IFX FORUM WELCOMES BRIXLOGIC AS NEWEST CORPORATE MEMBER

Press Release

IFX FORUM WELCOMES BRIXLOGIC AS NEWEST CORPORATE MEMBER

FALLS CHURCH, Va. – Jan. 5, 2004 – The Interactive Financial eXchange (IFX) Forum today announced that Brixlogic, Inc., a provider of XML/Web Services software solutions for the financial services and insurance markets, has joined the Forum as a corporate member.

The IFX Forum is a non-profit consortium of financial institutions, service providers and independent software vendors. Its members work together to develop a robust XML framework for the electronic business-to-business exchange of data among financial service institutions around the world. Brixlogic delivers XML business layer software solutions based on industry standards. The Brixlogic IFX Simulator, for example, is based on the IFX 1.4 XML specification and the IFX ATM/POS implementation guidelines, and allows quick prototyping and testing of IFX messaging at message content level between ATM terminals or POS devices and servers.

"Becoming active as a member of the IFX Forum is a logical step for us,” said Xavier Wartelle, CEO of Brixlogic. “We have used the IFX standard version 1.4 and found it robust and extensible, and we are eager to join with other innovators to contribute our experience to the specification’s ongoing development.”

“We are pleased to welcome Brixlogic to the work of the Forum,” said Richard P. Urban, IFX Forum president. “Their insights into implementation of the IFX standard in ATM/POS applications will certainly be valuable as we prepare to broaden the scope of the specification in future versions. In addition, Brixlogic will bring practical perspectives on Web Services architecture that will be valuable to our current efforts.”

About Brixlogic Brixlogic provides application platform software solutions for the financial services and insurance industries that make business process integration easy between internal organizations or with business partners. Brixlogic solutions simplify the process of transitioning to new XML- based transaction protocols and dealing with the complexity of multiple transaction protocols such as IFX, OFX, FIX, ISO 8583 and ACORD XML and their multiple versions. The Brixlogic Application Platform provides a complete solution, including a graphical-based design and customization tool, pre-built protocol-specific application scenarios for business logic prototyping, simulation modules for pre-deployment testing and a run-time environment for full application deployment.

Brixlogic, Inc., a private company founded in 2002, has its headquarters in Mountain View, Calif. and a development and sales office in Paris. For more information, visit www.Brixlogic.com.

About the IFX Forum The Interactive Financial eXchange (IFX) Forum is a non-profit standards-developing organization made up of leading financial institutions, service providers and software vendors. The IFX Forum's mission is to facilitate the development and maintenance of specifications and standards necessary for interoperable and interactive financial exchange.

Membership in the IFX Forum is open to anyone interested in contributing to the development of open financial standards that harness the power of XML. The IFX Forum is currently organized into the following Working Groups: ATM/POS; Business Banking; Electronic Bill Presentment & Payment; and Web Services. IFX Forum Working Groups, in concert with an Architecture Committee to coordinate their efforts, develop open Internet-compatible messages for all sectors of the financial services industry. To learn more about IFX Forum standards or the benefits of IFX Forum membership, please visit www.IFXForum.org.

For additional information:
email info@ifxforum.org
Phone: +1 (781) 876-8811
Fax: +1 (781) 224-1239