20 August 2017
Find out more

Algorithmics teams with DataSynapse for grid-enabled version of Algo Suite

28 April 2004  |  4971 views  |  0 Algorithmics teams with DataSynapse for grid-enabled version of Algo Suite

Toronto-based risk software vendor Algorithmics is to incorporate DataSynapse's GridServer application infrastructure software with the Linux version of its Algo Suite 4.4.

The companies have signed an OEM agreement, which also outlines details concerning front line support, joint sales and marketing activities, as well as joint technical collaboration for the Linux and grid computing system in the coming months.

The firms say that in combination, Algo Suite 4.4 on Data Synapse GridServer allows users to split modelling tasks across multiple machines and provide an upgrade path to lower-cost Intel-based Linux deployment.

Frank Cicio, chief marketing and strategy officer, DataSynapse, says: "As financial institutions seek to radically reduce costs while simultaneously improving business performance, we believe the grid-enabled version of Algo Suite will deliver substantial benefits."

Algorithmics says it has already piloted the grid-enabled system with various clients.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Algorithmics wins new funding as Dembo steps down from helm

Algorithmics wins new funding as Dembo steps down from helm

02 March 2004  |  5541 views  |  0 comments
Brazilian clearing house CBLC upgrades to Algo Market 4.4

Brazilian clearing house CBLC upgrades to Algo Market 4.4

27 February 2004  |  3224 views  |  0 comments
PKO Bank Polski selects Algorithmics for market and credit risk management

PKO Bank Polski selects Algorithmics for market and credit risk management

16 December 2003  |  5190 views  |  0 comments
Abbey National Treasury Services licenses Algorithmics' Algo Collateral

Abbey National Treasury Services licenses Algorithmics' Algo Collateral

05 December 2003  |  4889 views  |  0 comments
Commerzbank implements Algo Collateral

Commerzbank implements Algo Collateral

04 December 2003  |  6067 views  |  0 comments
Algorithmics adds Basel II functions and Linux support to Algo Suite

Algorithmics adds Basel II functions and Linux support to Algo Suite

16 October 2003  |  4048 views  |  0 comments
DataSynapse partners with PCIB to tap German Grid market

DataSynapse partners with PCIB to tap German Grid market

29 July 2003  |  3609 views  |  0 comments
DataSynapse reports Grid win at US mortgage bank

DataSynapse reports Grid win at US mortgage bank

17 June 2003  |  3607 views  |  0 comments
DataSynapse Grid-enables IBM zSeries mainframe

DataSynapse Grid-enables IBM zSeries mainframe

22 April 2003  |  4234 views  |  0 comments
Algorithmics partners DataSynapse for Linux-based risk management

Algorithmics partners DataSynapse for Linux-based risk management

22 November 2002  |  3935 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
download the paper nowvisit www.worldpaymentsreport.comvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9152 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7903 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7356 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
6657 views 0 | 1 tweets | 1 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6516 views 1 | 5 tweets | 3 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job