Sun and Reuters team up on financial services

Sun Microsystems has formed a joint alliance with the consulting arm of information provider Reuters, to sell hardware, software...

Sun Microsystems has formed a joint alliance with the consulting arm of information provider Reuters, to sell hardware, software and services to the financial sector.

Reuters will provide products and services centred on the design, implementation, integration and project management of financial services applications and systems. Sun will provide the hardware and architecture that the products will operate on.

The two companies have been working closely for some time.

"Customers [implementing Reuters' solutions] were asking us about the appropriate architecture, which is usually Sun, and we were saying: you need to speak to Sun," said Patrick McVeigh, marketing director of Reuters Consulting. "We thought: why not make this more official and share more information, knowledge and expertise?"

Most of the joint venture's business will be conducted in Europe, where Reuters is based and where Sun has most of its architecture expertise. The two companies have already signed customers to the scheme, but declined to reveal any names.

Nigel Woodward, global general manager of Sun's capital markets and securities division, said Reuters was both a customer and a distributor of Sun hardware.

Sun is providing the technical consulting for the platforms and architectures that the Reuters products sit on, he said.

"Sun believes it has a bigger role to play in building new architectures for the systems [such as Java]. We invented Java and we are pushing these skills forward into the financial services arena," Woodward added.

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