GigaSpaces to Provide Solutions for Distributed, Financial Services Applications with HP


Addressing New Demands on Financial Applications: Performance, Linear-Scalability, Continuous Availability on Cost-Effective Hardware

NEW YORK, Booth 1423 at SIA, June 21/ Gigaspaces Technologies, a provider of new generation infrastructure software solutions, today announced the qualification of Gigaspaces Enterprise and Caching Editions on HP ProLiant and HP BladeSystem servers
designed to drive transaction speed, end-to-end scalability and uptime for
joint financial services and securities industries customers.

As capital markets continue to evolve in their transaction and analytic
processing, financial services firms must strive for cost effective,
financial applications run over commodity hardware, such as x86 architectures
running Linux. Designed for today's open environments, GigaSpaces enables
business applications with high and volatile transaction volumes unlimited
on-demand scalability and extreme performance across low-cost, open
platforms, such as blade racks and Linux servers.

Anne Ambrose, HP WW Director Financial Services, states: "Customers who
are looking to launch low-latency, distributed systems, require an entire
solution. We look forward to working with GigaSpaces to offer HP ProLiant and
HP BladeSystem servers in concert with Gigaspaces' middleware software
designed for scaleable performance and resiliency."

Gigaspaces provides innovative, high-performance application
infrastructure that delivers end-to-end scalability of high-volume
transactional applications, as the business grows. Over a single platform it
fixes both processing and data bottlenecks at the same time, without the
overhead and complexity inherent in traditional tier-based environments. In
addition to meeting all performance and scalability requirements, Gigaspaces
automatic system monitoring and management capability ensures system
availability and system performance, while eliminating the need to implement,
integrate and manage multiple middleware components. This dramatically
reduces up front application costs, as well as the ongoing costs associated
with maintenance and support of multiple vendor applications.

"Applications are only as fast and scalable as the weakest layer of their
stack," said Geva Perry, executive vice president of business development at
GigaSpaces. "HP is continuously innovating with better hardware offerings
that provide extreme low-latency, high reliability and a scalable and open
architecture. Our joint offering with them will provide customers with
solutions that address the entire stack - bottom to top."

About GigaSpaces

GigaSpaces provides innovative, high-performance infrastructure software
solutions that deliver unparalleled dynamic scalability for high-volume
transactional applications, without the overhead and complexity inherent in
traditional multi-tier development and deployment environments.

Its award-winning solutions have been adopted across multiple vertical
industries and are used by companies such as Societe Generale, Nortel,
Hutchison 3G, Virgin Mobile, FXall and others for mission-critical
applications, where the need for extreme performance, reliability and
scalability necessitates an alternative to traditional tier-based
architectures.

GigaSpaces was founded in 2000 and has offices in New York, London and
Israel, it is a privately held company, funded by BRM Capital, Formula Vision
and Intel Capital. GigaSpaces is an affiliated company of the Formula Group
(NASDAQ: FORTY), Israel's largest publicly held IT group. For more
information, please visit www.gigaspaces.com

About HP

HP is a technology solutions provider to consumers, businesses and
institutions globally. The company's offerings span IT infrastructure, global
services, business and home computing, and imaging and printing. For the four
fiscal quarters ended April 30, 2006, HP revenue totaled $88.9 billion.
More information about HP (NYSE, Nasdaq: HPQ) is available at
http://www.hp.com

Contact:

Alit Bar Sadeh
GigaSpaces Technologies
Tel: +1-(646)-421-2830
Email: alit@gigaspaces.com

Source: GigaSpaces Technologies Ltd

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