Coral8 Increases Investment in Financial Services

publication date: Nov 18, 2008

Coral8, Inc., a leading provider of Complex Event Processing (CEP) software, has increased its investment in the financial services by launching a dedicated financial services group, to be led by two new executives in the form of Colin Clark, Executive Vice President of Financial Services, and Michael DiStefano, Vice President of Architecture for Fnancial Services. Both men bring more than 20 years of experience in financial services and technology to enable Coral8 to be well positioned to support the business initiatives of capital markets customers.  By significantly increasing its investment in financial services, Coral8 eases customers’ pressure to compete in today’s volatile markets by bringing real time, continuous intelligence on markets and transactions to help traders and asset managers maximise profit and mitigate risk.

“Seeing the financial services industry and our customers go through this extremely challenging period, now is the time for us to expand our investment and commitment,” said Terry Cunningham (PICTURED), CEO of Coral8. “Colin and Michael have the right DNA to lead this new group. Through close collaboration with our customers, we will help them succeed while also securing valuable feedback that will help us refine Coral8 technology for this strategic market.”