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Nordea pioneers virtualisation technology.


DataSynapse recently announced that Nordea, the Nordic region's largest bank and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 company, has rolled out DataSynapse GridServer software to support its growing derivatives business. Nordea is the first Nordic bank to use application virtualisation technology to improve trading productivity and performance levels for its trading and risk systems. GridServer is application virtualisation software that enables application services See ASP and Web services.  to be distributed and executed across shared, heterogeneous Not the same. Contrast with homogeneous.

heterogeneous - Composed of unrelated parts, different in kind.

Often used in the context of distributed systems that may be running different operating systems or network protocols (a heterogeneous network).
 infrastructure. By creating a virtualised environment that matches user demand with supply of available system and data resources, GridServer provides an "on-demand" environment that dramatically improves application performance, resiliency The ability to recover from a failure. The term may be applied to hardware, software or data.  and uptime. Nordea has moved both its end-of-day and intra-day derivative risk calculations to GridServer, reducing processing time with the most complex trade pricing calculations. This allows the bank to maximise its trading performance. About DataSynapse DataSynapse, Inc. is a global provider of application virtualisation software. The company's flagship products A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , GridServer(r) and FabricServer(tm), virtualise business-critical applications and adaptively provision them across a shared infrastructure.

www.datasynapse.com
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Title Annotation:DataSynapse Inc.'s GridServer software used by Nordea
Publication:Database and Network Journal
Article Type:Brief article
Date:Dec 1, 2006
Words:165
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