Magazine article American Banker

Informix Opens Hands-On N.Y. Software-Development Superstore

Magazine article American Banker

Informix Opens Hands-On N.Y. Software-Development Superstore

Article excerpt

Informix Software Inc., a leading supplier of data base technology, has opened a New York development facility geared toward financial services.

This site, an "information superstore," lets customers "come in and work with Informix and our software partners to design and prototype solutions for the financial industry," said Steven R. Sommer, vice president of enterprise solutions at the Menlo Park, Calif., company.

Informix, which spent more than $5 million on the new facility, has over 30 software partners participating, Mr. Sommer said.

"We believe it is a tremendous way to increase all of our productivity and to validate things that you are trying to do before you have to go out and install them," said Phillip White, Informix's chairman and chief executive officer.

Informix operates 10 other superstores around the world, but the one in New York is the first dedicated to financial services.

The company uses the stores to make better use of its partners, but whether the strategy improves sales remains an open question, said Andrew Brosseau, managing director at Boston-based Cowen & Co.

Financial industry customers speak positively about the newest facility. "We are very interested in the superstore," said Cynthia Meyn, chief information officer of Fuji Capital Markets Corp. "We think it will be an asset to the financial services industry."

Fuji Capital, based in New York, has been an Informix customer for five years and uses its technology "to help expedite our risk management process," Ms. Meyn said.

Mr. Sommer said developing a prototype at a vendor's facility is an attractive option for many financial companies.

"A lot of our customers don't want to spend six to 12 months working by themselves picking at a solution and potentially going down the wrong path," Mr. Sommer said.

Other expected benefits for banks include exposure to new technologies and reduced research and development risk, Mr. …

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