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StrikeIron and Xignite Expand Partnership to Resell StrikeIron’s OnDemand Web Services for Excel

Leading provider of financial web services to offer live data in Excel

Research Triangle Park, NC – September 12, 2006 – StrikeIron Inc., provider of the Web Services Marketplace, today announced that it has partnered with Xignite who will resell StrikeIron’s OnDemand Web Services for Excel. As part of the agreement, Xignite will use this Microsoft Office add-in to create live customizable Excel workbooks connecting to Xignite Financial Web services. These workbooks will be available to integrate with any financial or Web application in order to build customized, real-time applications quickly and cost-efficiently. In addition, the OnDemand Web Services for Excel workbooks will enable users to create compelling Service Oriented Architecture (SOA)-driven applications to leverage the existing investments organizations are making in SOA infrastructure technology.

The agreement expands the scope of an existing two-year old partnership between the two companies that has seen them serve dozens of joint customers. Many of Xignite’s more than 35 financial Web services are being distributed via the StrikeIron Web Services Marketplace. Xignite is the industry’s largest provider of pure-play financial Web services for mission-critical corporate applications. The company offers the broadest, most comprehensive suite of financial data and components available on an on-demand platform.

StrikeIron OnDemand for Excel provides Microsoft Excel users with drag-and-drop access to the power of XML-based Web services, delivering “live” workbooks to the desktop that are fed by real-time data. Any subscriber of one or more Web services from Xignite can build rich-client spreadsheets that incorporate live data feeds from multiple sources without any programming. As a result, Excel becomes a rich, universal client for service-oriented architectures and a tool for building composite, services-driven applications. For more information, visit OnDemand Web Services for Excel.

“StrikeIron is very pleased to extend StrikeIron OnDemand Web Services for Excel to the vast network of Financial Web Services users that are part of Xignite’s network," said Bob Brauer, President and CEO of StrikeIron. “Enabling live financial data into any application utilizing the same easy, consistent interface makes it much easier to integrate into many different classes of applications. This will broadly increase the universe of users that can now leverage the financial Web services available from Xignite.”

"StrikeIron's OnDemand solution complements and extends the value of our web services for the benefit of our common customers," said Stephane Dubois, CEO of Xignite. "As the market for pure-play web services matures, end users increasingly want to access them directly. This expanded agreement gives users access to live data straight from their preferred spreadsheet application. They can do their jobs better and more quickly by combining the power of Excel with the accuracy and immediacy of our data. Plus, Xignite's open distribution model lets them subscribe only to the services they need."

About Xignite

Xignite (pronounced “X-Ignite”) is the largest provider of pure play financial web services for mission-critical corporate applications. As a pioneer in the field, Xignite offers the broadest suite of financial data and components available today on an on-demand platform. Xignite powers mission-critical applications for portfolio management, sales management, ERP, trading, investor relations, customer portals, executive dashboards, analytical engines and more. Xignite serves software developers who procure financial web services and currently enjoys 200 direct and reseller customers including Ameriquest, GE Commercial Finance, Goodyear, ING, McDonald’s, Marsh & McLennan, Starbucks, Wendy’s, SAP, Tibco, and Research In Motion. For more information, please visit www.xignite.com

About StrikeIron

StrikeIron is the leader in providing innovative solutions for delivering data over the emerging Internet. The company’s innovative Web Services Marketplace provides a technology platform, micro-transaction management and a consistent interface across many XML-based Web services from multiple, diverse sources. This allows business users, application developers and enterprise IT professionals to customize and integrate external data sources and additional external functionality into enterprise, Web, and composite applications. Currently, StrikeIron provides over 100 live data sources and business functions from organizations such as Cortera, D&B, Gale, MapQuest, Midnight Trader, Tax Data Systems, The Sports Network, and Zacks.

StrikeIron also offers IronCloud™, the only comprehensive Web services delivery platform that opens up new channels for data distribution and consumption through Web Services. Enterprises of all sizes can now reduce the cost and complexity of managing the challenges of data distribution which include leveraging an existing external hardware and software architecture, controlling and metering access and usage, external monitoring for 24x7 reliability, full usage analytics, as well as multiple authentication scenarios and instead concentrate their focus on making information easier for partners, customers, and distributed business units to access and use. StrikeIron delivers value to over 1,500 customers and partners such as Avaya, BEA, Delivery.com, IBM, Honda Europe, D&B, Siemens, Nike, Swarovski, ShoeBuy, and Exclusive Resorts. For more information, visit www.strikeiron.com.

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Media Contacts:  
Jane Foreman
StrikeIron, Inc.
(919) 467-4545 x112
jane.foreman@strikeiron.com
Kristi Lee
Crossroads Public Relations 
(919) 270-8054
klee@crossroadspr.com

Stephane Dubois
Xignite
(650) 655-3701
sdubois@xignite.com
Ken Greenberg
Edge Communications
(818) 990-5001
ken@edgecommunicationsinc.com
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