Archive for January, 2011

ProQueSys Ships Network And Security Monitoring Software

January 31st, 2011

Process Query Systems (ProQueSys) has shipped the first of what the company says will be a quarterly series of updates to its FlowTraq network flow monitoring product. New features in this version include support for virtual local area networks (VLAN) and autonomous systems (AS); improved filtering; and enhancements to the user interface, as well as improvements in speed.

The software, which was introduced as a standalone product for the first time last fall, offers three functions: monitoring the network to look for problems, performing forensics to determine whether the problem has occurred previously and anticipating threats by using baseline information to look out for problems in the future. Network flow data is generated by infrastructure devices such as switches and routers.

Chris St. Myers, a senior security engineer for Rackspace Hosting Inc., a San Antonio-based hosting and cloud computing company, has been beta-testing the new version and says he was primarily interested in the product’s speed improvements. To be able to search through 96 gigabytes an hour and eight months of traffic, “is really neat,” he says.

While his company’s network group has other tools to look for intruders, he can use the software to find more subtle attacks that might not show up as a big enough event on the other group’s software. “If we’re seeing something weird, traffic coming from a website it normally doesn’t, we can pick that out.”

Support for tracking AS is something that many of ProQueSys’ Internet Service Provider (ISP) users have been requesting, says Vincent Berk, chief executive officer of the Lebanon, N.H., company. The software now offers ISPs the ability to track the exact volumes of traffic through AS, and also track where abuse might be coming from. This is important in today’s Internet because it gives the ISPs the ability to shut off the abusers or throttle them, he says. The increased ability to filter means that network administrators can now look at data after the fact, such as checking to see whether an employee leaving an organization has transferred files to their home computers or their new employers, he says.

VLAN and AS support brings the product up to par with other products in the market, and the enhancements to the user interface and new filtering techniques will improve operator efficiency, said Jim Frey, research director for Enterprise Management Associates Inc., a Portsmouth, N.H., consultancy.

Beyond that, the update is most relevant as proof that the company is committed to regular, continuous improvement through an aggressive quarterly release schedule, he says. The core strength of FlowTraq continues to be the blazing speed with which flow data can be navigated and analyzed, coupled with the fact that it retains all flow records for far longer than others in the marketplace, which is huge for forensic accuracy when studying either network performance or security issues, Frey says.

FlowTraq pricing starts at $9,600 for a small installation and ranges from $20,000 to $40,000 for large, distributed installations. The new version is available now.

Source:http://www.networkcomputing.com/wan-security/proquesys-ships-network-and-security-monitoring-software.php

ETNA Software officially unveils ETNA Robot 1.2 – a robust algo trading solution.

January 31st, 2011

ETNA Software has launched a new version of its complex solution for algorithmic trading.

ETNA Robot is a robust solution for anyone who is looking for a low latency and high frequency automated trading platform. With 2000 orders per sec on a basic 4-core Xeon and impressive 3000+ on a 24-core config it lets clients run custom strategies written in native Java or C#.

Distributed architecture and the ability to install in client’s environment provide a means for ETNA Robot to run hundreds of strategies for any asset class and make it an ideal solution for funds. ETNA Robot can be integrated with any market in the world through the latest FIX or direct API connection versions.

“ETNA Robot is also appropriate for big retail traders”, – said Roman Zhukov, ETNA Software CEO. “Due to flexible pricing models and advanced scripting strategies it becomes a handy tool for everyone who aims at going beyond mediocre performance of desktop trading platforms”.

It comes handy particularly during market moving events when speed of generating signals and execution is crucial to overall profitability.
Deployment can be accomplished in two weeks’ time thus enabling a stunning time to market for client’s strategies.

ETNA Software Corp was founded in 2002 with HQ in New York and two development centers in Eastern Europe.

ETNA Software makes specialties of trading platforms, algorithmic trading, asset allocation and portfolio management tools and FIX connectivity.

A proud member of FIX Protocol, ETNA Software is continuously refining on its market connectivity solutions and offering rapid and reliable connections to every market data feed.

ETNA products are well-recognized and were awarded a prestigious Barrons Magazine Awards.

Source:http://www.bobsguide.com/guide/news/2011/Jan/31/ETNA_Software_officially_unveils_ETNA_Robot_1.2_%E2%80%93_a_robust_algo_trading_solution..html

Servant Systems Implements Franchise Software for Domino’s Pizza Guatemala and Jamaica

January 31st, 2011

Don DeSmith, President of Servant Systems, announced that two more Domino’s Pizza multi-unit franchises in the Caribbean have contracted to use Servant Systems’ software in their operations. Following the Domino’s Pizza Dominican Republic’s 26-Store recent activation of Servant Systems’ Domino’s Pulse™ Polling software, Domino’s Pizza Guatemala (Mayorpit, SA – 30 stores) and Domino’s Pizza Jamaica (Wisynco Foods Limited – nine stores) have also commissioned the Ann Arbor software developer to implement its Domino’s Pulse™ Polling software. Domino’s Pizza Jamaica is additionally implementing another Servant Systems product, the Domino’s Pulse™ Franchise Office System.
The Domino’s Pulse™ Franchise Office System integrates a multiple-unit franchisee’s headquarters financial, payroll and overtime, general ledger accounts and other store information with franchisor Domino’s Pizza’s system-wide PULSE™ in-store order entry system.
In the US, 26 multi-unit Domino’s franchises comprising more than 800 stores have been using the Domino’s Pulse™ Polling software since it was first deployed in 2010 as a companion to the Franchise Office System. The Polling software displays a dashboard to users while simultaneously polling multiple stores as store information is updated. It also stores database backups and selected reports for multiple years with immediate access to those reports.

Source:http://www.prnewswire.com/news-releases/servant-systems-implements-franchise-software-for-dominos-pizza-guatemala-and-jamaica-114931759.html

Best BPM Software Download and Comparison: 2011 Reviews

January 31st, 2011

Compare and download top professional, free, or open source business process management software (BPMS) tools for project automation.

Which are the best business process management software programs for 2011? Can a small business manager download a free or open source BPM automation software tool from Internet? A reader may find simple answers for these questions and an easy to use guide for choosing a good BPM software application from this article.

Business process management (BPM) software is a kind of workflow computerized solution.

It can help an executive easily manage a BPM life cycle that covers the processes of business design, modeling, implementation, monitoring, and optimization. …

Source:http://story.malaysiasun.com/index.php/ct/9/cid/f825b92e19df636a/id/42513552/ht/Best-BPM-Software-Download-and-Comparison-2011-Reviews/

Research guarantees proper integration of software components

January 31st, 2011

The development of complex software systems like ecommerce applications, is very challenging. They consist of many small components that have to be integrated into one system, while guaranteeing their functionality. David Costa from the Centrum Wiskunde & Informatica (CWI) in Amsterdam, studied how complex software systems can be made more reliable. On 13 December he received his PhD for his dissertation” Formal Models For Component Connectors” at the Vrije Universiteit Amsterdam. The results of his research can be applied by software developers.

In an ecommerce system software components of multiple functionality such as ‘search’, ‘recommendations’ or ‘spellchecking’ are integrated. A main bottleneck in this process is the proper integration of the different components. For instance, the recommendations in the e-commerce system should be in line with the keyword typed in the search box. It often happens that in complex systems part of the integration fails, leading to errors in the computer program.

In his research Costa developed formal models for component connectors, the ‘glue’ that integrates the different software components together. Costa proved mathematically that the proper integration of the different components is guaranteed. This allows software developers, instead of re-inventing the wheel, to focus on re-using existing software components and build as a result more complex systems. To a certain limit, software developers were already building software systems along this principle. With the research of Costa these limitations were pushed down significantly.

David Costa formed part of the research group Foundations of Software Engineering at CWI, under the leadership of Frank de Boer. The research of the group focuses on concurrent distributed software systems and encompasses foundations, technology, and applications, specifically in the context of component-based software engineering and service-oriented computing. Costa has applied the results of his research at Fredhopper, a leading company in the ecommerce marketing software industry.

Source:http://www.cwi.nl/news/2011/research-guarantees-proper-integration-of-software-components

AIB claim for €84m against software firm

January 31st, 2011

AIB has begun a claim for almost €84m against a company which supplied it with new software for its retail banking operations.
The bank claims it lost this amount of money in connection with a project to put new software in place in its retail division. It says this figure does not take into account other losses which have yet to be calculated.
The proceedings by AIB against Oracle Financial Services Software were admitted to the commercial division of the High Court this morning.
The court was told in sworn documents submitted by the bank that there was an agreement in 2007 that Oracle Financial Services Software BV, (formerly known as I-flex software solutions BV), based in the Netherlands, would provide software and services to the retail banking division.
A second company, Oracle Financial Services Software Limited, based in India (I-flex software solutions Ltd) was to guarantee the performance of the first company’s obligations.
The court heard that the implentation of the software product – known as Flexcube – was beset with serious technical problems and project management shortcomings between March 2007 and March 2010.
By the end of 2009, only 3,000 out of a total of 5 million customer accounts had been switched over to the new system.
In March 2010, work on implementing the Flexcube product stopped and the bank has had to continue using its existing retail banking system.
The bank says all costs and expenditure it incurred in connection with the project have been wasted. It says the company gave it repeated assurances that the problems would be rectified.
AIB says it was induced to enter into the agreement with the company by misrepresentations made by people working for the company. It is seeking damages for misrepresentation, and damages for breach of contract and negligence.

Source:http://www.rte.ie/news/2011/0131/aib-business.html

UPDATE 2-Check Point Software’s Q4 profit beats forecasts

January 31st, 2011

Internet and network security provider Check Point Software Technologies (CHKP.O) posted a record fourth-quarter profit on Monday that beat its own and market forecasts, driven by strong demand for its products and growing market share.

“The results surprised even us,” Chairman and Chief Executive Gil Shwed told a news conference. “All our markets were good this quarter. The U.S. market has surprised us positively. The United States added strongly to our results.”

North America, which accounts for 40 percent of the Israel-based company’s sales, is its strongest market, he added.

While overall demand for security products has grown, Shwed said he can also see that Check Point has gained market share from its competitors.

“In the past year we grew 19 percent and the market grew 5 to 10 percent so we greatly increased our market share,” he said.

Shwed said the main driver behind Check Point’s growth has been its core products for securing networks.

But it has also expanded its product line, launching in the fourth quarter its mobile access software blade providing one-click access to corporate data from Apple Inc (AAPL.O) iPhones and iPads. This will be expanded soon to Android-based phones.

Shwed said it already has 1,000 customers for the product.

“We will be announcing new products and strategies in the coming weeks,” Shwed said, including the launch of its application control technology that classifies and controls over 100,000 Web applications.

Data leakage is an attractive area though not an easy one to handle as the human factor is very significant, he said, adding that the WikiLeaks saga had brought more attention to the need to secure networks.

“In my entire career this is the first time I see CEOs wanting to prevent security leaks — not just saying security is important and passing it on to someone else but really wanting to know what’s happening in their companies,” he said.

Armed with over $2.4 billion in cash, Check Point is seeking more acquisitions.

“When we find something, we will be happy to buy,” Shwed said, adding that Check Point expects to hire about 150 workers this year, similar to the number added in 2010.

Excluding items, the company earned 73 cents a share in the fourth quarter compared with 61 cents a year ago as revenue jumped 17 percent to $318.5 million.

Analysts, on average, were expecting earnings of 69 cents a share, excluding items, on revenue of $306 million.

“We remain bullish on Check Point shares given strong fourth-quarter results and expect it to provide solid 2011 guidance given existing strong secular trends in network security and appliances,” Oppenheimer analyst Shaul Eyal said. (Additional reporting by Sakthi Prasad in Bangalore; Editing by Steven Scheer, Greg Mahlich)

Source:http://www.reuters.com/article/2011/01/31/checkpoint-idUKSGE70U08M20110131

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