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NET2S and ASPEED Partner to Offer Grid Computing Solutions to the Capital Markets

Solutions allow financial institutions to achieve cost efficiencies and boost performance

LONDON (May 17, 2006) — NET2S, a leading international consultancy specializing in capital markets technology and US-based ASPEED™, the global leader in application acceleration, today announced a partnership designed to bring grid computing solutions to financial institutions in Europe. By leveraging ASPEED’s ACCELLERANT™ software, NET2S will be able to offer its European customers technology to optimize business-critical applications and create efficiencies in-house.

Financial institutions are facing increasing demands to drive down costs while strains are put on existing infrastructures to meet the growing globalization and sophisticated trading techniques of the market. ASPEED’s ACCELLERANT is used by financial services, pharmaceutical and other organizations that rely on complex applications, to significantly reduce their elapsed times, handle exponentially higher volumes and deliver more fine-grained analysis for higher precision, by leveraging new multi-CPU, cluster and grid configurations.

“Business demands are driving many of our clients to capitalize on sophisticated techniques such as algorithmic trading, real-time pricing and Monte-Carlo simulations; IT infrastructures must be able to support this activity,” said Paw Andersen, operations director of NET2S. “We are delighted to be working with ASPEED, to bring their solutions to clients in Europe, and assist buy- and sell-side firms in optimizing their current systems through grid computing.”

“The financial sector is continually searching for powerful solutions to maximize existing systems in a bid to remain competitive. By applying ASPEED's grid computing software, we help companies distribute processes across available global system resources on demand,” said Greg Ammirati, vice-president, worldwide field operations for ASPEED. “Our partnership with NET2S promises to eliminate the application barriers and help European customers achieve cost-savings and boost performance without re-writing existing complex applications.”