|Pricing Partners highlighted on the MSDN website - Aug 09|
Pricing Partners highlighted on the MSDN website
Paris-London: Pricing Partners (www.pricingpartners.com), the independent valuation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced today that its flagship online independent platform, Price-it Online is listed as a pioneer software editor on MSDN’s (Microsoft Developer Network) primary website.
Price-it® Online, independent valuation platform, has been recently supported by Microsoft as part of its assistance program to innovative start-ups working on the most promising Microsoft technologies. Through the support of Microsoft technologies, Pricing Partners embeds C + + under MVS 2008 with its Price-it Library, C # with its website and Net Grid Computing on the basis of techno IIS. Pricing Partners is about to release enhanced graphical view using Sivlerlight and will examine in the coming months the new Microsoft Cloud technology, Azure. Theses innovative technologies empower Pricing Partners to deliver primarily Saas Mode Internet services providing full transparency independent valuation on financial derivatives and structured products. Price-it® Online has thus been the subject of a strategic partnership between the French company and the Redmond giant through the IDEES program.
Lubomira Rochet, Business Development Manager of Microsoft comments “MSDN is both a platform and a community for developers to share their experience, insight and knowledge about language, tools and technologies. Pricing Partners’ flagship product, Price-it Online is a powerful application which integrates Microsoft technologies and provides highly valuable independent valuation services for their users. As part of our strategic program with Pricing Partners, it is a great pleasure to list them on our MSDN site dedicated to editors telling their innovation stories with Microsoft.”
René Anger, CTO of Pricing Partners comments “After an overview on different technology provider on hand, Microsoft emerges as the only one to tackle all challenges in terms of flexibility, performance and reliability required by the platform, Price-it Online. It is a great opportunity for Pricing Partners to share our innovation stories with other developers on MSDN website.”
Eric Benhamou, CEO of Pricing Partners and a former Goldman Sachs employee, adds “Working hands in hand with Microsoft has been instrumental in the development of our valuation platform. Transparency on financial products has become a major theme and concern. This has required us to use the latest innovative technologies and to choose the Microsoft technologies. Price-it online is the next generation platform to support active management for structured products. It has been recently adopted by two major American banks, four French banks. Its number of customers is rapidly growing and requires us to build something very robust and scalable. We are highly leveraging the Microsoft. Net C + +, C # and SQL Server technologies. I am therefore thrilled today to see our platform advertised on such a big community website as the one of MSDN". For more information about Pricing Partners on MSDN please refer to the following address: http://msdn.microsoft.com/fr-fr/isv/ee335959.aspx
Founded in 1975, Microsoft (quoted on the NASDAQ under the symbol MSFT) is the worldwide leader in software. The company develops and markets a wide range of software, accessories and services to professional and domestic use. Microsoft's mission is to bring expertise, innovation and passion behind it for projects, ambitions and creativity of its customers and partners to make technology their best ally in the 'expression of their potential. Founded in 1983, Microsoft France employs over 1 200 people. Since 1 February 2005, Microsoft France is chaired by Eric Boustouller.
The IDEES program was created in 2005 by Microsoft France in order to identify the leaders of the software industry of tomorrow and help them develop. This partnership program for young innovative companies adapts to different stages of life, based on four main fields of actions. The IDEA program provides a range of expertise and technological resources including access to the Microsoft Technology Center. It brings the guaranty of Microsoft and facilitates relationships between companies and potential customers, and accelerates its development. Furthermore, by facilitating access to the French ecosystem of software, the IDEAS program is a valuable tool for Fundraising (thirty VCs with which partnership agreements were created). Finally, Microsoft associate companies of its program to its communication and a large number of events organized or co-organized. At each stage, the IDEES and its partner ecosystem of innovation share their expertise in the form of advice and support strategic and creating real value added and a fertile environment for the development of the company. For more information about IDEES, visit http://www.microsoft.com/france/apropos/idees/default.aspx
About Pricing Partners
Set up by former professionals of the trading industry, Pricing Partners offers accurate solutions for derivatives products valuation, pricing tools and risk analytics. Thanks to Price-it online, a SaaS platform, Pricing Partners provides independent valuation from the vanilla to the most exotic financial products on most assets (Interest Rates, Fixed Income, Equity, Inflation, Credit, Foreign Exchange, Commodities, Life Insurance and Hybrid products). Pricing Partners develops and commercializes Price-it Excel, an analytic and independent pricing library using a generic payoff language description which allows the pricing of virtually any financial derivatives. Price-it also supports VaR, CVaR and the most common risk management tools. Pricing Partners is the only company completely mastering the chain of valuation, developing both its own pricing library and a valuation platform giving its clients very accurate and reliable valuation as a result of its intrinsic knowledge of the pricing tools. Pricing Partners solutions can be used by investment banks, buy side firms, hedge funds, financial departments, trading rooms and audit firms.
Pricing Partners has also signed numerous partnerships to distribute its technology with leading institutions like NYSE Euronext (for its independent valuation service via Primesource), Misys (for its pricing library integrated into Summit), CMA or Lexifi. It is also a Microsoft IDEES partner, an IBM, Sun, Datasynapse and ActiveEon partner. It is also a member of the grid research consortium GCPMF regrouping BNP Paribas, Calyon, Ecole Centrale, EDF, ENPC, the Inria, Natixis, Misys, Pars VI University and Supelec and a global coordinator of the Credinext consortium, in collaboration with Prime Source, Lunalogic, the Ecole Polytechnique, the ENPC, the University of Marne La Vallée and the INRIA.
Marketing Department, Pricing Partners
Tel: +33 1 5526 43 00
Fax: +33 1 5526 42 03
website : http://www.pricingpartners.com