April 17, 2013 --Magic Software Enterprises Ltd. (NASDAQ: MGIC), a global provider of software platforms for enterprise mobility, cloud applications, and business integration, announced today that it has established a technology partnership with GigaSpaces Technologies, a pioneer of next-generation application and cloud enablement platforms for business-critical applications.
The partnership with GigaSpaces upholds Magic's commitment to provide its customers with future-ready solutions, providing optimal performance in light of increasing demands for big data, cloud computing, and the exponential growth of transactions as enterprises mobilize their business processes.
"We are excited to integrate GigaSpaces' XAP in-memory computing (IMC) technology into Magic's technology stack. By combining our technologies, we will enable our customers to be cloud-ready and enjoy the benefits of high performance, scalability and availability that can be achieved with in-memory computing technology, all with a seamless migration effort and virtually no learning curve," said Eyal Pfeifel, CTO at Magic.
"We are happy to join forces with a visionary partner, such as Magic, that recognizes the value that in-memory computing brings to addressing current and forthcoming IT challenges," said Adi Paz, EVP of Business Development & Marketing at GigaSpaces. "Magic is one of a growing number of software companies who are using in-memory computing technologies inside their products. The 'in-memory computing inside' approach enables their users to benefit from IMC advantages with minimal impact on their existing applications and skills."
Gartner's Top 10 Technology Trends, 2013: In-Memory Computing Aims at Mainstream Adoption report published January 31, 2013 states, "Increasing use of in-memory computing (IMC) application infrastructure technologies as enablers inside multiple types of software and hardware products will result in rapid IMC adoption by mainstream, risk-averse IT organizations."
About GigaSpaces Technologies
GigaSpaces Technologies is the pioneer of a new generation of application virtualization platforms and a leading provider of end-to-end scaling solutions for distributed, mission-critical application environments, and cloud enabling technologies. Hundreds of organizations worldwide are leveraging GigaSpaces' technology to enhance IT efficiency and performance, including Global Fortune 500 companies, from top financial service enterprises, e-commerce companies, online gaming providers, and telecom carriers.
About Magic Software Enterprises
Magic Software Enterprises (NASDAQ: MGIC) empowers customers and partners around the globe with smarter technology that provides a multichannel user experience of enterprise logic and data.
Except for any historical information contained herein, matters discussed in this press release might include forward-looking statements that involve a number of risks and uncertainties. Regarding any financial statements, actual results might vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both locally and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in Magic's most recent annual report and other filings with the Securities and Exchange Commission.