About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Siperian and Evaxyx Partner for Faster Implementation Framework

Subscribe to our newsletter

Master data management (MDM) platform developer Siperian and data integration consulting firm Evaxyx have signed a strategic partnership in order to speed up the implementation process of Siperian’s MDM Hub. To this end, Evaxyx has developed the Evaxyx Siperian Services Framework (ESSF), which is based on a set of industry best practices.

According to both vendors, this framework has been designed to deliver faster ROI to Siperian users via this faster implementation process. Evaxyx specialises in large complex data integration projects and partners with various vendors in niche areas. Mike Hudgell, an MDM specialist with Evaxyx who has previously worked for Siperian, explains that the vendor chose to work with Siperian because it believes it is “best of breed” in its space. They have been working together since 2006, although it is not an exclusive partnership agreement, according to Hudgell. Adam Prentis, CEO of Evaxyx, adds: “We have worked closely with Siperian over the past two years developing expertise and products that expedite the implementation of a Siperian installation. The cornerstone of this partnership is the ESSF, which allows Siperian users to get up and running quickly and, more importantly, meet their immediate and long term business objectives.” Hudgell explains the background further: “When we began to work with Siperian in 2006, we worked with them on client implementation projects, mainly in the US, and we got very close to the company. We were working with the Siperian product in major corporations and this led us to realise that there was a need for a product that would help these implementations and that is what developed into the ESSF.” The product therefore evolved out of the practical experience of implementations in the market onsite with customers. Hudgell says: “The hub is based on the service orientated architecture (SOA) model and Siperian has its own Siperian Services Integration Framework (SIF), which generates links into the SOA by providing web services and handling the Java messaging layer. We discovered that in a bigger customer environment where a higher level of business objects is required, there was a requirement for coding in order to introduce the SIF.” He continues: “We found that the basis of this coding within each institution was very similar and that is how the ESSF evolved. We productised that process of creating the high scale objects to quickly integrate within the business environment in which the hub would work.” Hudgell reckons that speed of deployment has been significantly expedited for the Siperian MDM Hub. The vendors have done some testing and on a couple of scenarios they have seen a saving of several weeks of effort, he says, although he does stress that this saving depends on the type of implementation. “Technically, you could have a hub implemented within three to six months,” he adds. “A saving of a few weeks in an implementation timescale of a few months is quite a significant improvement.” The development experience that led creation of the hub took around 18 months and from the decision to productise the ESSF to its creation and testing, was a period of six months, says Hudgell. There were no real challenges or difficulties in the process, he says, attributing this to the fact that Siperian’s solution is based on an SOA. Peter Caswell, Siperian president and CEO, comments: “Evaxyx has elevated the use of our platform to enterprise-levels by implementing Siperian MDM Hub not only for customer master but also for other entities such as product, location and reference.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking Transparency in Private Markets: Data-Driven Strategies in Asset Management

As asset managers continue to increase their allocations in private assets, the demand for greater transparency, risk oversight, and operational efficiency is growing rapidly. Managing private markets data presents its own set of unique challenges due to a lack of transparency, disparate sources and lack of standardization. Without reliable access, your firm may face inefficiencies,...

BLOG

A-Team Group Announces Winners of the AI in Capital Markets Awards 2025

A-Team Group has announced the winners of the inaugural AI in Capital Markets Awards 2025, celebrating the most innovative and impactful applications of artificial intelligence and machine learning across the global financial markets. The new awards programme recognises technologies that have moved beyond proof-of-concept to deliver measurable value, supporting efficiency, resilience, and insight generation across...

EVENT

TEST Event page 2

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...