Monte Paschi Asset Management licenses GigaSpaces middleware technology

Source: GigaSpaces Technologies

GigaSpaces Technologies, a leading provider of infrastructure software that enables on-demand scalability for high-performance transactional applications, announced today that Monte Paschi Asset Management, one of the leading asset management firms in Europe, has selected GigaSpaces' grid-based application platform.

Monte Paschi Asset Management selected GigaSpaces Enterprise Edition product to serve as the underlying middleware for its "Piattaforma Unica" (Unique Platform), the new Enterprise bus that integrates all existing data providers with data consumers.

GigaSpaces' distributed shared memory infrastructure enables Monte Paschi Asset Management's data consumers to write requests and read responses from data providers in milliseconds, as well as notify data consumers of real-time changes to the data. The product's dynamic service deployment capability, the Service Grid, is especially useful in allowing MPS to scale out its application services such that low transaction-latency is guaranteed even under extreme data volumes.

"Dynamically deploying services throughout our network was one of our key requirements, and GigaSpaces Service Grid was the perfect fit for our needs," said Alberto Santini, Head of Development at Monte Paschi Asset Management. "With GigaSpaces, we have no worries of fluctuating loads as we can add or remove resources when needed, while running our applications simultaneously."

"We are pleased that our product was able to meet Monte Paschi Asset Management's tough requirements for supporting high transaction volumes, low-latency and dynamic scalability," said Alan Weisleder, EVP Sales International at GigaSpaces, "We are delighted to have Monte Paschi Asset Management join our rapidly growing customer base in financial services."

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