GlobalView Launches New Web Service

CHICAGO, IL February 16, 2006 – GlobalView Software Inc., the energy industry’s leading provider of real-time and historic data management solutions, launched its new web service, Data Connection, at IP Week in London. The ability to integrate has jumped from third to second place as a priority for companies around the world, and with data integration becoming a top concern, the enhanced MarketView Data Integration Suite comes at an opportune time.

The growing profile of data integration is heavily influenced by the benefits integration brings. Efficient, streamlined data integration can produce significant results for companies in the areas of business processes, economic costs and compliance with Sarbanes-Oxley (SOX) regulations. Technology brings endless possibilities for innovation and efficiency, and IT departments are working closer with business departments than ever before. Economic savings are clearly evident. Companies have reported cost reductions as high as 90 percent when performing integration though web services. And SOX compliance demands staff and financial resources from companies; 65 percent of IT executives agree that the effort to comply with SOX regulations will be a significant business distraction for their companies.

MarketView Data Connection is a service that does just what its name implies – it provides an efficient, convenient connection to market data. More specifically, it is an XML web service using open standards and transport protocols to exchange data and integrate applications. Providing easy access to real-time price data over the Internet using standard description language, Data Connection makes system-to-system integration easier than ever before.

“When people use multiple data providers for real-time, historic and internal data, they run into the problem and increased overhead of multiple data formats and inconsistent price data between their front, middle and back office systems. This leaves room for data errors, inefficiency and processing delays. The MarketView Data Integration Suite allows front, middle and back office systems to retrieve data in a consistent, reliable format. Users of each of those systems can be confident in data consistency when their data comes from a single database source,” said Eric Fishhaut, VP Technology Strategy.

The MarketView Data Integration Suite is now composed of three fully hosted applications: Data Connection, Data Extract and Data Import. Data Extract provides customers with a convenient and reliable source for scheduled delivery of price data in a structured file via FTP, and Data Import allows customers to store their proprietary data in a single, central data repository with access via the MarketView suite of tools. Whether used independently or together as a comprehensive data solution, the applications enable companies within the energy industry to successfully answer business, economic and compliance concerns.

“Industry trends and studies clearly indicate data integration is a hot topic, but more importantly, we hear this directly from our customers. Implementing integration has become imperative for their operations, and many of them are anxious to get solutions in place. In recent months, up to 33 percent of our sales activity has involved data integration, and some of our biggest customers signed up for Data Connection before it even went live,” Don Labs, Senior VP Sales and Marketing said.

About GlobalView Software Inc.
GlobalView Software Inc., based in Chicago, Illinois with offices in Houston, New York, London and Singapore, is leading a transformation in the way the energy market profits from information management solutions. GlobalView’s award winning solution, MarketView, allows customers to optimize their use of information and lowers clients’ total cost of ownership by aggregating mission-critical real-time and historical data into one consistent framework and then integrating the information into enterprise-wide solutions. For further information on MarketView and other GlobalView solutions, please visit www.globalviewsoftware.com.

###