Breaking News:
DataSynapse Completes Banner Year In 2004
DataSynapse Inc, a provider of Grid computing solutions for the virtual
enterprise, continues to experience tremendous growth after more than doubling
its revenues from the previous year. Expanding its presence in North America
and Europe, DataSynapse remains the fastest-growing provider of Grid computing
solutions and continues to dominate the market with high-profile customer wins
and award-winning product innovations.
DataSynapse GridServer software virtualizes application data components and
business logic and distributes them over a shared system infrastructure,
creating a standards-based, utility computing capability that delivers
substantially higher service levels for radically lower cost. Leading-edge
organizations in the financial services, government and energy sectors have
turned to DataSynapse to realize the benefits of an application architecture
that scales without increased overhead or complexity. According to market
research firm Gartner Group, organizations that do not utilize virtualization
technologies spend 25 percent more annually for hardware, software, labor and
space for servers.
"DataSynapse has grown twenty-fold since 2001 by providing strategic software
solutions that help companies create a more agile and responsive IT
infrastructure," said Peter Lee, CEO of DataSynapse. "DataSynapse will
continue to sustain strong performance by helping our clients realize the
benefits of a shared computing environment."
2004 highlights include:
- Customer Wins: DataSynapse reinforced its leadership position by more than
doubling its client roster in 2004 to over 30 global corporations. In the
financial sector, Goldman Sachs, one of the world's oldest and largest
investment banking firms, selected GridServer for deployment in its global
risk management division beginning in the first quarter of 2005. DataSynapse
also expanded its presence in vertical markets with wins in energy and
government.
- Product Innovations: DataSynapse announced enhancements to its
award-winning GridServer software in 2004. Moving beyond traditional
high-performance-computing environments, GridServer can be deployed across the
enterprise, Grid-enabling the widest array of application types (including
compute-, data- and throughput-intensive applications as well as
service-oriented architectures) allowing those applications to run over a
variety of resource types (including mainframes, blade servers, and desktops).
The company also launched its one-of-a-kind rapid application assessment
methodology, Gridesign in May.
- Industry Recognition: Validating the company's commitment to product
excellence and customer satisfaction, this year DataSynapse and its customers
received several top industry awards. The company was named best Grid solution
by Waters magazine along with one of the top 10 technology companies to watch
in 2004 by Bank Technology News. For its outstanding achievement through the
use of DataSynapse's Grid solution, customers Nationwide and Wachovia were
honored in InfoWorld magazine's 2004 Top 100 list. In addition, DataSynapse
received a 2004 IBM PartnerWorld Beacon Award for its ability to address the
growing business need for real-time processing solutions that significantly
reduce costs and the 2004 KPMG and AlwaysOn (AO) 100 Top Private Companies
award for innovation and demonstrated leadership.
- Strategic Partnerships and Management Growth: Accelerating the worldwide
adoption of DataSynapse's Grid solution, the company has teamed with partners
who are pursuing major Grid initiatives most notably, IBM and Intel. Both of
these partnerships yielded new, joint client wins in 2004. Chartered with
leading the next phase of corporate growth, DataSynapse appointed Mark
Mszanski to executive vice president of global field operations. Mszanski
joins DataSynapse from BEA Systems, Inc. where he was vice president and
general manager of the Eastern United States operations.
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