DataSynapse doubles revenues
18 January 2006 | 1684 views | 0
For the fifth consecutive year, DataSynapse, Inc., the global provider of virtual application infrastructure software, has more than doubled its annual revenues, finishing the year with more than €20 million in sales.
According to Gartner Inc.' s 2006 Top 10 Strategic Technologies list, virtualisation, grid computing and service-oriented business applications are the technologies most likely to gain widespread adoption in the coming year. DataSynapse's market leadership confirms industry forecasts for growth in emerging virtualisation technologies.
Driving the commercial implementation of application virtualisation in 2005, DataSynapse's client roster increased by 60 percent, with high profile wins in Europe and North America that solidified its position as the dominant provider of grid in the global financial services sector. New clients such as Powerex, Telefónica and one of the world's largest logistics companies helped to drive the total number of enterprise customers to more than 50.
"2005 brought major milestones for DataSynapse. We exceeded our business objectives on every front," said Peter Y. Lee, co-founder and CEO of DataSynapse. "DataSynapse continued to dominate the financial services industry while also supporting the successful entry into new markets, including logistics, media, telco and utilities."
In addition to record-breaking revenues, the company introduced a new infrastructure software product, FabricServer, in October 2005. FabricServer virtualises J2EE applications to run in a shared grid environment, enabling policy-based automation and provisioning of transactional applications running on BEA, JBoss, Oracle, Tomcat, and other application servers.
DataSynapse also began shipping GridServer 4.2 Virtual Enterprise Edition, the newest version of its award-winning application infrastructure software. Key features include enhanced scalability to manage 10,000 CPU, multi-location grids. In addition, new service dependency capabilities make it easy to execute complex workflows. GridServer 4.2 can process thousands of service requests per second – even on small grids – making the software a critical component of enterprise SOA strategy.
Willy Ross, DataSynapse managing director for Europe, Middle East and Africa (EMEA), said, "Many firms are realising the enormous benefits that a virtualised IT infrastructure can bring to the business, including cost control, application performance or higher service levels. With our GridServer and FabricServer product suites, we are well placed to sustain our strong performance as we develop into new industry sectors."
Other notable highlights include:
Market momentum contributed to channel growth as well. Attracting a variety of independent software vendors, systems integrators and reseller agreements, DataSynapse announced strategic partnerships in 2005, including Calypso Technology, HP, JBoss, Milliman USA, Murex, Novell, Sophis, Summit Systems, SunGard Energy Systems and Tata Consultancy Services.
DataSynapse responded to intensified market demand by opening new offices in Frankfurt, Milan and South Africa. To support its tremendous growth and maintain superior client service, the company increased global headcount by 40 percent.