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Barrie & Hibbert teams with DataSynapse

02 June 2009  |  1691 views  |  0 Source: Barrie & Hibbert

With their Head Office in Edinburgh, Barrie & Hibbert, a global leader in modelling financial market risk, has announced the integration of their Insurance Economic Scenario Generator Modelling Suite (iESG) with DataSynapse GridServer software for greatly increased scalability and performance to deliver reduced execution times of the modelling suite.

By grid enabling its advanced stochastic asset modelling tools, Barrie & Hibbert offers its clients the ability to complete complex analyses much more quickly.

"Our customers demand performance," said John Hibbert, director & co founder of Barrie & Hibbert. "Financial services products have become increasingly complex, placing greater demands on our stochastic models in terms of both raw computation and data handling. By listening to the requirements of our clients, we recognised the need to provide grid computing solutions."

John Hibbert continues, "The grid enablement of our application with DataSynapse GridServer software has greatly exceeded our expectations. Our sophisticated stochastic modelling algorithms grid enabled are distributed across many machines within an enterprise and run simultaneously - resulting in vast increases in throughput."

New York based DataSynapse President and Co-Founder, Jamie Bernardin, adds "We're pleased to be working with a market-leading independent software vendor like Barrie & Hibbert. Clients can now leverage their existing DataSynapse grid to run Barrie & Hibbert's world class ESG software, delivering the benefits of maximum performance and simplified grid management in a highly cost effective manner."

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