2003
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September 8, 2003 | TORONTO, Canada
Platform Computing Unveils Strategy to Accelerate Intelligence™ in $5 Billion Grid Computing Market
Platform Computing Inc., the largest independent grid software provider, today unveiled its strategy to help its customers Accelerate Intelligence™ with its grid computing technology. Platform's grid computing solutions help organizations improve business performance by increasing service levels and optimizing their IT infrastructure with software designed to plan, build, run, and manage grids. According to recent industry estimates, the grid computing marketplace is expected to grow to almost $5 billion by 20081, creating a significant opportunity for Platform, a US$50 million company which has remained profitable for 11 years with no external funding.
"The information technology industry is in crisis," said Songnian Zhou, CEO, Platform Computing. "Organizations are spending billions of dollars on technology, yet IT remains the most underutilized corporate asset. In fact, many organizations have no idea how their IT supports business performance.
We believe there is a better way to leverage IT for business advantage. With our grid computing software and services, we can link an organization's core business objectives to its IT and help organizations overcome their IT constraints to make previously inconceivable ideas, businesses, products and services a reality. We call this Accelerating Intelligence."
"The business value of grid computing is not only the possibility of more effective utilization of IT resources, but also the certainty of more effective insight into the factors that impact business performance," said Nick Gall, Senior Vice President, META Group. "Initially, users may adopt grid computing simply to get better visibility into their use of existing resources, however, we believe that grid computing will encourage organizations to re-evaluate how they use compute resources to drive business value and adopt new business models such as on demand and utility computing."
To help its customers Accelerate Intelligence with grid computing, Platform today announced three key initiatives. These include:
- Three Acceleration Centers™ to provide industry-specific grid computing solutions to global Financial Services, Government and Electronics customers;
- An expanded global Professional Services practice to complement offerings from large system integrators and hardware vendors, to help organizations evaluate and implement grid computing to impact business performance; and
- Platform will soon announce an integrated, OGSI-compliant product suite, new grid partnerships with firms such as Oracle, and new application integrations to help its customers gain business value from grid computing
Reinforcing the growing momentum for its grid solutions, Platform also announced 10 new customers. These include global financial services institutions such as Royal Bank of Canada, Groupe Société Générale, and Landesbank Baden-Württemberg (LBBW); electronics customers including Adaptec and Qualcomm; government agencies including the National Center for Supercomputing Applications (NCSA), Japan's Hokkaido University; and European energy companies Schlumberger and TotalElfFina.
"After decades of rapid technological change, IT has become siloed, static, and complex, and is often not aligned to business objectives. IT costs are skyrocketing, service levels are unstable and unpredictable and change happens at a snail's pace," said Zhou. "As a result, businesses are forced to make trade-offs between profitability and competitiveness, while business agility and performance suffers."
"Our software orchestrates the execution of all applications across a grid infrastructure, matching demand with supply to improve utilization," he continued. “This capability allows our customers to integrate all of their distributed compute resources across the enterprise, and to run applications based on pre-arranged business priorities and policies. By providing the insight and confidence into how IT assets are being used, we can facilitate adaptation to change, enhance service capabilities, and reduce IT costs to improve business performance."
Used by over 1,600 customers globally, Platform's grid computing solutions – including Platform LSF®, Platform Symphony™ and Platform Intelligence™ – provide the underlying foundation for many of the business models that are shaping computing today, including on demand computing, adaptive enterprise, IT consolidation, and utility computing. All of the major system vendors, including Dell, IBM, HP, NEC and SGI, have adopted Platform’s grid technology to support their enterprise computing strategies.
Platform Computing's intelligent, practical enterprise grid software solutions help organizations optimize IT resources to Accelerate Intelligence(tm). We plan, build, run and manage grids that link IT to core business objectives, and help our customers improve service levels, reduce costs and enhance business performance. With industry-leading partnerships and a strong commitment to standards, we are at the forefront of grid software development, propelling over 1,600 clients toward powerful insights that create real, tangible business value. For more please visit www.platform.com.
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