Composite Signs Wachovia Up as Customer

Composite Software has announced that the nation’s fourth largest bank, Wachovia Corporation (well, fourth largest after its merger with Wells Fargo & Company), has selected its Composite Information Server. Wachovia officials say the Composite software will be put in its Corporate Investment Banking line to help with holdings and offerings information for customers. 

The company's data virtualization layer is intended to simplify “the complexity of accessing siloed and disparate data sources,” according to the Compositians, who say the technology “reaches data where it is” and “federates the disparate data into services and views.”

The server’s ability to “cache our data from multiple federated sources” was one of the key selling points, according to Sid Vyas, managing director, Corporate and Investment Banking Technology, Wachovia. “Our data federation platform supports product and client data as well as the transaction data reporting and analytics.”

Last summer TMC (News - Alert) had the news that Composite announced the appointment of Helen Vaughan as EMEA sales director. In this newly-created position, Composite officials said at the time, Vaughan would be responsible for selling the Composite Information Server and its newly-released appliance of the time, Composite Discovery, to prospects in the UK and Europe, as well as servicing customers as they deploy Composite's technology.

At the time of Vaughn’s appointment Composite officials said the firm had experienced 200 percent growth in bookings from the region over the past 12 months, with European enterprises increasingly adopting Composite's data federation technology, including companies such as mobile communications company Turkcell (News - Alert) and BP.

When dealing with data integration, “there is a difference between art and execution,” adds Sanjay Mishra, director of data architecture at Wachovia. “We need to get the execution right.”

Additionally, Composite Software’s technology plays an integral role in service-oriented architecture (SOA) initiatives that support delivery of best practices in shared services. These initiatives will accelerate applications’ time to market, therefore realizing their business value sooner.

Founded in 2002, Composite is a privately held, venture-funded corporation based in Silicon Valley.


David Sims is a contributing editor for TMCnet. To read more of David's articles, please visit his columnist page. He also blogs for TMCnet here.

Edited by Michelle Robart