Mercator Partners With BEA Systems To Jointly Market Integration Solutions
Announcement posted by Mercator Software 13 Jun 2002
Solutions Target High-Priority STP, HIPAA, EDI, and XML Industry Initiatives
Mercator Software today announced it is partnering with BEA Systems, to jointly sell Mercator Solutions(tm) and the BEA WebLogic Enterprise Platform(tm) to customers in the financial services, healthcare, insurance, manufacturing, retail and distribution industries. Together, Mercator and BEA provide a best-of-breed solution for companies to transform the management of complex information value chains, allowing them to compete more effectively and operate more efficiently.
Under the terms of the agreement, BEA and Mercator will jointly market a number of Mercator Solutions(tm), including Mercator GSS for GSTPA and Mercator GSS for SWIFT ISO 15022; Mercator HIPAA Integration for Healthcare; and Mercator Straight Through Processing Solutions for both Financial Services and Insurance. Additionally, Mercator and BEA will integrate Mercator Solutions, including EDI and XML technology, with BEA WebLogic Integration to enable out-of-the-box connectivity.
"Ultimately, enterprises must be able to create integration to support increasingly complex, yet very dynamic, value chain trading," said Joanne Friedman, Vice President of Electronic Business Strategies at META Group. "By joining object integration with a strong application server platform, the hybrid can provide more benefits for enterprise customers, particularly for companies that need to create and deploy reusable business process objects and composite Web services at lower cost, with less risk and higher return."
Industry initiatives such as straight through processing (STP) and the Health Insurance Portability and Accountability Act (HIPAA) are changing how financial services, insurance, and healthcare providers conduct their business. To compete effectively and ensure regulatory compliance, companies must automate business processes, streamline the flow of information between customers, providers and business partners, and reduce operational costs.
To achieve these goals, companies are investing in application infrastructure and integration technologies. TowerGroup estimates the financial services industry will spend $19 billion on STP solutions globally; according to the American Hospital Association, the U.S. hospital industry could spend up to $22.5 billion on HIPAA compliance.
Mercator and BEA are partnering to address this market need, providing the core business process management, enterprise application integration, B2B integration, Web services, data transformation, and connectivity capabilities required by customers.
Mercator Solutions and the BEA WebLogic Enterprise Platform provide complementary capabilities. Mercator Solutions are built on top of Mercator Integration Broker, Mercator's core technology featuring world-class data transformation, routing, and integration. They provide customers with industry-specific applications to solve critical, highly complex business integration problems such as global straight through processing of financial transactions, healthcare claims adjudication and processing, and high transaction volume EDI and XML integration for manufacturing, retail, and distribution customers. The BEA WebLogic Enterprise Platform features an integrated, robust, and pluggable architecture for messaging, B2B integration, and business process management, built on top of BEA's market-leading application server to provide the reliability, availability, and scalability needed for mission-critical enterprise systems.
BEA WebLogic is used by 100 percent of the Fortune Global 500 financial securities and diversified financial companies to run mission-critical applications for trading, settlement, and online service delivery, including reporting and management systems, transaction processing, and Web-enabled access to core systems. In healthcare and insurance, BEA software also powers 100 percent of the Fortune 500 Pharmaceutical companies, the majority of the Fortune Global 500 Healthcare companies, and the majority of the Fortune Global 500 Insurance companies.
Mercator GSS provides connectivity to the Global Straight Through Processing Association's Transaction Flow Manager and to Omgeo's Central Trade Manager. Mercator GSS is used by the majority of the broker/dealers, asset managers, global custodians, and other financial institutions actively adopting the new international trade and settlement standards set by the Global Straight Through Processing Association (GSTPA). Mercator is also a leader in SWIFT ISO 15022 connectivity for financial services as well as in HIPAA integration and straight through processing for the healthcare and insurance industries.
"This alliance strengthens our ability to jointly approach the marketplace and provide our customers with more turnkey solutions for straight through processing in financial services, healthcare, and insurance," said Gail Ennis, Vice President, Solution Marketing, BEA Systems, Inc. "We have seen growing demand from our customers for the types of solutions BEA and Mercator can offer together."
Mercator, General Manager, Australia and New Zealand, Nathan Bray said: "Mercator and BEA are meeting customer needs in our targeted industry markets by combining BEA and Mercator's application server and integration technologies with Mercator's unique industry integration solutions. The result is fast and efficient software-based solutions that produce demonstrable ROI. We look forward to a long and fruitful relationship with BEA dedicated to jointly serving our mutual customers."
-ends-
About Mercator
Mercator Software's intelligent business integration solutions unify any internal operations and connect them with partners and customers while leveraging current technology investments. Over 7,000 businesses, including more than 1,100 enterprise customers in financial services, healthcare, utilities, manufacturing, retail, and distribution, use Mercator software to maximise their performance. Additional information about Mercator (Nasdaq: MCTR) may be found at www.mercator.com.
Mercator is a registered trademark of Mercator Software, Inc.
About BEA
BEA Systems, Inc. (Nasdaq: BEAS) is the world's leading application infrastructure software company, providing the enterprise software foundation for 13,000 customers around the world, including the majority of the Fortune Global 500. BEA and its WebLogic brand are among the most trusted names in business. Headquartered in San Jose, Calif., BEA has 91 offices in 33 countries and is on the Web at www.bea.com. BEA, BEA Tuxedo, BEA WebLogic, BEA WebLogic Enterprise, BEA WebLogic Enterprise Platform, BEA WebLogic Server, BEA WebLogic Integration, BEA WebLogic Portal, BEA WebLogic Integration Business Connect and BEA WebLogic Workshop are trademarks or registered trademarks of BEA Systems, Inc. All other company and product names may be trademarks of the company with which they are associated.
Under the terms of the agreement, BEA and Mercator will jointly market a number of Mercator Solutions(tm), including Mercator GSS for GSTPA and Mercator GSS for SWIFT ISO 15022; Mercator HIPAA Integration for Healthcare; and Mercator Straight Through Processing Solutions for both Financial Services and Insurance. Additionally, Mercator and BEA will integrate Mercator Solutions, including EDI and XML technology, with BEA WebLogic Integration to enable out-of-the-box connectivity.
"Ultimately, enterprises must be able to create integration to support increasingly complex, yet very dynamic, value chain trading," said Joanne Friedman, Vice President of Electronic Business Strategies at META Group. "By joining object integration with a strong application server platform, the hybrid can provide more benefits for enterprise customers, particularly for companies that need to create and deploy reusable business process objects and composite Web services at lower cost, with less risk and higher return."
Industry initiatives such as straight through processing (STP) and the Health Insurance Portability and Accountability Act (HIPAA) are changing how financial services, insurance, and healthcare providers conduct their business. To compete effectively and ensure regulatory compliance, companies must automate business processes, streamline the flow of information between customers, providers and business partners, and reduce operational costs.
To achieve these goals, companies are investing in application infrastructure and integration technologies. TowerGroup estimates the financial services industry will spend $19 billion on STP solutions globally; according to the American Hospital Association, the U.S. hospital industry could spend up to $22.5 billion on HIPAA compliance.
Mercator and BEA are partnering to address this market need, providing the core business process management, enterprise application integration, B2B integration, Web services, data transformation, and connectivity capabilities required by customers.
Mercator Solutions and the BEA WebLogic Enterprise Platform provide complementary capabilities. Mercator Solutions are built on top of Mercator Integration Broker, Mercator's core technology featuring world-class data transformation, routing, and integration. They provide customers with industry-specific applications to solve critical, highly complex business integration problems such as global straight through processing of financial transactions, healthcare claims adjudication and processing, and high transaction volume EDI and XML integration for manufacturing, retail, and distribution customers. The BEA WebLogic Enterprise Platform features an integrated, robust, and pluggable architecture for messaging, B2B integration, and business process management, built on top of BEA's market-leading application server to provide the reliability, availability, and scalability needed for mission-critical enterprise systems.
BEA WebLogic is used by 100 percent of the Fortune Global 500 financial securities and diversified financial companies to run mission-critical applications for trading, settlement, and online service delivery, including reporting and management systems, transaction processing, and Web-enabled access to core systems. In healthcare and insurance, BEA software also powers 100 percent of the Fortune 500 Pharmaceutical companies, the majority of the Fortune Global 500 Healthcare companies, and the majority of the Fortune Global 500 Insurance companies.
Mercator GSS provides connectivity to the Global Straight Through Processing Association's Transaction Flow Manager and to Omgeo's Central Trade Manager. Mercator GSS is used by the majority of the broker/dealers, asset managers, global custodians, and other financial institutions actively adopting the new international trade and settlement standards set by the Global Straight Through Processing Association (GSTPA). Mercator is also a leader in SWIFT ISO 15022 connectivity for financial services as well as in HIPAA integration and straight through processing for the healthcare and insurance industries.
"This alliance strengthens our ability to jointly approach the marketplace and provide our customers with more turnkey solutions for straight through processing in financial services, healthcare, and insurance," said Gail Ennis, Vice President, Solution Marketing, BEA Systems, Inc. "We have seen growing demand from our customers for the types of solutions BEA and Mercator can offer together."
Mercator, General Manager, Australia and New Zealand, Nathan Bray said: "Mercator and BEA are meeting customer needs in our targeted industry markets by combining BEA and Mercator's application server and integration technologies with Mercator's unique industry integration solutions. The result is fast and efficient software-based solutions that produce demonstrable ROI. We look forward to a long and fruitful relationship with BEA dedicated to jointly serving our mutual customers."
-ends-
About Mercator
Mercator Software's intelligent business integration solutions unify any internal operations and connect them with partners and customers while leveraging current technology investments. Over 7,000 businesses, including more than 1,100 enterprise customers in financial services, healthcare, utilities, manufacturing, retail, and distribution, use Mercator software to maximise their performance. Additional information about Mercator (Nasdaq: MCTR) may be found at www.mercator.com.
Mercator is a registered trademark of Mercator Software, Inc.
About BEA
BEA Systems, Inc. (Nasdaq: BEAS) is the world's leading application infrastructure software company, providing the enterprise software foundation for 13,000 customers around the world, including the majority of the Fortune Global 500. BEA and its WebLogic brand are among the most trusted names in business. Headquartered in San Jose, Calif., BEA has 91 offices in 33 countries and is on the Web at www.bea.com. BEA, BEA Tuxedo, BEA WebLogic, BEA WebLogic Enterprise, BEA WebLogic Enterprise Platform, BEA WebLogic Server, BEA WebLogic Integration, BEA WebLogic Portal, BEA WebLogic Integration Business Connect and BEA WebLogic Workshop are trademarks or registered trademarks of BEA Systems, Inc. All other company and product names may be trademarks of the company with which they are associated.