ClearCube and DataSynapse Partner to Create the First Grid-Enabled PC Blade Solution for the Financial Services Industry |
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ClearCube Technology, Inc.
8834 Capital of Texas Highway N.
Austin, TX, 78759
USA
Press release date: January 30, 2006
AUSTIN, Texas, Jan. 30/ -- ClearCube Technology, the market leader and pioneer in PC Blade computing, today announced a partnership with DataSynapse, a global leader in virtual application infrastructure, to deliver a grid-enabled PC Blade platform. This hardware and software combination is the first of its kind for the financial services and insurance industry.
Financial services and insurance firms have been the leading adopters of computing grids to run complex portfolio analysis, capital reserve, risk assessment, and actuarial models. By coupling DataSynapse's GridServer® software with ClearCube's award-winning PC Blade platform, enterprises now have a grid-computing solution that delivers increased performance, efficiency and scalability.
DataSynapse is the leading provider of virtual application infrastructure software in the financial services sector. The DataSynapse GridServer software virtualizes and distributes application services and executes them in a guaranteed, scalable manner. By creating a virtualized environment that matches demand (user/application service requests) and supply (available system and data resources), GridServer provides an "on demand" environment that dramatically improves application performance, resiliency and utilization of resources.
ClearCube is the leading provider of PC Blade computing solutions in the financial services sector. Investment banks, hedge funds, retail banks and insurance companies already use ClearCube PC Blades and management software to deliver secured, high-availability computing to end-users while cutting support costs by more than 40 percent.
ClearCube's blades are an ideal grid-computing platform for several reasons. First, PC Blades provide the best price/performance/density metrics because they leverage the latest Intel Pentium 4 and Xeon blades in a dense form factor. Second, ClearCube PC Blades provide for greater flexibility because they can be dual-used (end-user computing by day/grid-computing by night). Third, ClearCube PC Blades enable the enterprise to easily scale up (or down) in smaller increments so that large, up-front infrastructure investments are not required. Finally, since the entire infrastructure is in a secured, controlled environment, management of the grid is simplified and network latency is reduced.
With the combination of the DataSynapse software and ClearCube's PC Blades, financial services firms have an ideal platform for performing real- time analyses that drive improved business decisions. This is of vital importance for users who conduct risk analysis, portfolio management and insurance actuarial models.
"By partnering with DataSynapse, we are able to deliver a grid-computing environment that is unmatched in the industry in terms of flexibility, scalability and price," said Carl Boisvert, president and CEO of ClearCube Technology. "ClearCube PC Blades deliver one centralized secure computing platform that can be used for both end-user workstations and a grid-computing environment."
"This partnership creates an agile solution for our joint financial services customers," said Peter Lee, CEO of DataSynapse. "The ClearCube offering provides a unique approach to leveraging computing resources as both a workstation and a grid. Combining the flexibility of GridServer with ClearCube PC Blades creates a simple but powerful tool for financial services professionals."
About DataSynapse
DataSynapse, Inc. is a global provider of virtual application infrastructure software. The company's flagship products, GridServer® and FabricServer(TM) virtualize business-critical applications and adaptively provision them across a shared infrastructure. DataSynapse helps clients improve business agility while reducing the cost and complexity of their IT infrastructure. The company is headquartered in New York and can be found on the World Wide Web at http://www.datasynapse.com/.
About ClearCube Technology
ClearCube Technology is the pioneer and market leader in Blade computing, hardware and management software. By deploying ClearCube Blade solutions, customers have dramatically reduced their support costs while improving the security and availability of their computing infrastructure. ClearCube was recently awarded the "Best Blade System" by InfoWorld magazine's Technology of the Year awards. ClearCube has established a proven track record of success in the financial services sector with leading customers such as Morgan Stanley, Goldman Sachs, Bank of America and Lehman Brothers. Six of the top 10 investment banks have deployed ClearCube solutions. For more information, visit http://www.clearcube.com/.
ClearCube Press Contacts: Ken Knotts ClearCube Technology 512-652-3425 ken@clearcube.com
Kevin Doak Text 100 617-399-4931 kevind@text100.com
DataSynapse Press Contact: Grace Pai Articulate Communications Inc. 212.255.0080, ext. 16 gpai@articulatepr.com
Source: ClearCube Technology
CONTACT: Ken Knotts of ClearCube Technology, +1-512-652-3425, ken@clearcube.com; Kevin Doak of Text 100, +1-617-399-4931, kevind@text100.com; or Grace Pai of Articulate Communications Inc. for DataSynapse Press, +1-212-255-0080, ext. 16, gpai@articulatepr.com /First Call Analyst:
Web site: http://www.clearcube.com/ http://www.datasynapse.com/
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