CHANTILLY, Virginia and NEW YORK, February 25 /PRNewswire/ --
- Solution provides complete monitoring of complex multi-vendor trading infrastructures
Endace Ltd (LSE/AIM: EDA), a world leader in network monitoring solutions, and Correlix, Inc., a financial industry leader in Latency Intelligence solutions, today extended their partnership to offer the first integrated network monitoring and latency intelligence platform for the capital markets industry. The joint solution, Endace NinjaProbe(TM) with Correlix Latency Intelligence(TM) integrates latency monitoring and analysis software into a multi-function probe and sensor. The combined solution will be sold by Endace and provides latency monitoring and optimization for market data and trade execution flows along with high speed data storage, network analysis, visualization and data mining.
Buy side, sell side and exchange environments struggle with the ability to quickly pinpoint latency bottlenecks, and react in real-time to capitalize on market opportunities. Having a holistic network view of trade execution and market data distribution is essential. By adding Correlix Latency Intelligence to NinjaProbe, users will be able to trace transactions across a distributed enterprise-wide network without adding any additional latency or affecting application performance.
Our NinjaProbe coupled with Correlix's trading-level latency intelligence and innovative correlation technology introduces a unique solution into the market space, said Mike Riley, CEO of Endace. We're enabling users to track their complete trading and market data flow in real time while simultaneously monitoring, capturing and managing the underlying raw network data for deep technical analysis.
As the low-latency trading era becomes more sophisticated and evolves from low-latency component investments to understanding complex multi-layer latency in trade systems and market data flows, we believe this integrated solution addresses the needs of our typical trading desk customer and their network team, said Shawn Melamed, CEO Correlix.
Under the terms of the agreement, Correlix will also resell Endace DAG cards and NinjaBoxes integrated with their Latency Intelligence software. The new Endace NinjaProbe with Correlix Latency Intelligence solution will be showcased at TradeTech Architecture 2009; Tower Hotel, London, February 25th to 26th, 2009. For more information, please visit http://www.wbresearch.com/tradetecharchitecture/.
For organisations that rely on their data networks to do business, Endace provides high performance traffic analysis, latency measurement, network security and application acceleration solutions that capture, inspect and report on every single data packet. Our product portfolio includes high-speed packet capture technology, open development environments, multi-function network monitoring appliances and a comprehensive range of powerful yet intuitive management, measurement, alerting and analysis applications. These products provide the broadest, most capable range of packet capture technology, for any interface, speed or packet type. We enable our customers to be confident in their service performance, traffic monitoring, information security, and regulatory compliance. Based in Auckland, New Zealand, Endace also has offices in the UK, USA and Singapore. Quoted on AIM, the stock code is LSE: EDA. For further information: http://www.endace.com.
Endace, the Endace logo, DAG, NinjaBox and NinjaProbe are trademarks or registered trademarks in New Zealand or other countries of Endace Technology Limited. All other trademarks may be the property of their respective holders.
Correlix Inc. provides Latency Intelligence(TM) software that pinpoints and quantifies sources of latency for the capital markets industry. Customers rely on Correlix to monitor measure and minimize latency in trade execution and market data flow in real-time. This empowers users to execute a trade or deliver and act on market data in fewer milliseconds. Correlix customers include capital market firms on the buy and sell-side and in exchange environments.
Established in 2005, Correlix is headquartered in New York with research and development offices in Israel. Correlix is venture financed by Sequoia Capital, Genesis Partners, Blumberg Capital, Vernon Park Capital, L.P. and Xenia Ventures. For more information, visit www.correlix.com.
Latency Intelligence is a trademark of Correlix Ltd.
Steve Gleave, VP Marketing of Endace Limited, +1-703-378-0601, ext. 105; or Robin Clark, PR UK, +44-(0)20-7067-0522, RClark@webershandwick.com, or Smita Rode, PR USA, +1-415-248-0117, SRode@webershandwick.com, or Nick Oborne or Stephanie Badjonat, IR, +44-(0)20-7067-0700, all of Weber Shandwick, for Endace; or Sheryl Lee, +1-917-320-6462, Sheryl.email@example.com, or Tinne Teugels, +1-917-320-6458, Tinne@metia.com, both of Metia, for Correlix