Sun opens grid compute utility; powers CDO2's risk simulation service

Source: Sun Microsystems

Sun Microsystems, Inc. (Nasdaq: SUNW) today announced Internet access of its Sun Grid Compute Utility in the United States.

Through a simple to use portal, users โ€” including developers, scientists, and researchers - will now have easy, secure, affordable and flexible access to Sun Grid, the world's first compute utility available at the low price of $1/CPU-hr in the U.S. With low barriers to entry and exit, easy access, and no long-term contracts required, users in diverse industries โ€” including finance, oil and gas, education and life sciences โ€” will now be able to run complex computational tasks, technical applications, and develop applications on Sun Grid.

Separately, Sun Microsystems, Inc., today announced that CDO2, a provider of innovative pricing and risk technology for organizations trading structured credit products, is using the Sun Grid Compute Utility to power robust risk simulation services. CDO2, in conjunction with Markit Group Limited, is using Sun Grid to serve customers in the financial services industry, including the bank Sachsen LB Europe plc. Sun Grid helps customers and partners derive immediate benefits from an open, grid-based computing infrastructure on a pay-per-use utility basis that enables Sun's partners and customers to deploy technical applications, accelerate innovation and speed time to results without having to invest in expensive infrastructure.

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