Systems/Enterprise:

DataSynapse FORMS STRATEGIC PARTNERSHIP WITH GOLDMAN SACHS

DataSynapse Inc announced that Goldman Sachs led a round of venture financing with participation from existing investors Bain Capital, NeoCarta Ventures, Intel Capital, New York City Investment Fund, Silicon Alley Venture Partners, Stonehenge Capital and Wand Partners. In addition to its investment, Goldman Sachs has selected DataSynapse's GridServer software for deployment in its global risk management area in the first quarter of 2005.

"Goldman Sachs is a leader in leveraging Grid-based computing for demanding financial applications," said Peter Perrone, vice president with Goldman Sachs. "DataSynapse's products will help Goldman Sachs continue to scale our shared computer resources across our businesses."

Goldman Sachs joins a growing roster of 30 clients who rely on GridServer to help them realize the benefits of an agile and responsive IT infrastructure. The relationship reinforces DataSynapse's leadership position in the demanding financial services sector.

"We are proud to add Goldman Sachs to our global family of customers and partners," said Peter Lee, CEO of DataSynapse. "Our strategic partnership with Goldman Sachs adds momentum to our efforts to accelerate a standards-based, utility computing environment that can immediately respond to changing business requirements."