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HEX Into Cooperation With IS Innovative Software AG

Date 17/01/2002

HEX Plc and German IS Innovative Software AG have signed a cooperation agreement for offering market information services in the Nordic and the Baltic area. The agreement includes marketing, implementing and hosting of market information services within the marketing area. HEX Global Market Information Service is based on technology developed by IS Innovative Software AG.

HEX Group's strategy is to promote and to enhance the liquidity and the transparency of the Finnish stock market. HEX Global Market Information Service provides market information databases' maintenance and market information delivery through the Internet and other electronic delivery channels for its customers.

The increasing amount of Finnish and international market information creates new challenges for processing this information load, for both institutions and private investors. "Market information pages support actual investment decisions and are therefore the most visited pages in finance sector's Internet services. They also shape the image of a company and its services considerably," says Jukka Ruuska, President and CEO of HEX Group. "We are committed to creating useful and understandable content out of this increasing market data. HEX as a comprehensive market information provider can benefit from economies of scale and thereby also guarantee technically and functionally premium services."

Stephan Wolf, CEO of IS Innovative Software AG, comments," We are very excited about this cooperation agreement. Our technology combined with HEX's experience of the marketplace will bring cutting-edge information services to our common customers. We support our customers to outrace competition by focusing on core competencies by delivering solutions with minimal time-to-market and low total-cost-of-ownership according to our mantra Speed does matter."