Through this relationship, Parlano and xtendx provide enhanced deployment options for financial services firms, increasing the impact that real-time communications and collaboration solutions have with key business applications and processes. The two companies will collaborate on sales and marketing opportunities leveraging their combined strengths in software development and enterprise-class solution deployment.

"For the past four years, Parlano has delivered enterprise-class instant messaging, group chat and collaboration applications for the financial services industry to improve communications, productivity and address critical issues surrounding security and compliance," stated Nick Fera, chief executive officer for Parlano. "The relationship with xtendx has broadened our market coverage and implementation experience to include a major European financial services center. Together, we jointly offer more complete coverage to our key customers and new prospects in the Swiss market. We look forward to the continued success of this relationship - and leveraging xtendx's customization and development experience to increase the number of solutions built on top of the MindAlign Collaboration Messaging Framework."

The financial services industry is undergoing rapid consolidation, a dramatically evolved regulatory and compliance environment and a tremendous increase in competition across all product and service lines. MindAlign, a real-time communication and collaboration solution, integrates with key business processes and front and back office applications to improve the quality and speed of information, increase regulatory compliance capabilities and establish stronger customer/partner relationships across the largest financial organizations in the world.

"xtendx has a strong history of providing innovative technologies and delivering enterprise-class solutions," stated Charles A. Fraefel, CEO for xtendx. "Working with Parlano has delivered a truly innovative technology upon which we have developed a number of applications to significantly improve customer satisfaction and revenue for our customers. The nature of the MindAlign framework, and its open architecture, is perfect for an organization like ours - one that specializes in combining multiple technologies into critical solutions for our clients."

As part of this agreement, xtendx has standardized its collaboration and instant messaging practice on Parlano's MindAlign Collaborative Messaging Framework.