DataSynapse, Inc., the fastest-growing provider of grid computing solutions for the virtual enterprise, today announced it has closed more business in the first half of 2005 than its successful 2004 fiscal year, putting the company on pace to more than double its annual revenue for the fifth consecutive year.
DataSynapse's year-to-date success has been driven by major customer wins at home and abroad; entry into new markets including utility and media; the next-generation release of its award-winning software, GridServer Virtual Enterprise Edition; and the expansion of its partner ecosystem and worldwide presence.
Driving the adoption of grid computing solutions by global institutions, the company added eight new client wins in the first half of 2005, bringing its total number of enterprise customers to more than three dozen companies headquartered throughout the world. These included a major Canadian utility and a leading European media conglomerate.
To better address its global customer base, DataSynapse opened new offices in Frankfurt and Milan, joining the already established European operations in London and Paris. The company plans to announce its presence in Tokyo by year end.
"DataSynapse continues to lead the worldwide grid community with increased enterprise adoption of our GridServer software and a renewed commitment to industry standards," said Peter Y. Lee, co-founder and CEO of DataSynapse. "The successes achieved in the first half of 2005 are a testament to the tangible business value our clients derive from a more agile and responsive IT infrastructure and demonstrates the growing commercial demand for grid technology."
Attracting a variety of independent software vendors, systems integrators and complementary reseller relationships, the first half of 2005 saw a tremendous amount of partner activity and success. Partner-related sales contributed to more than one-third of the company's total business in the first half. DataSynapse announced strategic partnerships with Milliman USA, Summit Systems, HP, Tata Consultancy Services, Novell and Calypso Technology Inc.
The introduction of GridServer Virtual Enterprise Edition in February brought to market a standards-based and highly scalable virtual processing environment that enables the broadest set of enterprise applications to execute on a shared computing infrastructure. Supporting batch, object, event-driven and service-oriented application architectures, DataSynapse offers the only grid solution capable of sustaining a variety of application and resource types in a transactional grid environment.
The company continues to take a leadership role in helping to establish grid technology tools and standards to accelerate the deployment of grids in the enterprise. As a founding member of the Enterprise Grid Alliance in April 2004, Peter Lee extends his role joining the group's Board of Directors in 2005. As an elected member of the Board, DataSynapse will work with other industry leaders including EMC, Fujitsu Siemens Computers, HP, Intel, NEC, Network Appliance, Oracle and Sun Microsystems to develop and promote enterprise grid solutions.