18 December 2017
visit www.avoka.com

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

28 April 2004  |  5061 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  |  5616 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  |  3285 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  |  5248 views  |  0 comments
Abbey National Treasury Services licenses Algorithmics' Algo Collateral

Abbey National Treasury Services licenses Algorithmics' Algo Collateral

05 December 2003  |  4946 views  |  0 comments
Commerzbank implements Algo Collateral

Commerzbank implements Algo Collateral

04 December 2003  |  6137 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  |  4114 views  |  0 comments
DataSynapse partners with PCIB to tap German Grid market

DataSynapse partners with PCIB to tap German Grid market

29 July 2003  |  3670 views  |  0 comments
DataSynapse reports Grid win at US mortgage bank

DataSynapse reports Grid win at US mortgage bank

17 June 2003  |  3648 views  |  0 comments
DataSynapse Grid-enables IBM zSeries mainframe

DataSynapse Grid-enables IBM zSeries mainframe

22 April 2003  |  4293 views  |  0 comments
Algorithmics partners DataSynapse for Linux-based risk management

Algorithmics partners DataSynapse for Linux-based risk management

22 November 2002  |  3990 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comvisit www.atos.netvisit www.aciworldwide.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
11138 views comments | 3 tweets | 2 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
9704 views comments | 20 tweets | 21 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7679 views comments | 19 tweets | 22 linkedin
Nordea takes Open APIs into live productionNordea takes Open APIs into live productio...
7258 views comments | 6 tweets | 26 linkedin
Digital banking startup Loot secures £2.2 million seed roundDigital banking startup Loot secures £...
7179 views comments | 5 tweets | 11 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job