Technologies and process

Priocept developed the IR Web Modules product within the existing LSE corporate web site framework, thereby reusing a sophisticated and reliable technology platform that supports many existing web-based services developed by the LSE. This enabled the IR Web Modules product to provide enterprise grade performance and reliability, without a large additional investment in technology infrastructure.

This LSE corporate web site platform is based entirely on Microsoft technologies including Windows Server 2003, .NET framework, Commerce Server 2002, Content Management Server 2002 and SQL Server 2000.

Priocept adopts an “agile” approach to its software development projects, using a continual delivery cycle that allows ongoing customer feedback and product innovation throughout the project. This approach allowed the “1.0” release of IR Web Modules to provide numerous customer benefits and product refinements that may have been deferred to a later release if using a less flexible development methodology and more formalised requirements definition phase.

Paul Rennison, product development manager for LSE said, ”Priocept’s approach to software development projects allows my team to focus on the product concept and its marketing, while having the confidence that they will deliver what is required to ensure the product is a success.”

The results

The IR Web Modules product is an ideal web-based tool for public companies to meet increasing corporate communication regulations and growing analyst, investor and fund manager appetites for corporate data. IR Web Modules clients stand to save considerably as they will not have to create or host a dedicated investor relations website or perform complex integration work to incorporate market data feeds.

IR Web Modules launched officially in November 2005 with the introduction of new marketing materials, although five clients had already been signed up during the pilot phase. In order for companies to take advantage of the IR Web Modules offering, they pay a one-time GB£1,000 set-up fee. In addition to the set up fee and the hosting charge, the user chooses one of three data packages ranging in price from £1,000 to £1,800 per annum.