computing knowledge to the demanding world of financial data processing," said Warren Neuburger, Concurrent Chief Operating Officer. "When customers combine MST's solutions with Concurrent's iHawk system, the end result will be a unique and attractive solution for demanding financial data acquisition and distribution - delivering the most up-to-date information for making critical financial decisions."
The iHawk is Concurrent's high performance, PCI-based, commercial-off-the-shelf (COTS) computer platform for time-critical data acquisition, simulation, financial and industrial systems applications. At the heart of each iHawk system is Concurrent's RedHawk Linux real-time operating system. Compatible with the popular Red Hat(R) Linux distribution, RedHawk Linux features high I/O throughput, fast response to external events, and optimized interprocess communication. iHawk is used by leading companies worldwide for real-time data acquisition and simulation in the aerospace, automotive and defense industries - and now, the financial industry.
About Market Systems Technology
Market Systems Technology, Inc. (www.mktsystech.com), formerly a division of Dow Jones and Co., has been a premium provider of low-latency, high availability solutions for the financial services industry for over twenty years. MST is a privately held corporation based in Boston, Massachusetts. For more information about Market Systems Technology, email info@mktsystech.com.
About Concurrent
Since 1966, Concurrent (www.ccur.com), headquartered in Duluth, Georgia, has been a premier provider of solutions that fulfill real-time expectations for commercial and government markets. The company's high performance computing solutions and software are utilized in strategic market areas that include hardware-in-the-loop and man-in-the-loop simulation, process control, and data acquisition. Concurrent is also a recognized leader in the digital cable market, with Video-On-Demand systems deployed worldwide by major broadband operators. Its proven technology is based on open standards and provides a flexible, comprehensive and robust solution for HFC, DSL, and IP-based networks. Concurrent has nearly four decades of experience in high-performance, on-demand, mission-critical solutions and provides its best of breed solutions through offices in North America, Europe, Asia, and Australia.
Certain statements made or incorporated by reference in this release may constitute "forward-looking statements" within the meaning of the federal securities laws. When used or incorporated by reference in this release, the words "believes," "expects," "estimates," "anticipates," and similar expressions are intended to identify forward-looking statements. Statements regarding future events and developments and our future performance, as well as our expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected. The risks and uncertainties which could affect our financial condition or results of operations include, without limitation: our ability to keep our customers satisfied; availability of video-on-demand content; delays or cancellations of customer orders; changes in product demand; economic conditions; various inventory risks due to changes in market conditions; uncertainties relating to the development and ownership of intellectual property; uncertainties relating to our ability and the ability of other companies to enforce their intellectual property rights; the pricing and availability of equipment, materials and inventories; the concentration of our customers; failure to effectively manage change; delays in testing and introductions of new products; rapid technology changes; system errors or failures; reliance on a limited number of suppliers; uncertainties associated with international business activities, including foreign regulations, trade controls, taxes, and currency fluctuations; the highly competitive environment in which we operate and predatory pricing pressures; failure to effectively service the installed base; the entry of new well-capitalized competitors into our markets; the success of new products in both the VOD and ISD divisions; the availability of Linux software in light of issues raised by SCO Group; capital spending patterns by a limited customer base; and obligations that could impact revenue recognition.
Other important risk factors are discussed in our Form 10-K filed with the Securities and Exchange Commission on Sept. 7, 2004 and may be discussed in subsequent filings with the SEC. The risk factors discussed in such Form 10-K under the heading "Risk Factors" are specifically incorporated by reference in this press release. Our forward-looking statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.
Note to Editors: For additional company or product information from Concurrent, please contact Concurrent, 4375 River Green Parkway, Suite 100, Duluth, GA 30096. Call toll free in the U.S. and Canada at (877) 978-7363, fax (678) 258-4199. Readers can also access information through the company's Web site at www.ccur.com.
Concurrent Computer Corporation, its logo, iHawk and RedHawk are registered and unregistered trademarks of Concurrent Computer Corporation. The registered trademark Linux is used pursuant to a sublicense from the Linux Mark Institute, the exclusive licensee of Linus Torvalds, owner of the mark on a world-wide basis. All other product names are trademarks or registered trademarks of their respective owners.
--30--JAH/at*
CONTACT: Concurrent, Atlanta Laurie Sillay Lahr, 678/258-4000 laurie.sillay.lahr@ccur.com
KEYWORD: GEORGIA INDUSTRY KEYWORD: HARDWARE BANKING SOFTWARE TRADESHOW SOURCE: Concurrent Computer Corporation
Copyright Business Wire 2005
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