IBM (NYSE: IBM) today announced the launch of two new IBM WebSphere Software products, each based on innovative technology from IBM labs, that enable financial markets firms to dramatically enhance the management of their complex financial market data requirements.

The end goal of the IBM-Novell alliance is to provide an enterprise-ready open source alternative to JBoss. At the same time, developers will have an opportunity to build on WAS CE -- the open source WebSphere Application Server Community Edition -- which is supported by both firms.

Reinforcing its market leadership, IBM today announces the addition of a second solution to its suite of Portal business packages for organizations that want the flexibility to rapidly build out new line of business solutions on top of WebSphere Portal software.