Day, provider of global content management software, announced that WestLB has selected Day’s flagship product, Communiqué, to replace the incumbent Vignette solution. The Day solution will be applied to the WestLB internet, intranet and extranet and allows the 6000-strong company an increase in flexibility without the need for complex and time-consuming customization.
The new software will initially be implemented with WestLB’s Global Financial Markets division before being rolled-out across all 50 sites run by the company. Communiqué will provide an easy to use central source for sharing all information held by WestLB with their clients and employees, such as investment information and analyst reports.
Day won a highly competitive bid procedure over major challengers, including the incumbent content management provider, Vignette. WestLB wanted a company which could meet the goals of a fast implementation and ability to easily integrate with the existing infrastructure. The Day solution also comes prepared to meet the new JSR 170 industry standard, which is soon to apply to content management software, an issue which WestLB needed to be addressed.
“At WestLB, we wanted to present our clients with real-time information, such as investor and analyst data,” said Michael Krebbers, Head of Application Services. “Furthermore, the intranet platform will be extended as the primary information channel for our employees. With Day we feel that we have the right partner to face this challenge which is not less than a complete redesign of the current system. Beside of this, implementing Day’s Communiqué significantly reduces the total cost of ownership for this technology within WestLB. We liked the responsiveness of Day during the conceptional phase and WestLB looks forward to the successful relationship with the Day team moving forward.”
“We are very pleased that WestLB has selected Day and is replacing their Vignette installation with our solution,” said Michael Moppert, CEO of Day. “Today’s dynamic financial sector needs to be extremely responsive to any developments on the global markets. We are happy to see that we gain market share in this sector because our highly efficient content management system supports the financial industry’s need for fast time to market, business agility, high performance and a very attractive return on investment.”
WestLB AG is a European commercial bank with firm roots in North Rhine-Westphalia, Germany’s largest federal state. With Group total assets of € 256.2 billion as at December 31, 2003, it is one of Germany’s leading financial services providers.
WestLB Global Financial Markets is a vital part of WestLB AG, responsible for the Bank’s Treasury, Loan Syndication, Debt Capital Markets, Bond Trading, Derivatives and Emerging Markets businesses, as well as associated Research products.
