GigaSpaces and Gresham

26 May 2011

GigaSpaces and Gresham Computing Tighten Control of Transaction and Cash Processes

Gresham to use GigaSpaces eXtreme Application Platform as Infrastructure for Transaction and Cash Management Solutions

New York & London, May 26, 2011 – GigaSpaces Technologies, a leading provider of a new generation of virtualized application platforms delivering end-to-end scalability, announces that Gresham Computing will be using GigaSpaces eXtreme Application Platform (XAP) as the infrastructure for its transaction and cash management solutions.

“We needed a technology that would not only support the unique scaling and reliability needs of high-speed, transaction based, processes, but it also had to be market-proven,” says Neil Vernon, Development Director at Gresham Computing. “Because companies like Morgan Stanley and the NYSE already depend on GigaSpaces, our customers are instantly comfortable with the technology.”

GigaSpaces XAP is an end-to-end virtualized application platform that brings together an in-memory data grid, application processing and messaging services, providing extreme performance, dynamic linear scalability, and high availability. XAP can manage terabytes of data with millisecond latency while maximizing hardware resources.

Gresham solutions reduce control failure risk and optimize business performance,, providing certainty through greater transparency and reduced transaction risk in customers’ operations. Gresham prefers to focus on building business value for its customers with its business logic; XAP will be the underlying infrastructure, ensuring continuous scaling on demand by handling transactions that fluctuate from 1million to 100 million on a daily basis while reinforcing the process controls via SLAs as determined by Gresham.

“GigaSpaces’ expertise ensures that Gresham’s customers benefit from the experience of both organizations in serving financial services companies,” says Adi Paz, Executive Vice President of Marketing and Business Development. “Not only will we be providing the technology, but we can also provide advice with regard to their customers’ needs.”

About GigaSpaces

GigaSpaces Technologies is a leading provider of a new generation of virtualized application platforms. Our flagship product, eXtreme Application Platform (XAP), delivers end-to-end scalability across the entire stack, from the data all the way to the application. XAP is the only product that provides a complete in-memory solution on a single platform, enabling high-speed processing of extreme transactional loads, while scaling to meet any requirement – dynamically and linearly. XAP was designed from the ground up to support any cloud environment – private, public, or hybrid – and offers a pain-free, evolutionary path from today’s data center to the technologies of tomorrow.

More than 350 organizations worldwide are leveraging XAP to enhance IT efficiency and performance. Among our customers are Fortune Global 500 companies, including top financial services enterprises, telecom carriers, online gaming providers, and e-commerce companies, such as Dow Jones, NYSE, Société Générale, Virgin Mobile, and Sears.

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