SAN JOSE, Calif., Oct. 25 /PRNewswire-FirstCall/ -- BEA Systems, Inc. a world leader in enterprise infrastructure software, today revealed that Nykredit has reported that it is reducing both the time-to-market for innovative new financial services and costs by 30 percent, using a service-oriented partner portal based on BEA technology. Denmark's second-largest lender and the country's largest mortgage provider has implemented an open, standards-based infrastructure using BEA WebLogic(R) Portal, BEA WebLogic(R) Server, and BEA WebLogic(R) Integration. The partner portal has been well received by users and is generating the projected ROI
"Service-Oriented Architecture and governance are closely connected in our culture," says Lars Mathiesen, CIO, Nykredit. "We see IT as an integrated part of our business, and we prefer to define our projects as business projects, not IT projects. That gives us better results, lower cost, faster time to market, and allows us to keep ahead in the financial world."
Total lending by the Nykredit Group is euro 85bn, giving it a market share of 32.8 percent. The company's other activities include insurance and estate agency services. Following a period of acquisition, Nykredit experienced growing demand for a high-performance portal that would support the company's product distribution through partnership banks-and it was decided that this portal would be based on a new infrastructure which would be common to all future Web-based applications.
Given the requirements and based on previous experience with building and operating Nykredit's internet bank based on BEA, Nykredit developed the new partner portal internally using BEA WebLogic Portal, BEA WebLogic Server, and BEA WebLogic Integration as key components for the new infrastructure.
The portal has been developed in three phases, the first of which involved presenting information: effectively an extranet extension. The second phase provided advanced support to customer advisors, with a host of tools and information relating to products, housing, taxes, and simulated models of household budgets. This includes data collection from multiple external sources through use of Web services. The third phase to be implemented will integrate the actual purchase and delivery of loans. In a later stage even public registration can be automated in the partnership portal.
Nykredit has already seen benefits of the SOA approach used in the partner portal. The development cost of a new portal for business customers was reduced significantly by reusing the platform and key components.
About BEA
BEA Systems, Inc. is a world leader in enterprise infrastructure software. Information about how BEA is enabling customers to transform their business by building a Liquid Enterprise(TM) can be found at http://www.bea.com/.
Legal Notice Regarding Forward-Looking Statements
Some of the statements in this press release are forward-looking, including the statements regarding the next phases of Nykredit's ("Customer") portal plans and the features and benefits of BEA's and Customer's products. Actual results could differ materially from those expressed in any forward-looking statements. Risks and uncertainties that could cause results to differ materially include risks associated with: any unforeseen technical difficulties related to the development and optimization BEA's or Customer's products; the timing of additional investments of resources by BEA and Customer related to any joint development initiatives; and any software errors related to BEA's or Customer's products or the integration thereof. Readers should also refer to the risk disclosures set forth in BEA's 10-Q for the quarter ended April 30, 2006 as filed with the SEC and subsequent reports filed thereafter by BEA from time-to-time with the SEC. The forward-looking statements contained in this release are made as of the date hereof, and BEA does not assume any obligation to update such statements nor the reasons why actual results could differ materially from those projected in such statements.
Copyright 1995-2007, BEA Systems, Inc. All rights reserved. BEA, BEA AquaLogic, BEA eLink, BEA WebLogic, BEA WebLogic Portal, BEA WebLogic Server, Connectera, Compoze Software, Jolt, JoltBeans, JRockit, SteelThread, Think Liquid, Top End, Tuxedo, and WebLogic are registered trademarks of BEA Systems, Inc. BEA Blended Application Development, BEA Blended Development Model, BEA Blended Strategy, BEA Builder, BEA Guardian, BEA Manager, BEA MessageQ, BEA microService Architecture, BEA SOA 360, BEA Workshop, BEA WorkSpace 360, Signature Editor, Signature Engine, Signature Patterns, Support Patterns, Arch2Arch, Arch2Arch Advisor, Dev2Dev, Dev2Dev Dispatch, Exec2Exec, Exec2Exec Voice, IT2IT, IT2IT Insight, Business LiquidITy, and Liquid Thinker are trademarks of BEA Systems, Inc. BEA Mission Critical Support, BEA Mission Critical Support Continuum, BEA SOA Self Assessment, and Fluid Framework are service marks of BEA Systems, Inc. All other company and product names may be the subject of intellectual property rights reserved by third parties. All other trademarks are the property of their respective companies.
