SOURCE: Microgen

Microgen

Microgen

February 02, 2010 09:07 ET

Microgen Named as First Technology Company to Join Digital Data Exchange Board

Appointment Signifies DDEX's Growing Influence and Microgen's Commitment to the Digital Media Supply Chain

LONDON and BOSTON, MA--(Marketwire - February 2, 2010) - Microgen Aptitude Solutions Ltd (Microgen) today announced that it has been accepted as a Charter Member of the Digital Data Exchange (DDEX), a standards organization that is working to improve information sharing efficiency for the digital music industry. Microgen is the first pure technology application service provider to gain representation on the board, joining the existing Charter Members, which include digital music service providers, music content providers and music rights societies.

As the demand for and diversity of digital media content increase globally, digital content distributors, media content and rights owners have to exchange vast volumes of increasingly complex data, in varying formats. Every time media content is exploited, multiple stakeholders, from composers and artists to collective rights societies and content producers, require payments according to pre-existing contracts.

Currently, management of the data is a labor-intensive, error-prone process that creates a real risk for lost revenue. To streamline the digital media supply chain process, DDEX is developing, initially for the digital music market, a set of standard XML messages for communicating complex information, standard mechanisms by which the messages are exchanged including the specification of "micro" messages that can control the order and timing of events within the supply chain and standards relating to the delivery of the content itself. Microgen, whose technology helps some of the world's biggest digital music and download companies manage complex rights management and royalties payment models, will bring this experience and expertise to its role on the DDEX board.

"Microgen has a track record of delivering successful enterprise class projects where complexity and high performance are key factors. Having utilized Microgen Aptitude (Microgen's flagship Business Process Management Suite) and Microgen Accounting Hub in some of the world's largest financial Institutions, Microgen has the right tool set and delivery capability to assist throughout the digital media supply chain sector," said Martin Redington, Microgen Director of Product Management and representative on the DDEX board.

"We are pleased to welcome Microgen as the first pure technology application service provider to join the board of DDEX," said Kirit Joshi of Sony Music and Chair of DDEX. "Microgen's strategic focus -- providing technology solutions that give clients greater visibility, control and agility over information associated with rights, royalties and contracts -- aligns well with the strategic aims of DDEX, and we look forward to working together as members start to implement our standards."

"Literally every second, music companies manage massive amounts of digital transaction data, which presents a real risk of significantly increased costs due to manual intervention, investigation and correction," said Microgen Chief Operating Officer David Sherriff. "We are extremely pleased to join an organization whose standards will help support fewer errors, better reporting and stronger revenue management across the global digital media supply chain."

About Microgen

Founded in 1974 and listed on the LSE (MCGN) since 1983, Microgen is an established leader in the delivery of software, solutions and consultancy services. The Group implements bespoke applications, product software solutions for the world's largest financial institutions, multi-national corporations and public sector organizations.

The Group's portfolio of proven products and solutions, many of which are based on its proprietary Microgen Aptitude technology, enables the intelligent application of technology in a range of sectors including financial services, energy, asset & wealth management, commercial, transport & logistics and the public sectors.

The Group has offices in Fleet and London in the UK, and international offices in the United States, South Africa, Poland, and Guernsey. For more information, please visit www.microgen.com

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About DDEX:

DDEX was set up to develop and encourage the adoption of standard XML message formats to improve the current exchange of data between companies operating in the digital media supply chain. The standards enable the identification of the information required to provide digital media content to the consumer and report sales back to the content owning companies, as well as common ways for this data to be exchanged between companies. The world's leading companies and organizations involved in the digital music supply chain formed DDEX in 2006. Initially DDEX has therefore focused on the digital music supply chain, but DDEX is now encouraging membership from stakeholders in any media sectors that overlap with music.

The Charter Members of the organization are Sony Music Entertainment, The Orchard, Warner Music Group, Universal Music Group, The American Society of Composers, Authors and Publishers (ASCAP), The Harry Fox Agency Inc. (HFA), Phonographic Performance Limited (PPL), PRS for Music, Sociedad General de Autores y Editores (SGAE), Société Civile des Producteurs Phonographiques (SCPP), Société des Auteurs, Compositeurs et Editeurs de Musique (SACEM), Apple Inc., Microgen Aptitude Limited, Nokia, Orange, RealNetworks Inc. and Telefónica Servicos de Música S.A.U.

Membership of DDEX is open to any organization with a business interest in the digital media supply chain.

Contact Information

  • For further information please contact:

    Microgen
    North America:
    Meghan Gardner
    Version 2.0 Communications
    +1 857 222 2864
    Email Contact

    Europe and the Rest of the World:
    Sophie Hodgson
    Speed
    +44 20 7842 3200
    Email Contact

    DDEX
    North America:
    Phil Crosland
    +1 212 621 6218
    Email Contact

    Europe and the Rest of the World:
    Fabienne Herenberg
    +33 1 47 15 45 55
    Email Contact