July 19, 2005 – Denver, Colo. – Jabber, Inc. today announced that Net Energy, an energy exchange based in Alberta, Canada, deployed the Jabber Extensible Communications Platform (Jabber XCP), to build a more efficient and sophisticated trading environment. According to Net Energy’s Chief Executive Officer, Tim Gunn, traders within the market have gone from managing and executing one transaction at a time via traditional voice calls to conducting as many as 90 simultaneous text-based ‘conversational-transactions,’ facilitated by Jabber XCP. Conversational-transactions are financial deals initiated, negotiated, and completed within the context of an instant messaging (IM) or text conferencing session.
“In commodities markets, such as energy, the value of information has a rapidly diminishing half-life,” said Gunn. “Jabber XCP lets traders more efficiently manage and act upon multiple sources of time-sensitive information and provides us with the tools necessary for a secure, auditable, extensible, and highly efficient market that is the backbone of our business.”
Jabber XCP is a highly programmable presence and messaging framework capable of weaving applications, networks, devices, multi-media, and protocols together into a real-time information environment. Jabber XCP is built upon the Extensible Messaging and Presence Protocol (XMPP) approved by the Internet Engineering Task Force (IETF) as a standard for IM and presence technologies.
“Net Energy’s application of Jabber XCP is a very public example of how our technology is being deployed within undisclosed defense, intelligence, public safety, and financial organizations,” said Paul Guerin, chief executive officer of Jabber, Inc. “The similarity is in the time to value ratio of information, where Jabber XCP is used to deliver actionable information—at its peak value—to distributed decision makers who operate with near total awareness of their entire environment, be they traders, intelligence analysts, or soldiers on patrol.”
A case study detailing Net Energy’s Jabber XCP deployment is available for download at www.jabber.com. For more information about Jabber, Inc. and Jabber XCP, send an email to info@jabber.com or call 303-308-3231, ext. 2.
ABOUT JABBER, INC.
Jabber, Inc. is a leading provider of real-time presence and messaging solutions. More than five million users, representing hundreds of organizations worldwide, have licensed the Jabber XCP commercial server to underpin a wide variety of real-time, presence-powered applications, including enterprise instant messaging, transactional financial trading systems, government intelligence systems, and more. Jabber Inc., a 2004 eWeek Excellence Award Finalist, and Network Computing magazine "2004 Company to Watch," counts France Telecom, Lehman Brothers, Hewlett-Packard, AT&T, FedEx, BellSouth, McKesson, EDS, Arcelor, CapWIN, and Juniper Networks amongst its customers. Jabber, Inc.'s investors include France Telecom (NYSE:FTE - News), Intel Capital, Intel's strategic investing arm, Webb Interactive Services, Inc., and Jona, Inc. Please see www.jabber.com or send an email to info@jabber.com for more information.
