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Bond.Hub Surpasses 22,000 Institutional Investors, Grows 2300 Percent in Three Years | ||
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SecuritiesHub Extends Contract with Communicator Inc to Operate and Manage Global Industry Hub for Fixed Income; Three-Year Deal Enables Eight of the World's Largest Financial Dealers to Continue Offering Single Sign-On, Instant Messaging and Content Co-mingling Services Through 2006 White Plains, NY - November 18, 2002 - Communicator Inc, a leading provider of secure electronic communications services to Fortune 1000 companies, announced today that Bond.Hub, an award-winning global industry hub for fixed income, has surpassed the 22,000 user mark, a growth of 2300 percent in three years. Communicator Inc also announced today that it has signed a three-year contract extension with SecuritiesHub LLC, the leading provider of financial information to the fixed income online community, to continue to manage and operate Bond.Hub through 2006. In addition, Communicator Inc will continue to provide its digital identity management, content co-mingling and enterprise instant messaging services to Bond.Hub. Using Communicator Inc's services, eight of the world's largest financial institutions, Credit Suisse First Boston, Goldman Sachs, JP Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, Salomon Smith Barney and UBS Warburg, continue to broaden the reach of their published content by offering single sign-on and co-mingled headlines to institutional investors worldwide. "Communicator Inc has provided a great value to SecuritiesHub since we started working together in 1999. Communicator's technology and support are instrumental to the success of Bond.Hub," said Nancy Wohlbruck, chair of SecuritiesHub. "Communicator Inc offers each dealer a better way to provide client access to proprietary information through single sign-on. As the community grows and expands over the next four years, it will only become more valuable to its members." Bond.Hub started in 1999 with three bond dealers and 900 users. Today, more than 22,000 customers of eight dealers can view indications for $25 billion in secondary dealer inventory and can access 200,000 research articles and market commentaries. By giving investors the ability to use a single password to gain access to multiple sites, Bond.Hub has helped the dealers increase traffic to their proprietary research by as much as 400 percent. Bond.Hub is truly a global solution with 26 percent of its users in Europe and another six percent in Asia. In 2001, EuroMoney named Bond.Hub the best multi-bank site for bond research. "Bond.Hub has major advantages for both the dealers and our customers," said Kenneth Pigaga, managing director of Electronic Commerce for JP Morgan. "Our customers tell us they like the fact that they no longer need to juggle multiple passwords to gain access to our sites. That encourages them to use our information more frequently. This, in turn, drives down the unit costs for the dealers to provide content online." Single Sign-On Access to Permissioned Content Across Multiple Web Sites Bond.Hub enables institutional investors to more easily access the dealers' research and trading information via the Internet. Using the unified digital identity management service Communicator Hub ID, Bond.Hub provides users a single ID and password that allows one-click access to all their permissioned dealer sites. Communicator Hub ID uses a federated directory structure, enabling each dealer to maintain control of its own customer and employee information while still allowing the convenience of a single password. Bond.Hub's co-mingled headlines are produced by securely aggregating the dealer content through Communicator Hub Portal and Content services. While customers benefit from the one-stop access to data, each dealer retains full control of its information at each step in the process. In April 2002, Communicator Inc introduced the Hub IM enterprise instant messaging service to the Bond.Hub community by building additional functionality on the existing federated directory. This service-which includes the features and functionality that helps the financial services community to meet audit and regulatory requirements-enables users to communicate and work together quickly, securely and efficiently. In addition to receiving permissioned, co-mingled headlines directly through Communicator Hub IM, with one click users can launch proprietary Web sites for which they are permissioned via the single sign-on feature. "With Bond.Hub we have created a gated community of competitors with common customers," said Leo Schlinkert, CEO of Communicator Inc. "The issues of identity management, permissioned co-mingled content and instant messaging are important in a number of industries including government, insurance, healthcare and pharmaceuticals. This contract renewal shows that our services are mature and proven in the real world." About Communicator Inc
Communicator Inc connects people within and across organizations with its Communicator Hub suite of secure electronic communications services. The Communicator Hub identity management, content aggregation and messaging services help build strong relationships between companies and their core customers by improving efficiency, reducing costs and protecting client relationships, content and brands. Communicator Inc is a privately held company headquartered in White Plains, New York. For more information about Communicator Inc visit www.communicatorinc.com. About SecuritiesHub SecuritiesHub, owned by Credit Suisse First Boston, Goldman Sachs, JP Morgan, Lehman Brothers, Merrill Lynch, Morgan Stanley, Salomon Smith Barney, UBS Warburg and Communicator Inc, is a global utility in the securities industry. It provides services dedicated to improving the efficiency and effectiveness of electronic communication between its contributing members and their clients. SecuritiesHub strives to enhance each of its contributing members' brand, content, and customer relationships. The utility promotes a competitive environment, enabling each contributor to stand on its individual merits while providing a proven, reliable and secure technology platform on which to compete. # # #
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