Wachovia Integrates DataSynapse FabricServer to Form a True Service-Oriented Computing Infrastructure that Supports Transaction Processing; Leading Global Bank Expands Partnership with DataSynapse to Create Utility Infrastructure for Virtual Process.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, Inc., a global provider of virtual application infrastructure software, today announced that Wachovia, one of the largest 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. companies in the world, is using DataSynapse FabricServer(TM) to bring the benefits of 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. to its most critical transactional applications. Implemented within Wachovia's Corporate and Investment Bank, the FabricServer deployment is part of a multi-phase, multi-year initiative for continuous process improvement. A critical element of the bank's plan to develop a global, virtual processing A parallel processing technique that simulates a processor for applications that require a processor for each data element. It creates processors for data elements above and beyond the number of processors available. infrastructure to support a managed utility environment, FabricServer maximizes the performance of Wachovia's application server-based business transactions. Wachovia is currently processing front-office trading and middle-office order management applications over FabricServer. The solution has enabled the bank to achieve operational cost savings while improving growth efficiency. With unprecedented service level management control available at runtime, Wachovia has seen a five-fold improvement in application responsiveness and a 50 percent increase in throughput since implementing DataSynapse FabricServer. "DataSynapse software provides a critical platform that enables us to manage application processing in a managed utility environment with total command and control," said Tony Bishop, senior vice president and director of product management of Wachovia. An industry first, FabricServer enables policy-based automation and runtime provisioning of Wachovia's transactional applications across three different types of server environments, BEA WebLogic A software suite from BEA Systems, Inc., San Jose, CA (www.beasys.com) that is used to deploy Web and SOA applications. The core product is BEA WebLogic Server, a J2EE application server. , JBoss and Spring. "By moving critical applications to a virtual infrastructure, DataSynapse helps companies like Wachovia create a more agile operating environment for their business-critical applications," said Jamie Bernardin, chief technology officer of DataSynapse. "We're excited to be such an integral part of Wachovia's service-oriented computing strategy and we look forward to helping them realize the benefits of a shared utility." Wachovia will feature the results it has achieved to date with DataSynapse in a keynote presentation it's delivering at the upcoming InfoWorld SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. Executive Forum, May 16-17 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. . To register for the event that brings together top technologists and analysts to explore the critical components associated with SOA success, visit www.infoworld.com/event/soa/may. About Wachovia Wachovia Corporation (NYSE NYSE See: New York Stock Exchange :WB) is one of the nation's largest diversified financial services companies, providing 13.4 million household and business relationships with a broad range of banking, asset management, wealth management and corporate and investment banking products and services. Wachovia operates as Wachovia Bank through 3,159 offices in 16 states from Connecticut to Florida and west to Texas, and, until Westcorp merger integration activity is completed, will continue to be known as Western Financial Bank in the former Westcorp locations in California. Two core businesses operate under the Wachovia Securities brand name: retail brokerage in 49 states and in Latin America, and corporate and investment banking in selected industries nationwide. Globally, Wachovia serves clients through more than 40 international offices. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com, and investment products and services at evergreeninvestments.com. Wachovia had assets of $541.8 billion, market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. of $90.2 billion and stockholders' equity Stockholders' Equity The portion of the balance sheet that includes capital received from investors in exchange for stock (paid-in capital), donated capital, and retained earnings. This is equal to total assets minus liabilities, preferred stock and intangible assets. of $49.8 billion at March 31, 2006. About DataSynapse DataSynapse, Inc. is a global provider of virtual application infrastructure software. The company's flagship products, GridServer(R) and FabricServer(TM), virtualize To cause a virtual technique to be performed. See virtualization. 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 www.datasynapse.com. |
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