MSUSA will use the TAPMaster product to acquire, standardize, and deploy
market and reference data from a variety of sources including Bloomberg's
Data License, FT Interactive Data's FTS, Reuters' DataScope, as well as
Reuters Estimates and Fundamentals (formerly Multex) data feeds. MSUSA will
use TAPMaster to support its operations, covering equities, fixed income,
and futures products.
"We looked carefully at the market and found TAPMaster offers more
flexibility, faster time to market, and a much higher return on investment
than any other product available," says Sandy Kapoor, Mizuho's Director and
CTO. "Mizuho Securities USA has some aggressive operational timelines to
meet, and we believe TAP is the only product that can help us achieve them,
while also providing a strategic platform for growth."
The deal also includes the purchase of several additional data management
modules from TAP, including Editor, Consolidator, and OnDemand API products,
as well as plug-and-play connectors to integrate TAPMaster directly to both
in-house and external ASP downstream business systems. The first
installation will be up and running in weeks, with full end-to-end
integration expected within six months, a timeline that matches MSUSA's
aggressive targets for maximizing growth opportunities.
"By selecting TAPMaster, Mizuho has demonstrated tremendous trust in the
capabilities of our product," says Simon Blyth, TAP's EVP Sales & Alliances.
"We at TAP are very excited to be working with such a progressive and
dynamic team and look forward to helping Mizuho achieve a very fast return
on their investment."
About Mizuho Securities USA Inc.
MSUSA is a member of the Mizuho Financial Group, a leading multinational
financial services group that was formed by the September 2000 combination
of The Dai-Ichi Kangyo Bank, Ltd., The Fuji Bank, Ltd. and The Industrial
Bank of Japan, Ltd. In its core business areas of fixed income, equity, and
futures, MSUSA makes use of quality personnel and cutting-edge technology to
provide high value-added products and services, and engages in global
activities as a leading professional house that can compete with the top
firms of the United States and Europe. MSUSA's parent, Mizuho Securities
Co., Ltd. (Tokyo) provides its corporate clients with strategic and
financial advice on corporate mergers, spin-offs, acquisitions,
divestitures, business tie-ups, and financial strategy as well as corporate
restructuring, the disposal of non-performing loans, and bankruptcy
disposal.
About TAP Solutions
TAP provides turnkey high performance software tools for the acquisition,
management, and deployment of market and reference data in capital markets.
TAPMaster is a complete data management platform that helps financial
services clients reduce operating costs, meet regulatory requirements, and
generate new sources of revenue. www.tapsolutions.com.