Special
Features:
DataSynapse GOING FOR THE
GRID
DataSynapse announces 2002 milestones; tripling revenue,
signing major
customers and partnerships, adding leading software executives
to the board
and entering the government sector.
DataSynapse Inc, the
application
enabling software for Grid, "on-demand" and
utility computing
infrastructure,
released its 2002 results and company
milestones.
Highlights included
the tripling of revenue from the previous year, the
announcement of new
customers and partnership agreements, the addition of
leading software
executives to the board of directors and the company's entry
into the
government sector.
DataSynapse signed many new
"bulge-bracket"
financial services and energy
customers, tripling the
company's client base.
These customers have
successfully deployed the
DataSynapse LiveCluster 3G
application
integration platform and found that in
production, they have
realised
significant benefits including substantially
increased application
performance
and resiliency while dramatically reducing
IT infrastructure
cost.
"Grid computing has already had a significant
impact on our
ability to meet
business objectives," said Bridget-Anne Hampden,
CIO of
corporate and
investment banking, Wachovia Corp. "DataSynapse's ability
to
enable a wide
range of applications creates a compelling solution with
immediately
realisable benefits."
During 2002, revenues increased by
over 300% and the total sales pipeline grew
five-fold, making DataSynapse one
of the fastest growing grid/distributed
computing software companies in the
world.
"Major financial services and energy firms have evaluated and
selected the
DataSynapse technology and deployed it in production," said Peter
Lee, CEO,
DataSynapse. "Based on their initial successes, LiveCluster is
increasingly
becoming a corporate standard for managing scalable applications
across the
enterprise."
Key Partnerships
DataSynapse
continued to expand its partnership strategy with major agreements
and
announcements with leading application and infrastructure vendors.
On
the application partnership side, the Company entered into an agreement
with
Algorithmics, a leading enterprise risk management software company, as
its
exclusive distributed computing partner to power its risk applications and
to
build a scalable risk management platform.
This agreement will include
Algorithmics offering a grid distributed computing
version of its Algo Suite
of enterprise-wide risk management solutions
utilising DataSynapse's
application infrastructure platform LiveCluster 3G.
This initiative will
enable Algorithmics customers to run Algo Suite across a
heterogeneous
environment running both Linux and Sun Microsystems' Solaris
operating
systems.
The initiative will also enable current Sun customers to take
advantage of the
distributed computing capabilities by easily adding
additional Sun computers.
"Being an industry leader means we are
focused on ensuring Algo Suite is
prepared to meet the future needs of our
clients," said Dan Rosen, Vice
President, Product Marketing at
Algorithmics.
"One cannot deny the interest within the financial
services industry for grid
distributed computing is driven by the potential
for reduced hardware costs,
guaranteed availability, and increased performance
and scalability. We now
plan to develop a distributed Linux grid cluster
version of Algo Suite 4.3 to
be available in the third quarter of 2003."
On the infrastructure partnership side a major DataSynapse announcement
included IBM.
http://www.ibm.com/grid
Government
Sector
Led by customer demand, DataSynapse has opened a Washington
D.C. office
focused on the government sector, headed by Ken Kneuven, a
government
technology specialist with 25 years experience. DataSynapse will
now be able
to service public sector clients with a software solution
specifically
tailored to their unique needs.
Additions to the Board
of Directors
Further adding software and technology expertise to the
DataSynapse board of
directors, Jim Maikranz, former Senior Vice President of
Worldwide Sales at JD
Edwards, joins fellow members Peter Bernard, COO of
RiskMetrics Group, the
leader in risk measurement and management software and
Robin Gilthorpe, Vice
President of Global Sales at Avistar, a leading video
communications and
collaboration firm. Prior to joining J.D. Edwards, Jim
served as Senior vice
president of Sales for SAP, where he developed sales
strategies, participated
in global pricing strategies and established
competitive positioning
initiatives helping grow the company from US$3 million
to US$3 billion in
revenue.
About DataSynapse
DataSynapse
Inc enables applications requiring scalability to exploit
distributed
computing capabilities by efficiently utilising the overall IT
environment.
DataSynapse deploys a self-managed, guaranteed, grid
distributed computing
platform, LiveCluster, that delivers order of magnitude
increases in the speed
and reliability of software applications while
substantially reducing clients'
total cost of ownership and accelerating their
time-to-deploy.
LiveCluster solves compute-and data-intensive
bottlenecks and scalability
constraints by unobtrusively harnessing the power
of servers, grid clusters
and/or desktops anywhere on a client's network,
whether dedicated or under-utilised. LiveCluster integrates easily with new or
legacy applications
running on Linux, Unix, or Windows systems.
DataSynapse is headquartered in New York, with offices in London, Houston,
Chicago, Washington D.C. and San Francisco.
As part of IBM's grid
computing initiative, DataSynapse was selected as one of
its key partners,
focusing on the financial services and energy verticals. The
DataSynapse/IBM
master reseller agreement includes joint technology bundles as
well as
co-marketing and sales efforts. DataSynapse was also chosen as Intel's
exclusive global distributed computing partner for the financial services and
energy industries. The two companies are jointly marketing their
solutions.
http://www.datasynapse.com
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