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Murex Integrates Platform Symphony grid computing solution

TORONTO, ON – December 20, 2005 –Platform Computing, the world’s largest grid computing software provider, and Murex, a leading provider of cross-asset trading, risk management and processing solutions, today announced a technology partnership that will allow common customers to significantly improve the efficiency of complex risk calculation models. Through the integration of Platform Symphony, Murex will be able to offer customers broad compatibility for grid environments, lowering latency and overhead, while increasing overall efficiency in pricing calculation restitution. The announcement marks a collaboration agreement between two leaders in their respective space, combining to offer a best-of-breed of grid computing solution for the financial services market.

"Platform’s grid system provides common customers the ability to better run their complex valuation and risk management models, by providing the underlying foundation needed to create a scalable IT infrastructure that promotes the efficient use of all resources," said Maroun Eddé, Managing Partner of Murex.

Chris Purpura, vice president of new ventures and alliances at Platform Computing added, "We share a number of customers with Murex and look forward to enabling those customers to improve performance of their pricing systems. This relationship also introduces us to many new companies around the world that would benefit from the power of grid computing technology."