Xignite Announces First On-Demand Web Service for Index Component Data

Customer Index Oasis Reports Immediate Return on Investment and a 35 Percent
Reduction in Time to Market Using New XigniteIndexComponents Web Service

SAN MATEO, Calif.--(Business Wire)--
Xignite, Inc., the leading cloud services provider of on-demand global financial
market data and application components, today announced XigniteIndexComponents,
the first on-demand web service to provide index component data. With
XigniteIndexComponents, companies can easily access the data they need to make
index-driven financial decisions via Xignite`s on-demand web services, which
substantially reduce the total cost of accessing financial market data. Index
Oasis, the first customer to use the XigniteIndexComponents, has reported an
immediate return on investment and attributes a 35 percent reduction in time to
market to the service.

XigniteIndexComponents covers more than 40 major indices, including the Dow
Jones Industrials and the S&P 500. It provides an up-to-date list of securities
that make up indices and, for many of the indices, it also includes detailed
weighting data about how much each security contributes to the overall index
value. As an on-demand web service, organizations can now leverage this data to
obtain only the data they need, without the heavy up-front investment in
infrastructure, ongoing maintenance costs and lengthy development effort
required by traditional financial data providers.

Index Oasis, a company focused specifically on index analysis, is using
XigniteIndexComponents as a primary source for mission-critical data. With
XigniteIndexComponents, Index Oasis helps financial advisors, money managers and
investors manage their portfolios more wisely with a cutting-edge, web-based
software platform. Index Oasis customers overcome the current market challenges
by comparing and contrasting analysis on the constituent securities that make up
major indices. XigniteIndexComponents provides Index Oasis with the index
pricing and constituent information needed to perform their in-depth index
analysis.

After evaluating numerous data sources, Index Oasis chose Xignite based on
Xignite`s on-demand delivery as well as Xignite`s best-in-class products and
depth of financial data knowledge. Index Oasis realized an immediate return on
investment, which it attributes to fast, easy integration with no need for
up-front investments in hardware or software infrastructure.

"Xignite`s on-demand delivery model using web services cut our time to market by
roughly 35 percent compared with traditional methods of integrating financial
data, which was a key factor in our decision because it allowed us to pursue
other high value initiatives," said Joe Lesters, CEO of Index Oasis. "We
consider Xignite an extension of our own personnel and now think of them
exclusively for our market data needs."

"At Xignite, we are finding a growing demand for financial Web services in the
enterprise and in financial institutions, where economic pressures dictate
significant reductions in IT expenditures, and among small companies that could
not previously afford to obtain costly financial information," said Stephane
Dubois, CEO of Xignite. "With XigniteIndexComponents, we are taking another step
in opening up the market for financial information by using Web services and
on-demand delivery to dramatically reduce the cost of sourcing market data."

About Index Oasis

Index Oasis is an independent third party company dedicated to global stock
market index evaluation and analytics. It serves the financial services
community by giving advisors, money managers and investors access to index
profiles, asset allocation tools and standard financial models in an intuitive,
cutting-edge web based software platform. Index Oasis customers obtain
advantages over competitors being able to compare and contrast constituent
analysis, risk/return analytics and index breakdowns to help discuss, breakdown
and propose solutions to the complex financial landscape. In current market
conditions, it has become increasingly important for advisors, money managers
and investors to base financial investment decisions through analytical
analysis. For more information, visit http://www.indexoasis.com/.

About Xignite

Xignite is the leading cloud services provider of on-demand, global financial
market data and application components. The Xignite financial Web services and
mash-up platform helps companies build smarter websites and software
applications in minutes with zero investment and cost-effective, subscription
pricing. Xignite offers over 50 solutions covering domestic and global equities,
commodities, currencies, fixed income and interest rates, company fundamentals,
corporate information and more. Xignite solutions power mission-critical
applications and financial websites for more than 400 global clients, including
Forbes.com, kaChing.com, NetSuite, Citi, GE Commercial Finance, ING, Starbucks,
Wells Fargo and Wendy's. For more information, visit www.xignite.com or call
1-866-XML-SOAP.

Schwartz Communications
Annie Klein, 415-512-0770
xignite@schwartz-pr.com

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