--Leading Financial Services Companies to Benefit from Advanced Capabilities for Computationally Intensive Portfolio Calculations and
NEW YORK and LONDON - 6 February 2006 - DataSynapse, Inc., the global provider of virtual application infrastructure software, and QuIC Financial Technologies Inc., a leading innovator in enterprise-wide risk management and financial analytics solutions, today announced a collaborative partnership integrating DataSynapse GridServer(r) with the QuIC Product Suite. The combined offering brings together the benefits of a multi-dimensional calculation engine integrated with a highly scalable IT infrastructure to leading financial services firms looking to speed up complex portfolio pricing, analytics and simulation-based applications.
The integrated solution enables customers to seamlessly virtualise QuIC Product Suite applications, maximising resource availability for trading and risk calculations, even during peaks in compute demand. It allows a substantial increase in the number of calculations processed, while compute response times are dramatically reduced - key benefits for an industry where billions of dollars are at stake daily.
"DataSynapse is a proven leader in virtual application infrastructure software especially among financial services companies, which most value the QuIC Product Suite," said Justin Forrest, vice president of business development at QuIC. "This partnership will allow us to continue to offer our customers the unparalleled benefit, performance and ROI that is associated with our solutions."
The joint solution is targeted at front and middle office applications, where GridServer's dynamic brokering and distribution capabilities will adaptively provision workloads. This enables the QuIC powerful vector engine to increase dimensionality of portfolios and simulation parameters, resulting in higher accuracy and response times. The combined offering has a direct impact on an organisation's ability to increase profitability and measure performance whether being applied to model complexity, trading instrument structure or accuracy of portfolio simulation.
"Out-of-the box integration with QuIC can help clients to drive business goals and generate revenue faster," said Peter Lee, CEO of DataSynapse.
"We strive to continue providing our customers with integrated solutions that increase return and improve performance."