Based on Platform Symphony, the world's leading SOA grid middleware, Excelian's service offering enables Financial Services customers to securely and seamlessly scale compute capabilities for risk and trading analytics without the cost and time required to acquire servers, network bandwidth or administrative staff.

With years of combined experience in the Financial Services markets, Excelian and Platform Computing have built a high performance, multi-purpose, computational grid infrastructure to enable on-demand, 24x7 analytical calculations for banks and funds of all sizes. The Excelian offering is particularly suited for running market and credit risk analytics, scenario simulation and strategy back-testing, and asset and portfolio pricing and modeling.

For firms with datacentres operating at their space or power limits, the Excelian service is a cost-effective way to increase analytical capacity without incurring extra capital and operating expenses. Platform Symphony's scheduling and workload management software provides Excelian customers with the correct amount of hardware resources when needed with a guaranteed service level at a lower cost than other service providers. As a result, Excelian customers do not over - or under -spend on servers, and are not constrained by their datacentre's power and space limits to obtain additional HPC capabilities.

Charles Jarvis, Vice President Financial Services EMEA, Platform Computing, said: "In times of heightened budget consciousness, IT managers need solutions that provide more compute capabilities without increasing capital expenditure. This partnership between two companies who have a long and established history delivering grid and HPC services is fantastic news for Financial Services customers. It means they can focus on building competitive features for their business without worrying about their infrastructure capabilities. As importantly, the Excelian service provides clients the latest infrastructure technology on a CPU/hour basis, which means customers can move from a fixed to variable cost model, effectively lowering their capital expenditure."

Adam Vile, Head of Grid, HPC and Technical Consulting, Excelian, added: "Excelian selected Platform Symphony as the foundation for its analytics as a service offering as we needed an extremely scalable compute platform to meet our clients' diverse compute requirements. We recognized that Platform Symphony has been acknowledged as the industry's most scalable and fastest grid system, taking less than 1 millisecond to orchestrate and dispatch a job. For organizations that require fast risk management, portfolio modeling, and other data analysis, Platform Symphony is the right solution."