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June 16, 2006
GemStone to Deliver Data Platform for Financial Services
GemStone Systems, a provider of the Enterprise Data Fabric, has announced it will deliver high speed data access and distribution capabilities on Intel's financial services technology platform. GemFire on Intel for Financial Services (GIFS) combines software, hardware, tools and services to provide a scalable, high throughput, low-latency solution to improve data reliability, manageability and availability. GIFS is designed to address the growing challenges facing financial organizations by reducing resource requirements and resulting in lower total cost of ownership and improved ROI.
By deploying GemFire Enterprise Data Fabric (EDF) on Intel technology, the GIFS solution delivers high scalability and compute and data throughput to improve data access and analysis and ensure continuous application and data availability. GemFire EDF provides reliable, low-latency data distribution to intelligently route crucial data elements across multiple applications, enabling improved and timely decision making. The advanced data fabric complements Intel's technology portfolio, created to enhance the performance, manageability and efficiency of systems. GIFS offers financial organizations a comprehensive solution to address diverse needs at all levels of an organization.
GIFS is a scalable solution that is targeted for large scale clusters and grids, providing improved throughput, exceptional performance and enhanced system management capabilities for mission-critical environments such as trading, market-data and risk computation infrastructures. This product, services and technology collaboration supplies a powerful and unique solution that delivers a significant data and hardware platform advantage with measurable performance tuning and monitoring benefits.
"Intel is committed to introducing and driving innovative, advanced technology to the market enabling organizations to efficiently analyze huge volumes of data in shorter periods of time," said Eric Doyle, director, Financial Services, Intel Corporation. "Our enhanced hardware offerings such as 64-bit computing and Intel's I/O Acceleration Technology (I/O AT) augment the sophisticated data infrastructure solution in GemFire."
The GIFS solution delivers a number of capabilities to financial organizations, including:
- Low-latency management of large data volumes on a 64-bit and multi-core processor platform
- High speed data distribution layered on I/O Acceleration Technology
- Sophisticated high availability models and system management framework
- Tool-set for optimizing performance in native environments
- Collaboration and explicitly mapped Intel and GemStone technologies
"GIFS represents the first step in what we anticipate to be a long-term collaborative relationship with Intel," said Juan Menendez, SVP of business development, GemStone Systems. "By combining the high-speed data distribution and access provided by GemFire EDF with Intel's best-in-breed hardware offerings, we can deliver a solution that enables customers to compete and operate more effectively. The power and flexibility of GIFS ensures its applicability across numerous functions in front, middle and back offices, delivering a comprehensive solution that will benefit any customer moving to implement an Intel based trading solution."
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