Web Publishers Can Now Capitalize on Investor Demand for Transparency by Adding Corporate Earnings Conference Call Transcripts to Websites
SAN MATEO, CA May 27, 2009 -
Xignite, Inc., the leading cloud services
provider of on-demand, financial market data
and application components today announced a partnership with Seeking Alpha
, the premier financial Web site for actionable stock market opinion and analysis. Under the agreement Xignite has developed XigniteTranscripts, a free Web service to enable Web publishers to easily add up-to-the-minute corporate earnings conference call transcripts
on their Web sites. With the new service, web publishers can satisfy investor demand for comprehensive access to publically available financial information and drive traffic to their sites.
The economic crisis has provoked a demand for greater transparency in the financial sector. In response, blogs and Web 2.0 applications have made financial information more widely available than ever before. Yet, corporate earnings calls are typically restricted to only a small group of industry analysts and institutional investors. Seeking Alpha is filling this void by providing more than 1,500 public companies' quarterly earnings call transcripts for free on its Web site, along with added functionality for simple use. Now, using XigniteTranscripts, any Web publisher or blogger can automatically display earnings call transcript information on their Web site at no cost and link to the report at Seeking Alpha using only a few lines of code.
"Our aim is to make essential financial content such as transcripts available to everyone," said David Jackson, CEO of Seeking Alpha. "Earnings call transcripts are a valuable source of information for those involved in investing or business intelligence activities. We value our partnership with Xignite as its web services help broaden access to this important information source."
"Demand for seamless access to information is part of the changing tide in the financial industry," said Stephane Dubois, CEO, Xignite. "Ten years ago, earnings call information was restricted to a few exclusive insiders. Now, any consumer, blogger or student can obtain the same information for free, and easily share them via their Web site, using XigniteTranscripts. Seeking Alpha is trusted throughout the financial services industry, and we're proud to partner with them to improve the availability of financial information."
Seeking Alpha and Xignite share the goal of improving the accessibility of financial information. Xignite's cost-effective, on-demand financial Web services make it possible to integrate up-to-the-minute market data, news headlines and financial information into Web sites and applications in minutes. Seeking Alpha gives a voice to more than 2,000 top financial bloggers, money managers and financial experts and is the only free source for quarterly earnings call transcripts.
About Seeking Alpha
Seeking Alpha is the premier financial Web site for actionable stock market opinion and analysis. We handpick articles from the world's top market blogs, money managers, financial experts and investment newsletters - publishing approximately 200 articles daily. Seeking Alpha gives a voice to over 2000 contributors, providing access to the nation's most savvy and inquisitive investors. Our site is the only free, online source for over 1,500 public companies' quarterly earnings call transcripts, including the S&P 500. Seeking Alpha was named the Most Informative Website by Kiplinger's Magazine and has received Forbes' "Best of the Web" Award.
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 Web sites 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.
For further press information regarding Xignite please contact:
Clinton Karr or Annie Klein
Telp: (415) 512-0770