DataSynapse and Sophis Deliver High Performance Front-to-Back Office Trading Solution.LONDON & NEW YORK -- DataSynapse, the fastest-growing provider of adaptive grid infrastructure solutions, and Sophis, a leading provider of cross-asset, front-to-back-office solutions, have entered into a collaboration agreement to deliver an advanced grid computing offering to Sophis' customer base. DataSynapse will partner with Sophis to bundle an interface to its flagship GridServer software with Sophis RISQUE ris·qué adj. Suggestive of or bordering on indelicacy or impropriety. [French, from past participle of risquer, to risk, from risque, risk; see risk.] Adj. , a solution that enables portfolio and risk management across a broad range of OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). and listed market instruments, and is used globally by many of the powerhouses in derivatives and structured products trading. Sophis clients will benefit from the ability to run the market-leading RISQUE solution within a highly scalable environment that optimizes available system and data resources across the enterprise. GridServer will guarantee workload execution and respond to changing business requirements in real time, satisfying the volatile and unpredictable demand for computer processing power. "We selected DataSynapse due to its strong domain expertise in the financial services industry," said Herve Viciguerra, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Sophis. "DataSynapse has proved itself successful in joint client deployments, and through the innovative use of grid computing we will bring our customers a robust and seamless solution that dramatically improves time-to-results, application resiliency and resource utilization." Under the agreement, the two companies will jointly develop and deploy the solution and will deliver formalized sales support services. Customers will gain from improved scaling, performance, reliability and manageability of front-to-back-office trading through the optimized out-of-the-box joint solution. Rick Moran, DataSynapse SVP SVP S'il Vous Plaît (French: Please) SVP Senior Vice President SVP Schweizerische Volkspartei (Swiss People~s Party) SVP Society of Vertebrate Paleontology SVP Social Venture Partners SVP St Vincent de Paul of business development, said, "As we continue to build our network of worldwide partners, our strategy has been simple: to work with the very best firms in the industry. Our partnership with Sophis will enable us to identify new client opportunities and extend the adoption of grid to its customer base. Through GridServer, Sophis customers can now easily support an increase in trading volume without having to incur additional development or support costs." DataSynapse continues to expand its client base across the Americas and Europe, affirming its position as the de facto standard Hardware or software that is widely used, but not endorsed by a standards organization. Contrast with de jure standard. de facto standard - A widespread consensus on a particular product or protocol which has not been ratified by any official standards body, such as ISO, in grid computing in the financial services sector. Earlier this month, DataSynapse user BNP Paribas won the 'Best Use of IT in Wholesale and Investment Banking' category for its DataSynapse GridServer implementation in the 2005 Banking Technology Awards. About Sophis Sophis provides cross-asset and fully integrated front-to-back-office solutions to buy and sell-side institutions. Sophis was founded in 1985 and is established in London, Paris, New York This article is about the New York town. For other uses, see Paris (disambiguation). Paris is a town in Oneida County, New York, USA. The population was 4,609 at the 2000 census. The town was named after an early benefactor, Colonel Isaac Paris. , Frankfurt, Dublin, Hong Kong and Tokyo. The company's philosophy is to design flexible, open and scalable solutions. Sophis systems are used by 100+ leading financial institutions worldwide, including Abbey National, AXA AXA Anguilla, Anguilla (Airport Code) AXA Alpha Chi Alpha AXA Animal Crossing Ahead (online forum community/guide to the game Animal Crossing) AXA Auxiliary Artery IM, Bank of China International, Barclays Capital, Bank of East Asia The Bank of East Asia Limited (Traditional Chinese: 東亞銀行有限公司) HKSE: 0023 often abbreviated to BEA , BNP Paribas AM, CALYON, IXIS CIB CIB abbr. Latin cibus (food) , Fortis, HSBC HSBC Hongkong and Shanghai Banking Corporation HSBC Humane Society of Broward County (Florida) HSBC Humane Society of Bay County (Bay County, Michigan) , HVB, ING, KBC, Nomura Securities, RaboBank, Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. and SEB. www.sophis.net About DataSynapse DataSynapse, Inc. provides adaptive grid infrastructure software that virtualizes access to computing and data resources, creating a highly scalable service-execution environment, enabling greater business agility at radically lower costs. The company's flagship products, GridServer and FabricServer, virtualize business-critical, enterprise applications and adaptively provision them across available system resources on demand. Open and standards-based, DataSynapse's self-managed solutions eliminate performance barriers and improve productivity levels across the enterprise. DataSynapse works with market leaders in the financial services, government, telecommunications, energy and industrial sectors. The company is headquartered in New York and can be found on the World Wide Web at www.datasynapse.com. |
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