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DAILY NEWS AND INFORMATION
FOR THE GLOBAL GRID COMMUNITY / SEPTEMBER 15, 2003: VOL. 2 NO. 37
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Breaking News - Operating Systems
& Middleware:
SG CIB Partners With Platform
Computing For Grid Work
Platform Computing, one of the largest independent providers of Grid
software,
announced that SG CIB has selected Platform as a key partner for addressing
its needs for Grid computing. SG CIB is the third largest corporate and
investment bank in the Euro zone and the ninth largest company in France, with
a market capitalization of EUR 24 billion at the end of 2002. It has more than
14.7 million customers in retail banking, nearly EUR 270 billion of assets
under management (end 2002), and employs 80,000 people worldwide, nearly half
of which are based outside France.
SG CIB chose Platform Symphony, which manages and accelerates the
performance
of online, real-time compute-intensive applications, after an extensive
competitive evaluation, citing Platform's business-driven approach, technology
and expertise in the financial services sector. The company is deploying
Platform Symphony in its commodities department, where it will safely test and
Grid-enable interactive applications. It plans to expand this infrastructure
throughout the organization.
"In the financial services industry, market changes are measured in seconds
and delays can mean the difference between profit and loss," said Michael
Sharma, vice president of sales and financial services at Platform. "With our
solutions, we can remove technology constraints and drive optimal performance.
As a leading player in the global financial services arena, SG CIB's decision
to use Platform technology underscores our commitment to provide solutions
that deliver real, tangible business value."
As data volume, regulatory and market pressures, and technical complexity
increase, business performance is being constrained by an inflexible, static
technology infrastructure. As a result, organizations are forced to make hard
choices between speed and accuracy to maintain a competitive edge. To overcome
this tradeoff, financial services organizations are using Platform Symphony to
accelerate and Grid-enable compute and time-sensitive applications in core
front and middle office functions.
Announced in September 2002, Platform Symphony is software for accelerating
the development and performance of online, real-time, compute- and data-
intensive applications, and managing the underlying IT infrastructure to make
business-critical decisions faster and more accurately. To ensure accelerated
performance, the product delivers unique industry-leading features, including
an advanced Application Development Environment (ADE) that simplifies and
accelerates the development of Grid-enabled applications, turbocharged
processing to run applications quickly and efficiently, intelligent workload
orchestration and resource provisioning to dynamically match workload and
application demand to IT resource supply and easy manageability through a
centralized, Web-based management interface.
The product's real-time, service-oriented architecture allows organizations
to
maximize their IT resources and accelerate performance by hosting Web services
and servicing high throughput and compute intensive requests. Platform
Symphony is currently the only solution available that supports all commonly
adopted standards, including .NET and J2EE, in production.
With over ten years of experience in financial services, Platform provides
software and services to a growing roster of financial services organizations,
including Capital One, Deutsche Bank, Fidelity Investments, JPMorgan Chase,
Mackenzie Financial Corporation, Royal Bank of Canada, TD Canada Trust and
others.
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