Formicary and eMediaMonitor Partner to Deliver Real-Time Breaking News Alerts to the Financial Services Industry

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Formicary and eMedia Monitor partner to establish a world class monitoring service for breaking news, delivered via real-time messaging direct to the desktops of traders and analysts.

Formicary Ltd, an IT consultancy firm specialising in providing solutions to the financial services industry, today announced an exclusive partnership with eMediaMonitor, a technology leader in broadcast monitoring, audio/video search and retrieval, to deliver cutting edge market specific solutions. Formicary's extensive financial markets integration experience, unified with eMediaMonitor's real-time audio indexing technology, will establish a world class monitoring service for breaking news delivered via real-time messaging direct to the desktops of traders and analysts.

Formicary's Intelligent Messaging Group, alongside eMediaMonitor, has been working in conjunction with several key investment banks to pioneer alert and distribution mechanisms for broadcast monitoring services. Following positive market feedback, both companies are committed to continue working in this innovative area to provide financial institutions with the latest breaking news.

eMediaMonitor's CEO and founder Dr Thomas Netousek said, "We are delighted to be working with Formicary in the rollout of this unprecedented service. Speed, accuracy and the provision of customised intelligence are key factors in meeting the needs of users in the busy trading environment of the financial services market. The ability to capture, index and deliver worldwide broadcast news provides a new level of service to demanding professionals."

Philip Miller, Head of Intelligent Messaging at Formicary, added, "Our aim is to bring clients the best possible solutions. Partnering with eMediaMonitor has enabled us to combine the latest advances in speech recognition technology with our messaging expertise to deliver unique solutions that offer a genuine market advantage."

About Formicary
Formicary is an information technology consultancy that specialises in building integrated applications/solutions to maximise business efficiency and streamline business processes for the Financial Services industry.

Founded in 2000, Formicary brings together a world class team of talented and dedicated professionals with industry experience and understanding covering front to back office in equities, fixed income and derivatives. This knowledge, coupled with technical excellence ranging from legacy client/server to cutting edge technologies, enables Formicary to offer innovative and sophisticated solutions to help clients improve their productivity and increase their return on investment.

Formicary has offices in Europe and North America. For more information, please visit http://www.formicary.net or contact us at info@formicary.net

About eMediaMonitor
eMediaMonitor headquartered in Vienna are a technology leader in providing services for Broadcast Monitoring, Audio/Video Search and Retrieval. eMediaMonitor systems are used in a wide range of applications allowing users access to both real-time and archive content. Specific market-based speech software delivers data and analysis for business intelligence.

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Kay Ewen-Smith
Formicary Ltd
+ 44 (0)20 7729 9878
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