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WebServius Opens New Revenue Opportunities for Financial Data Provider Mergent, Allowing It to Sell Data in the Cloud(August 02, 2010)
SUNNYVALE, CA -- (Marketwire) -- 08/02/10 -- WebServius, Inc. has announced today that Mergent, a leading provider of business and financial data, has launched a series of innovative online machine-readable data offerings called "Mergent APIs" powered by the WebServius Data Monetization Platform. These offerings allow access to Mergent's unique database of financial information on publicly traded companies in a way that minimizes integration costs and makes the data attractive to a much wider range of potential customers than the one Mergent traditionally serves, thus creating significant opportunities for new revenue.
Initially, Mergent APIs will offer access to information on US and Canadian public companies, including fundamental information, current and historical financial statements, information on executives (including biographies, compensation, insider holdings and insider transactions), as well as historical annual reports. Additional data is expected to be exposed over the next several months, including corporate actions and historical stock prices.
"Through our relationship with WebServius we are bringing added flexibility and customization capability to our services and again proving our ability to work with partners to the benefit of our customers," says Jonathan Worrall, Mergent's CEO. "In addition to accessing Mergent's databases via our suite of desktop applications and data feeds, our clients now have the option to tailor Mergent data to suit their specific requirements by retrieving only the data elements they need through an intuitive API."
Compared to traditional methods of delivering data, the WebServius Data Monetization Platform powering the Mergent APIs enables a significantly cheaper, quicker and easier integration process, based on widely adopted REST API and XML technologies. This eliminates the need to deal with bulky data feeds in legacy formats. Data is kept "in the cloud" and individual data points are delivered on an as-needed basis, instead of requiring buyers to download an entire data feed at once.
Mergent APIs feature a self-service subscription process for data buyers and pay-per-use data pricing, providing a compelling alternative to inflexible "all-or-nothing" annual data feed subscriptions. Mergent retains full control over data pricing and licensing terms, which can be easily configured by Mergent representatives through the WebServius Data Monetization Platform interface.
"The ease of use and flexibility of the system are its most enticing features," said Eugene Osovetsky, WebServius CTO. "An individual iPhone app developer with an innovative idea for displaying financial data can easily sign up on the self-service site, put in their payment information and be up and running with access to live data in a matter of minutes. Yet, the solution can easily scale to serve large financial websites or internal hedge fund applications, requiring thousands of data points per minute."
For more information on the financial data offered through the Mergent APIs, including a free trial and pricing information, see http://www.mergent.com/servius. For more information on WebServius data monetization technology that allows data providers to benefit from the cloud opportunity, see http://www.webservius.com/corp/benefits.html.
About WebServius: WebServius, Inc. provides innovative data monetization solutions to sellers of machine-readable data. By putting data in the cloud and distributing it on an on-demand basis, exposing it using Web API standards that minimize integration costs, and enabling self-service and pay-per-use experiences, WebServius attracts new data buyers and thus unlocks hidden revenue potential of existing data assets. The company is based in Sunnyvale, CA. For more information, visit www.webservius.com or contact Eugene Osovetsky at (866)706-9043.
About Mergent: Mergent, Inc. is a leading provider of business and financial information on global publicly listed companies. Based in the U.S., the company maintains a strong international presence, with offices in New York, Fort Mill, San Diego, London, Tokyo and Melbourne. With roots tracing back to 1900, Mergent operates one of the longest continuously collected databases of: descriptive and fundamental information on domestic and international companies; pricing and terms and conditions data on fixed income and equity securities; and corporate action data. Mergent delivers this data through desktop applications, data feeds and other custom services to a global client base. For more information, visit www.mergent.com.
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