COMPOSITE SOFTWARE SUPPORTS SOA INITIATIVES FOR WACHOVIA CORPORATION

Composite’s Data Virtualization Delivers On-Demand Information to Front Office Operations

SAN MATEO, CALIF. — January 12, 2009 – Composite Software, Inc., the best-of-breed data virtualization leader, today announced that the nation’s fourth largest bank, Wachovia Corporation (recently merged with Wells Fargo & Company (NYSE: WFC), has selected its Composite Information Server™.  Industry-renowned for its leadership in customer service, Wachovia has deployed the Composite software in its Corporate Investment Banking line to deliver Holdings and Offerings information even faster to customers. 

With more than 125 different applications, Wachovia delivers a comprehensive suite of online products and services to its retail and small business customers, wealth management, commercial, corporate and institutional banking clients and employees.

Composite Software’s data virtualization layer simplifies the complexity of accessing siloed and disparate data sources -- across multiple operational areas. Composite’s technology reaches data where it is, and federates the disparate data into useful services and views, delivering what is needed, so that all the data appears as if it is in one location.  This virtual, data-integration solution makes data available from numerous legacy systems across Wachovia, thereby increasing the availability of critical information in customer-facing applications.

“The Composite Information Server’s ability to cache any of our data from multiple federated sources allows us to provide a single point of access for user applications, and delivers on-demand information as re-usable web services. This helps our sales people provide better service to our customers, therefore increasing business value and revenue,” said Sid Vyas, managing director, Corporate and Investment Banking Technology, Wachovia.  “Our data federation platform supports product and client data as well as the transaction data reporting and analytics to realizing our SOA strategy.”

When dealing with data integration, "there is a difference between art and execution," adds Sanjay Mishra, director of data architecture at Wachovia. “We need to get the execution right. We need the data to be right in order to get the trading and risk departments up and running. It must be deliverable."

Additionally, Composite Software’s technology plays an integral role in service-oriented architecture (SOA) initiatives that support delivery of best practices in shared services. These initiatives will accelerate applications’ time to market, therefore realizing their business value sooner.

###

 

About Composite Software, Inc.

Composite Software, Inc. is the leading independent provider of data virtualization software for IT and business professionals.  The company’s solutions discover and deliver information—across multiple locations and disparate data sources—to help enterprises solve day-to-day business problems faster, for less.  Expanding from its roots in enterprise information integration (EII), Composite’s solutions provide an important link between enterprise data and the desktop, complementing traditional physical data integration, while delivering greater flexibility and control for hundreds of customers, including five of the top six U.S. investment banks, five of the top ten pharmaceutical companies, software vendors including Cognos, Informatica and BMC, and U.S. Defense and Intelligence agencies.  Founded in 2002, Composite Software is a privately held, venture-funded corporation based in Silicon Valley. For more information, please visit www.compositesw.com.

  

Composite Software and Composite Information Server are registered trademarks or trademarks of Composite Software, Inc.  Copyright © Composite Software, Inc. 2009.