SOURCE: Magnolia

November 14, 2013 09:01 ET

Fitch Ratings Chooses Magnolia CMS for New Global Web Platform

New Websites Set for Rapid Relaunch

MIAMI, FL and NEW YORK, NY--(Marketwired - Nov 14, 2013) - Fitch Ratings has chosen Magnolia CMS as the platform for the relaunch of its global website network. Known for its high interoperability and performance, Magnolia CMS has a strong international reputation as the open suite CMS for the enterprise.

Fitch Ratings needed a unified global web platform to build and coordinate locally managed sites in more than 30 countries. Magnolia CMS allowed Fitch to create a secure, centralized, multilingual content management platform that integrated with its core data, resulting in a flexible system that displays critical financial reports to clients around the world.

"Enhancing our CMS allows us to accelerate the process of launching new products and services," says Chris Bogzevitz, Director of Product Development at Fitch Ratings. "It provides a strong technical architecture for our developers and an easy to use front-end for content creators within our business."

By adopting Magnolia CMS, Fitch was able to improve its website content publishing workflow. The Fitch IT team was also able to replace a complex set of legacy templates and scripts with a streamlined code base which is both faster and easier to maintain.

"Older legacy systems impede the speed at which organizations can react to their market," says Bill Beardslee, CEO of Magnolia America. "Fitch Ratings is using Magnolia in just the way we intended to evolve their web presence."

Magnolia's Standard Templating Kit with out-of-the-box page layouts and website components allowed Fitch to speed development of regional websites to three months. With the first three sites for Fitch's offices in Poland, Russia and Taiwan already operational, Fitch expects to roll out replacement sites throughout their entire network quickly. Fitch's internal Java developers now have a CMS that is intuitive, flexible and highly interoperable, allowing them to do a significant amount of work just with configuration changes within the templating kit.

About Fitch Ratings
Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market knowledge and deep credit market experience. The additional context, perspective and insights we provide help investors to make important credit judgments with confidence. For more information, visit 'www.fitchratings.com'.

Fitch Group is a global leader in financial information services with operations in more than 30 countries. In addition to Fitch Ratings, the group includes Fitch Solutions, an industry-leading provider of credit risk products and services, and Fitch Learning, a preeminent training and professional development firm. Fitch Group is jointly owned by Paris-based Fimalac, S.A. and New York-based Hearst Corporation.

About Magnolia (US)
Magnolia is an open Java CMS that delivers smartphone simplicity on an enterprise-scale. The mobile-inspired HTML5 user interface works through customizable, task-focused Apps, a notification stream called the Pulse, and a system of Favorites for quickly accessing the workspace. Magnolia CMS allows organizations to orchestrate online services, sales and marketing across all digital channels, maximizing the impact of every touchpoint.

Magnolia's open-source technology, support of open standards such as CMIS and JCR, as well as integration with the Spring Framework, enable developers to unlock back-end systems and third-party applications.

Magnolia CMS enterprise customers include: Abbott Diabetes Care, Allianz, Ally, Generali, Atlassian, EADS, ING Bank, Foxtel, Michelin, Pirelli, Sony, TeliaSonera and US Navy. Magnolia is used in more than 100 countries across the world by governments and leading FORTUNE 500 enterprises.

To enable better interoperability between financial institutions, Magnolia CMS supports International Financial eXchange (IFX), which is an open, standard for financial data exchange.

Magnolia is the creator of both the Open Source Community Edition and Enterprise Licensed Editions of the Magnolia CMS. Full global service, support, implementation, consulting and training for enterprise clients are delivered by Magnolia in collaboration with its international network of qualified partners. Find out more about Magnolia at: http://www.magnolia-cms.com

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