BPM software market booming
The market for business process management suite (BPMS) software is booming, new research reveals, reports VNUNet.
According to IDC research, the BPMS market grew nearly 80% in 2006 to $890 million. The analyst firm predicts that rapid growth will continue throughout the next five-year period to reach $5.5 billion in 2011.
"This year and next are critical years for BPMS vendors," said Maureen Fleming, programme director for Business Process Integration and Deployment Software.
Jordan IT firms sign agreements
Creating opportunities for Jordanians is the main mandate for the USAID-funded Sustainable Achievement of Business Expansion and Quality Programme (SABEQ), says Albawaba.
His mandate was put into action yesterday afternoon when the chief of party of the SABEQ Programme, Rodrigo Ortiz, and the CEOs of the four companies signed into an agreement which utilises their expertise in the Jordanian ICT sector for the coming four years.
The four companies were selected after an open request for proposals was issued in April 2007.
Thomson Financial upgrades systems
When Thomson Financial decided to upgrade its 20-year-old flagship portfolio-management system used to administer $1.5 trillion in client assets, the company demanded its customers be able to execute transactions in real-time, says Reddevnews.
The market information service provider re-architected and deployed the application in a way few real-time applications have been done to date, using Microsoft's .NET 3.0 Framework.
The portfolio-management system, called PORTIA, showcases the most critical components of the .NET 3.0 Framework by making extensive use of Windows Presentation Foundation and Windows Workflow Foundation and, to a lesser extent for now, Windows Communication Foundation.
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