DataSynapse, the fastest-growing provider of adaptive grid infrastructure solutions, today announced that it has entered into a collaboration agreement with Murex, a leading provider of cross-asset trading, risk management and processing solutions, to accelerate the deployment of advanced grid infrastructure to Murex's customer base.
Common customers will benefit from virtualisation technology that is able to aggregate IT resources based on business needs, breaking down IT silos and increasing utilisation of existing hardware to reduce IT spend.
Maroun Eddé, managing partner at Murex, said: "Our clients active in the risk management of complex financial products have long been facing calculation speed and cost issues. Building a plug-and-play connector to DataSynapse, a leading specialist in the grid technology area applied to financial markets, is an essential step towards helping our clients address a complex infrastructure issue."
The two companies are currently working with several European banks for which GridServer will manage Murex workload execution and respond to changing business requirements in real time, satisfying the unpredictable demand for computer processing power.
Rick Moran, DataSynapse SVP of business development, said, "DataSynapse continues to partner with leading players in the financial services industry. Now with Murex, we have built an integrated, out-of-the-box grid solution with another high quality application partner. GridServer assures maximum performance and reliability of business-critical applications and makes it easy for customers to manage distributed environments."