IBM To Open Cloud Lab For Wall Street Clients

Mon Apr 8, 2013 12:00pm EDT

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

For best results when printing this announcement, please click on the link

KVM Center to help financial firms use virtualization in pursuit of clouds
ARMONK, N.Y.,  April 8, 2013  /PRNewswire/ -- IBM (NYSE:  IBM) today announced
that it plans to open a center of excellence in  New York City  to help
financial services firms adopt open-source virtualization technologies. The KVM
Center of Excellence in  New York  is the second such center established by IBM
in the past five months. The first was opened in December in  Beijing. The
center will help clients, software engineers and business partners to quickly
leverage open-source virtualization to build cloud-computing platforms.  

(Logo:  )

Kernel-based Virtual Machine (KVM) is virtualization software designed for Linux
and Windows. Virtualization is used for server and desktop consolidation and
cloud computing. KVM is an alternative to proprietary virtualization software
and can help companies realize significant cost savings and avoid vendor
lock-in. According to data from IDC, the worldwide virtual-machine software
market was on track to grow to over  $3.6 billion  in 2012, up from  $3.0
billion  the year before, a 19.3% year-over-year growth.(1) KVM is growing at
150% year over year in terms of unit shipments, with over 100,000 servers
already using it worldwide for virtualization.(2)

"Wall Street is at the forefront of the adoption of Linux, and financial clients
are now leading the way on adopting KVM in order to build a flexible computing
infrastructure to meet business demands," said  Jean Staten, director of
cross-Linux strategy at IBM. "As the industry evolves to meet new demands from
customers and regulators, these enterprises will need expertise on how to build
open standards-based clouds."

The new IBM KVM Center of Excellence will offer technical training and hands-on
experience building enterprise KVM solutions. Resources will also be available
to help line-of-business professionals understand the benefits KVM offers. 
KVM-based solutions from IBM, Red Hat, SUSE and other IBM Business Partners will
also be showcased at the Center.   

The KVM Center of Excellence is part of the IBM Wall Street Center of
Excellence, which focuses on low latency and high performance technologies for
financial markets clients.  For more information or to arrange a visit, please
contact the  IBM Wall Street Center of Excellence.

More information on IBM and its work with KVM is available at:

First-hand customer experiences with KVM are available at:

Michael Corrado
IBM External Relations

1) From Worldwide Virtual Machine Software 2012-2016 Forecast, IDC #235379, 
June 2012
2) From IDC Worldwide Quarterly Server Virtualization Tracker,  March 2013


Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.