Solution Offers Integration between GigaSpaces eXtreme Application Platform and Microsoft Excel 2007, Excel Services and Windows Compute Cluster Server 2003
New York, NY - June 18, 2007 - GigaSpaces Technologies today 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, 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 will preview the combined solution, providing live product demonstrations in booth #1419, at SIFMA's Technology Management Conference, June 19-21 in New York City. 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.
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 http://www.gigaspaces.com, or visit the company's blog at http://www.gigaspacesblog.com.
For additional information, contact:
Tel: (+1) 617-681-1256
Alit Bar Sadeh
GigaSpaces Technologies, Inc.
Tel: (+1) -917-701-5185
GigaSpaces is a trademark of GigaSpaces Technologies, Inc. All other trademarks are the property of their respective owners.