Real-time computing. Real-time news.
June 25, 2007
GigaSpaces, Microsoft Deliver Solutions for Capital Markets
GigaSpaces Technologies announced it is working with Microsoft
Corp. to deliver an analytics solution that allows financial services
organizations to process high volumes of transactional data in extremely
short processing times. The combined solution delivers real-time trading data
in front-office applications based on Microsoft technologies, including
Office Excel 2007. It combines the latest Microsoft technologies -- Excel 2007,
Excel Services, User Defined Functions (UDF) and Windows Compute Cluster
Server (CCS) 2003 -- with GigaSpaces' eXtreme Application Platform (XAP) and
Enterprise Data Grid to deliver superior usability, performance and
scalability.
The solution addresses two fundamental challenges grid users in capital
markets are facing today. First, it allows organizations to move large
volumes of data to compute nodes with low-latency performance, and, second,
it eliminates the disconnect between the front office and the data grid. In
addition, GigaSpaces' platform provides a highly scalable application
architecture that enables organizations to keep pace with rapid growth.
"In the financial services industry, large and fast-growing applications
based on Microsoft technologies need to process high volumes of transaction
data very fast," said Stevan Vidich, U.S. capital markets industry technology
strategist at Microsoft Corp. "Our work with GigaSpaces supports those
requirements by offering end users a way to process high volumes of
low-latency data using Excel-based applications. Smooth interoperability
between Java and .NET is an added bonus."
According to Amnon Raviv, senior director of strategic alliances at
GigaSpaces, "GigaSpaces unique approach delivers two key capabilities: high
performance and scalability. We do this by combining distributed caching,
content-based messaging and parallel processing to enable linear scalability
and extreme low-latency. As a result, financial services applications can
handle large data sets and leverage available resources more effectively. We
are pleased to deliver these benefits to Microsoft users."
GigaSpaces and Microsoft previewed the combined solution, providing
live product demonstrations, June 19-21 in New York City at SIFMA's Technology Management
Conference. Additionally, a white paper
published by the two companies will be available on Microsoft Developers
Network (MSDN) Web site in late June.
GigaSpaces' award-winning solutions are being adopted across industries
such as financial services, telecommunications and law-enforcement for
mission-critical applications, where the need for extreme performance,
reliability and scalability necessitates an alternative to traditional
tier-based architectures. In order to broaden its reach and provide premiere
enterprise solutions, GigaSpaces Technologies continues to foster new
industry relationships and create innovative products for its customers.
About GigaSpaces
GigaSpaces provides a single infrastructure software platform for application scalability and performance. GigaSpaces' unique approach enables developers to write their business logic as if writing to a single computer and then seamlessly scale out the application linearly anywhere, and on-demand. It is targeted at applications characterized by high-volume transaction and data processing and low transaction latency requirements and provides an alternative to Web services for implementing high performance and scalable service-oriented architectures. GigaSpaces customers include leaders in the financial services, telecommunications sectors and government institutions, including: Societe Generale, Chicago Mercantile Exchange, Dow Jones, Virgin Mobile, Nortel and Hutchison 3G, where the need for mission-critical high-performance, low-latency, reliability and scalability necessitates an alternative to traditional approaches. GigaSpaces was founded in 2000 and has offices in New York, San Francisco, London, Paris and Israel. It is a privately held company, funded by FTVentures, BRM Capital, Intel Capital and Formula Vision. For more information, please visit www.gigaspaces.com, or visit the company's blog at www.gigaspacesblog.com.
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Source: GigaSpaces Technologies Ltd
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