Mark Logic® Corporation, a leading provider of software for information-centric applications, today announced that docGenix, L.P., an innovative supplier of legal risk management solutions to participants in the international financial markets, has implemented MarkLogic Server as the delivery mechanism for XML content generated by its inSight service.

The docGenix inSight service utilizes proprietary legal data sequencing technology to translate and represent as XML the complex legal, credit, and operational terms contained in the legal agreements that govern relationships between participants in global over-the-counter (OTC) derivatives markets. This documentation is based on the legal contract suite published by the International Swaps and Derivatives Association, Inc. (ISDA). docGenix delivers the XML generated via its legal data sequencing technology to its customers via Synopsys, a MarkLogic-based application. docGenix customers now have an enhanced level of operational, documentation, and risk management capabilities demanded by today’s challenging business and regulatory environment.

"Given that XML is at the heart of our business, we required as our delivery mechanism a flexible and highly scalable XML server with a standout reputation. MarkLogic Server quickly became the obvious choice," said Michael Will, founder and CTO, docGenix, L.P. "Each contract converted by our inSight service contains thousands of data points that are central to a broad range of mission critical operations, including credit analysis, regulatory stress-tests, netting, and collateral management. MarkLogic uniquely provides the capacity and performance we need to deliver this data to our customers at the superior levels of quality they have come to expect."

The Business Case for docGenix Synopsys

The explosive growth of the OTC derivatives markets has been fueled in part by the existence of ISDA’s suite of legal contracts. As these contracts have proliferated, docGenix and its customer base have found that traditional methods of documentation risk management have made it difficult for OTC participants to rapidly analyze legal documentation portfolios that can number in the tens of thousands. As a result, institutions are prevented from reacting swiftly to market events. Failure to identify trends and respond efficiently to events like ratings downgrades, precipitous declines in asset value or performance, defaults, and collateral calls, can cost derivatives stakeholders many millions in losses. Synopsys addresses these challenges by delivering a powerful, user-friendly application that provides financial institutions deeper visibility and a more holistic view across their ISDA Agreement portfolios. By implementing a solution that harnesses the power of XML and MarkLogic Server, docGenix provides financial institutions with the agility they need to effectively analyze and respond to the threats and opportunities offered by today’s OTC derivatives markets.

Ixxus, a valued Mark Logic partner and specialist in information management solutions, was instrumental in providing the Mark Logic system to support the docGenix inSight project. Steve Odart, managing director for Ixxus, said, "docGenix has been visionary in its adoption of XML technologies to facilitate solutions that are groundbreaking in their innovation and utility for customers."

"One of the key challenges facing organizations in the derivatives industry is how to effectively manage the wealth of critical information on which these markets are built," said Tracy Eiler, vice president of marketing, Mark Logic Corporation. "docGenix Synopsys is impressive in its ability to help financial institutions access the right information in a matter of seconds, which improves their ability to be nimble in a fast moving market. MarkLogic Server continues to be validated by our customers as the ideal platform for companies that require speed to maintain a competitive advantage."

About docGenix, L.P.

docGenix, L.P. is a Delaware limited partnership. It is an independent entity established by international legal practice Allen & Overy LLP in 2008, with a mission to develop innovative legal documentation risk management solutions for the international financial markets.For more information on docGenix or docGenix inSight, email info@docgenix.com or visit www.docgenix.com.

About Ixxus

With headquarters in London, Ixxus is an experienced global consultancy and systems integration organisation. The Company specialises in the design, development and operational support of enterprise content management and search solutions, with a modern and innovative approach to project delivery.

Ixxus is Alfresco’s only UK based platinum partner and has gained unrivalled implementation experience over the last five years with a team now of over 35 consultants. The company has worked across all industry sectors; including publishing, finance, higher education, government, legal and manufacturing. Customers include Yell.com, Virgin Money, Amnesty International, Clifford Chance and 118.com.

About Mark Logic Corporation

Mark Logic Corporation is a leading provider of infrastructure software for information-centric applications, serving industries including media, government, software, transportation, and healthcare. Mark Logic was recently named the fourth-fastest growing information technology company in Silicon Valley. The company’s award-winning product, MarkLogic Server, is the industry’s leading XML server and includes technology protected by multiple US patents. Mark Logic is privately held with investors Sequoia Capital and Tenaya Capital. For more information, to download a trial or community version, or to read the award-winning Mark Logic CEO Blog, go to www.marklogic.com.

Copyright © 2009 Mark Logic Corporation. Mark Logic is a registered trademark and MarkLogic Server is a trademark of Mark Logic Corporation. All rights reserved. All other trademarks mentioned herein are the property of their respective owners.