Wachovia, a DataSynapse Customer, Wins Network World Enterprise All-Star Award and is Named to the InformationWeek 500; Company Honored for Successful, Innovative Application Virtualization Project with DataSynapse Technology.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- DataSynapse, a global provider of application virtualization A smaller umbrella term within the larger umbrella term of "virtualization." It refers to several techniques that make running applications more protected, more flexible or easier to manage. See virtualization, network virtualization and storage virtualization. software, today announced that its customer, Wachovia, was honored with Network World's Enterprise All-Star Award, while ranking 97th in the InformationWeek 500 for its highly successful, innovative application virtualization project. An industry "first," Wachovia worked with DataSynapse to virtualize To cause a virtual technique to be performed. See virtualization. its most critical transactional applications as part of a multi-phase, multi-year initiative for continuous process improvement. Wachovia's Corporate and Investment Bank division partnered with DataSynapse to virtualize legacy, third-party and service-oriented applications, adaptively provisioning them across a shared infrastructure. By implementing DataSynapse GridServer(R) and FabricServer(TM), Wachovia has created a service infrastructure that delivers processing power to applications on demand, improving performance and quality of service to the business. "This year's awards recognized exceptional use of innovative technology to benefit the bottom line and further business objectives," said Kelly Vizzini, chief marketing officer of DataSynapse. "Wachovia's application virtualization project fit the bill because it's helping the bank to achieve its goals for continuous process improvement, while delivering measurable, tangible business benefits." As a result of the project, Wachovia experienced new business opportunities, major performance gains, better report turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. and greater trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. and simulation - all while optimizing existing IT resources. Aside from impressive ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). , the project added new business capabilities. DataSynapse enabled Wachovia to achieve operational cost savings, while improving growth efficiency, resulting in a five-fold improvement in application responsiveness and a 50 percent increase in throughput. This year's Network World Enterprise All-Star Award netted 40 winners, selected from nearly 200 entries. Winners were segmented into eight categories and divided into a variety of vertical markets, including education, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , healthcare and hospitality industries. For 18 years, InformationWeek has tracked and named the country's most innovative users of information technology with its annual InformationWeek 500 listing. Wachovia has been recognized in the top 100 of this list for its virtualization An umbrella term for enhancing a computer's ability to do work. Following are the ways virtualization is used. Hardware Virtualization Partitioning the computer's memory into separate and isolated "virtual machines" simulates multiple machines within one physical computer. initiative with DataSynapse. This implementation continues to earn accolades from industry luminaries for its innovation and impressive business benefits. In addition, DataSynapse was recently named as one of the fastest-growing private companies in America by this year's Inc. 500. Ranked at number 39, DataSynapse has grown more than twenty-fold since its inception in 2000, and its revenues have more than doubled since 2004. About Network World's 2006 Enterprise All-Star Award: The Network World Enterprise All-Star Award program recognizes exceptional use of network technology to further enterprise business objectives. For the 2006 award - the second annual - Network World editors selected 40 enterprise IT organizations representing the best, most innovative application of network technologies in eight categories, such as Network Management, Security and Wireless. These award-winning network IT projects are profiled in Network World's special edition Signature Series Enterprise All-Star Issue published Sept. 25. The All-Star Web site can be found at www.networkworld.com/allstar/2006. About DataSynapse: DataSynapse, Inc. is a global provider of application virtualization 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 and FabricServer(TM), virtualize business-critical applications and adaptively provision them across a shared infrastructure. DataSynapse drives business agility through shared services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. , helping clients reduce the cost and complexity of their IT infrastructure. The company is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . For more information, visit www.datasynapse.com. |
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