Platform Computing Advances Lead with Launch of Platform Symphony 5

Thu Oct 15, 2009 5:00am EDT

* Reuters is not responsible for the content in this press release.

Industry's Fastest, Most Scalable SOA Grid Solution Eliminates Data Access
Bottlenecks





LONDON, Oct. 15 /PRNewswire/ -- Waters Power Europe -- Platform Computing, the
leader in cluster, grid and cloud management software, today announced the
launch of Platform Symphony 5, a new version of its service-oriented
architecture (SOA) grid solution for high performance computing (HPC)
environments. Representing a leap forward in performance over previous
versions, Platform Symphony 5 helps financial services organizations eliminate
data access bottlenecks while squeezing even more performance out of their
existing infrastructure.  Beating the benchmark set earlier this year with
version 4.1, Platform has furthered its performance lead over the competition
at a time when financial markets demand faster results from risk and pricing
applications.


Platform Symphony 5 lowers the latency caused by large data sets, by
intelligently placing workloads on systems that are physically close to the
required data. In addition, version 5 makes the most of multi-core servers -
whether applications are multi-threaded or not. As the only grid solution
built on top of a shared utility platform, Platform Symphony delivers
enterprise class resource sharing, availability, security and scale. Widely
deployed within the financial services sector, Platform Symphony enables
real-time pricing, value-at-risk and Monte Carlo simulations to better manage
risk. Today, Platform Symphony is crucial to the operations of two of the
three largest U.S. banks as well as a number of top European and Japanese
financial institutions. 


"Our research has found that eliminating data access bottlenecks is the
highest priority for our customers. This has been the focus of our development
efforts and is the centerpiece of this important release of Platform
Symphony," said David Warm, CTO, Financial Services Business Unit, Platform
Computing.  "Symphony 5 continues to set the industry standard for performance
and scale by improving the efficiency of applications in multi-core
environments at the lowest possible cost."


The grid computing market has shifted in recent months, introducing risk for
some financial services institutions. A key vendor in the marketplace was
recently acquired for its technology at a time when grid technology has become
mission critical for many banks. As a result, Platform has seen a recent surge
of interest from organizations currently using competing grid solutions.


"The advances we're making in Symphony benefit not only our existing
customers, they're appealing to other companies in the marketplace looking for
alternatives to improve their existing infrastructure solutions," said Jim
Mancuso, General Manager, Financial Services Business Unit, Platform
Computing. "Platform continues to invest in our products with the long term
needs of financial services companies in mind."


"Platform has customer data showing that Symphony can push utilization up from
20 to 80 percent and reduce cost per hour across 20+ intra and end-of-day
pricing and risk management applications," said William Fellows, Principal
Analyst, The 451 Group. "Emulating this successful utility model and applying
it more broadly not only makes sense, it's downright prudent. Platform
Symphony 5 eases the process of federating and extending grids to support
other user constituencies, services and workloads - subsequently offering a
wider benefit across the organization."


Also announced today with version 5 were two add-on products designed to more
easily extend Platform Symphony as compute requirements evolve. The add-on
products for Platform Symphony 5 include: 


Data Affinity for Platform Symphony - Allows Platform Symphony to
intelligently schedule application tasks by taking into account data locality
in order to place workload in the most optimal and cost efficient way


Dynamic Service for Platform Symphony - Designed to optimize utilization
within a single blade and reduce memory contention for data I/O intensive
applications by sending only one set of data, enabling Platform Symphony to
scale up and out seamlessly in mixed environments with old (2-core) and new
(multi-core) hardware


Availability, Etc.
Platform Symphony 5 debuts today at the Waters Power Europe conference being
held at De Vere Canary Wharf conference center in London and will be made
generally available in November 2009. To view a demonstration of Platform
Symphony 5 and learn more about Platform's solutions for the financial
services sector, please visit the Platform table in the vendor's showcase or
online at www.platform.com.


About Platform Computing
Platform Computing is the leader in cluster, grid and cloud management
software - serving more than 2,000 of the world's most demanding
organizations. For 17 years, our workload and resource management solutions
have delivered IT responsiveness and lower costs for enterprise and HPC
applications. Platform has strategic relationships with Cray, Dell, HP, IBM,
Intel, Microsoft, Red Hat, and SAS. Visit www.platform.com.


SOURCE  Platform Computing

North America: Carolina Grimm, Bateman Group, +1-415-503-1880 ext. 16,
platform@bateman-group.com; Europe: Stuart Wragg, Hotwire, +44 (0) 20 7608
4672, platform@hotwirepr.com; Asia Pacific: Lorraine Sutton, Platform
Computing, +1-905-948-4247, lorraine@platform.com
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