Irish Life Investment Managers (ILIM), which makes IT applications for the finance industry, is to develop future products that integrate under a service orientated architecture (SOA) following calls from customers for greater interoperability.
An SOA takes the discrete business functions contained in enterprise applications, such as validating a trade against a live market feed, and organises them into interoperable, standards-based services that can be combined and reused with other applications and processes.
The company hopes this will increase its capacity to produce more applications and increase the time to market for new products from three months to six weeks.
“Clients including fund managers were increasingly approaching us with myriad requests for new features in our software; features that were found on more expensive off the shelf packages and which they wanted quickly,” says David Jones, SOA architect lead at ILM. “But because of a limited in house development capacity, we couldn’t keep pace with the complexities of requests.”
Nevertheless, customers wanted the best of both worlds – the functionality of their existing ILIM systems coupled with the new features of packed applications. Faced with the prospect of losing business outright to competitors, ILIM decided to base its products on an SOA integration platform – so that features of its own applications can work with other supplier’s products. The company is using BEA’s AquaLogic Product Suite as its SOA integration platform to develop its applications.
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