OpenFin Taps NodeSource To Enhance Container For Finance

NEW YORK and LONDON, June 7, 2016

OpenFin today announced a partnership with NodeSource, the Enterprise Node Company ™, to further enhance OpenFin’s market-leading HTML5 container for finance. NodeSource’s expert engineers will become committers to OpenFin’s open-source project, focusing on the security of Node.js which is embedded in OpenFin’s Electron-based container. Joe McCann, CEO of NodeSource will join OpenFin’s Industry Advisory Board which includes 13 of the world’s largest financial institutions and trading platforms.

OpenFin’s HTML5 container technology enables web applications to run outside-the-browser with native experience and desktop integration. 30 leading financial institutions and trading platforms now use OpenFin to deploy their flagship desktop applications to thousands of front-office users at 44 sell-side firms and over 250 buy-side firms. OpenFin is built on Electron, an open-source project which integrates Chromium, Google’s open-source browser project, and Node.js, a JavaScript runtime built on Chrome’s V8 JavaScript engine.

Mazy Dar, CEO of OpenFin, said: “The integration of Node.js in Electron presents both exciting opportunities and significant security challenges in a financial industry context. We are thrilled to be working with the world’s leading experts at NodeSource to enable enterprise-grade use of Node.js within the OpenFin container.”

Node.js enables unfettered access to the desktop operating system and automatic download of unverified third-party code at runtime, both of which create enormous security risks on financial desktops. OpenFin has eliminated these risks in consultation with a working group of leading financial industry architects by locking down Node.js. NodeSource’s engineers, including JavaScript and Node veteran Patrick Mueller, will bring additional expertise to enable safe use of Node.js on the desktop by OpenFin-based applications.

Joe McCann, CEO of NodeSource said: “Security is paramount for financial industry applications and core to what we do at NodeSource. We are delighted to be working with OpenFin to help unlock the full power of Node.js on financial desktops.”

About OpenFin

OpenFin provides the financial industry’s leading runtime for HTML5 applications. Built on Electron and tailored for financial firms, OpenFin is a powerful and secure HTML5 engine that enables seamless deployment, native experience and desktop integration. The world’s largest financial institutions and trading platforms use OpenFin to deploy applications both in-house and to over 250 buy-side and over 40 sell-side customers. OpenFin is backed by Bain Capital Ventures, Nyca Partners, Pivot Investment Partners.

About NodeSource

NodeSource is a technology company dedicated to delivering enterprise-grade solutions in support of a sustainable ecosystem for the open source Node.js project. We aim to drive and expand the Node.js ecosystem by providing best of breed solutions that specifically target the needs of the enterprise. Customers include NASA, HomeAway, Condé Nast, Craftsy, and other progressive Node.js adopters who are leading the charge in microservices via server-side JavaScript instead of maintaining legacy monolithic applications like Java. We are a Distributed by Design organization – our teammates report to work from all corners of the world: Asia, Australia, Europe, South America, as well as NY, SF and Austin. NodeSource is backed by RRE Ventures, Crosslink Capital and Resolute.vc and our AngelList Open Source Syndicate.