Coral8 Named As 2008 Innovator of the Year by Windows in Financial Services Magazine

Windows in Financial Services (WSF) magazine names Coral8 (booth # 1507), the leading provider of Complex Event Processing (CEP) software, as 2008 Innovator of the Year. The award was presented last night at the Microsoft’s customer and partner reception held at SIFMA Technology Management Conference. Four companies, including Coral8, were honored for their innovative use of Microsoft technology to solve practical business problems, from maximizing productivity to streamlining operations, in today’s highly charged and competitive capital markets industry.

Coral8 software provides a scalable real-time processing engine as part of Microsoft’s capital markets trading solutions around algorithmic trading, market data analytics and trade compliance. The two companies recently published a white paper explaining the benefits of Coral8 CEP software integrated on a .NET/Windows platform stack.

“The combination of Coral8 Engine on the Microsoft software platform helps ensure high-performance and easy integration that capital markets customers have come to expect,” said Craig Saint-Amour, U.S. capital markets industry director, Microsoft. Coral8 integrated with Microsoft’s software platform in June 2007 to enable rapid implementation of high-throughput, low-latency applications.

“Coral8 was a clear choice for the 2008 WFS Innovator Award because of their demonstrated leadership in providing solutions that deliver results,” said Windows in Financial Services publisher Joe Viviani. “We evaluated companies of all sizes and the companies selected delivered ground-breaking applications and platforms that better serve the securities industry.”

The Windows in Financial Services Innovator Awards is in its third year and recognizes firms that have harnessed the flexibility, scalability and reliability of Microsoft technology to remove obstacles to progress and create new opportunities. Windows in Financial Services provides real-world case studies showing how firms are implementing new solutions built on the Microsoft platform.

“We enjoy working with Microsoft on capital markets solutions because Microsoft represents similar values as Coral8 – a dedication to developers and powerful, easy to implement software,” said Terry Cunningham, CEO of Coral8, Inc. “We are also honored to be recognized by Windows in Financial Services, as such an award validates our commitment to innovation and best-of-breed solutions.”