Volante Technologies, a New York data management software vendor, at the Securities Industry and Financial Market Associations technology event today is expected to announce that its offering customers a new enterprise-level pricing model for its data integration and governance tools.
Volantes Designer and Director, desktop applications for data integration and metadata management, will now also be available by annual subscription, instead of only perpetual. The new fee will be about 75 percent lower upfront than the perpetual licensing fee and will include all maintenance and upgrades. Contracts must be signed for a minimum of four years.
Volantes software, which also extracts and archives metadata, automatically generates integration code for any platform, application, network or message type. Designer supports the FIX trading protocol, the Fast protocol for high-speed delivery of market data, Swift messaging formats, XML and vendor formats.
Volante says the new price structure is meant to help firms address their budgetary concerns and obtain the benefits of standardized integration for all new products.
There is a huge demand today for a single integration solution to serve both low-latency needs and downstream data movement, said Vijay Oddiraju, Volantes chief executive. With our new sensible pricing, full return on investment arrives even faster.
Oddiraju would not elaborate on the new annual fee structure, but said that it makes the difference between a six-figure up-front investment and a seven-figure investment.
Volantes new enterprise-price structure, said Oddiraju, has already won the firm new business from a national infrastructure, a corporate treasury department and an industry service bureau. Not including the three new accounts, Volante has 50 financial firms, market infrastructure companies, and service bureaus as clients.
This article can also be found at SecuritiesIndustry.com.
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