2004
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June 22, 2004 | BOSTON – Risk USA
Platform Computing Releases New Version of Platform Symphony
Platform Computing Inc., the largest distributed and grid computing software vendor, today announced Platform Symphony 2.1 ™, with new integrated Message Passing Interface (MPI), Parallel Virtual Machine (PVM), and Open Multi Processing (Open MP) parallel application support, allowing financial organizations to move MPI applications from costly Symmetric Multiprocessing (SMP) systems to commodity hardware architectures without compromising manageability. With Platform Symphony 2.1, financial services organizations can achieve higher ROI by seamlessly deploying more applications to the grid more quickly while improving application performance, scalability, and reliability.
In the past, sophisticated capital market firms have used MPI/Open MP technologies to parallelize the most demanding, compute intensive pricing and risk analytics in the front office. These applications often are hosted on very large SMP machines. Now, with Platform Symphony 2.1, parallel MPI applications are quickly and easily integrated into the Platform Symphony compute grid and they require no modification or recompiling. Platform Symphony's advanced self-management capabilities dynamically prioritize and preempt parallel work based on importance, logically linking work to the fastest and closest resources ensuring that work is completed when it is needed. This functionality is ideal for financial services organizations that need to increase application performance and reliability in order to meet service-level agreements and comply with regulatory requirements while also reducing costs.
Building on Platform's 12 years of experience in High Performance Computing, Platform Symphony can now grid-enable more applications, deploy them faster and offer more granular management of the parallel jobs," said Robert Boettcher, VP, Financial Services, Platform Computing. "With minimal, or, in many cases, no reengineering of the application, Platform enables financial services organizations to migrate applications to a commodity PC grid solution while simultaneously improving manageability. The result is significant savings in hardware costs, reduced operational costs and scaleable, on-demand access to resources."
Today's financial services organizations need to obtain more business value from IT, without costly reengineering or compromising system predictability and control. They face a number of challenges such as the increasing demand for application performance as well as ensuring that overnight risk analysis and pricing models complete in time to meet service-level agreements and regulatory requirements.
Platform Symphony meets these challenges by supporting the widest range of workloads found in financial services and offers true service-level virtualization for greater application reliability, global, enterprise-class scalability for optimal performance and fail over and guaranteed service execution of all application workloads.
Underpinning Platform Symphony is the robust Virtual Execution Machine (VEM™). More than simply a distributed application technology, the VEM is a high performance, system-level architecture. The VEM resides below the application layer providing a true virtual environment that is ideal for critical workload management. Currently powering over 1600 customers worldwide in a variety of demanding industries and business-critical applications, the production-proven VEM is the ideal architecture to handle the ever-increasing demand for application performance in financial services on a 24X7 basis.
Platform Symphony™ is leading enterprise-class standards-based software that distributes and virtualizes compute-intensive application services and processes across existing heterogeneous IT resources creating a shared, scaleable, and fault-tolerant infrastructure, delivering faster, more reliable application performance while reducing cost.
Platform Symphony dynamically allocates resources to satisfy the needs of single or multiple applications and their workloads across individual or multiple lines-of-businesses (LOB). By enabling enterprises this flexibility to 'start small, yet think big' regarding grid technology adoption, they have the ability to scale an implementation up and across the entire enterprise to achieve immediate ROI and effectively future-proof their technology investment.
Leading financial institutions around the world, including Capital One, Deutsche Bank, Fidelity Investments, Groupe Société Générale, JPMorgan Chase, RBC Capital Markets, RBC Insurance and TD Canada Trust are using Platform solutions to improve front- and back-office application performance, deliver guaranteed service execution and reduce processing times from days or hours to minutes.
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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