Human Capital Management

Human Capital Management

May 21, 2011

TMCnet Financial Technologies Week in Review

It was a busy week in Financial Technologies with news coming from around the world on important companies in the sector. Here is this week's top financial tech news:

Empathy Lab, a digital agency which provides eCommerce and broadband solutions to leading brands, has appointed Kevin Carruthers, formerly of Hewlett-Packard (News - Alert), to a position where he will be a leader in a new offering focused on providing program management services to Empathy Lab clients. Carruthers has more than 10 years of experience in leading teams and working in program management processes.

Netlist, Inc. announced its financial results for the first quarter ended April 2, 2011.   Netlist brought its losses down and increased revenues. The company saw revenue worth $12 million, up 52 percent from revenues of $7.9 million for the first quarter ended April 3, 2010. During the first quarter, Netlist had gross profit of $3.8 million, or 32 percent of revenues, up 109 percent from a gross profit of $1.8 million, or 23 percent of revenues, for the first quarter ended April 3, 2010. Net loss for the first quarter was $2.8 million, compared to a net loss in the prior year period of $3.0 million. Netlist designs and makes memory subsystems for data center servers and high-performance computing and communications markets.

EffectiveUI, which creates custom Web, desktop, mobile and touch-enabled applications, unveiled a new mobile application it had built for Jones Lang LaSalle, a global commercial real estate services firm. The app can be installed on the iPhone (News - Alert) and iPad, and the firm’s employees and customers can deploy the app in smartphones to access company details, news and industry research.

Also this week, Radware’s (News - Alert) ADC-VX was purchased by Garanti Bank in Turkey. It is an application delivery controller (ADC (News - Alert)) hypervisor that runs multiple virtual ADC instances on Radware’s OnDemand Switch platform. It lets the company consolidate its data center, and focus on developing new intranet and TCP/IP based banking applications.

Finally, WhiteConcierge selected the ForeScout CounterACT platform to help it achieve continued PCI (News - Alert) DSS Level 1 compliance. The company was formerly part of Travelex and is now a European-based B2B lifestyle management and concierge service. Company officials said that they sought a Network Access Control (NAC) solution to gain further visibility and control over access to network resources and sensitive data. The company’s customer base includes financial institutions and high-street banks.

Ed Silverstein is a TMCnet contributor. To read more of his articles, please visit his columnist page.

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