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GigaSpaces to Provide Solutions for Distributed, Financial Services Applications with HP

Addressing New Demands on Financial Applications: Performance, Linear-Scalability, Continuous Availability on Cost-Effective Hardware

New York, NY June 21, 2006 - Gigaspaces Technologies, a provider of new generation infrastructure software solutions, today announced the qualification of Gigaspaces Enterprise and Caching Editions on HP ProLiant and HP BladeSystem servers designed to drive transaction speed, end-to-end scalability and uptime for joint financial services and securities industries customers.

As capital markets continue to evolve in their transaction and analytic processing, financial services firms must strive for cost effective, financial applications run over commodity hardware, such as x86 architectures running Linux. Designed for today's open environments, GigaSpaces enables business applications with high and volatile transaction volumes unlimited on-demand scalability and extreme performance across low-cost, open platforms, such as blade racks and Linux servers.

Anne Ambrose, HP WW Director Financial Services, states: “Customers who are looking to launch low-latency, distributed systems, require an entire solution. We look forward to working with GigaSpaces to offer HP ProLiant and HP BladeSystem servers in concert with Gigaspaces’ middleware software designed for scaleable performance and resiliency.”

Gigaspaces provides innovative, high-performance application infrastructure that delivers end-to-end scalability of high-volume transactional applications, as the business grows. Over a single platform it fixes both processing and data bottlenecks at the same time, without the overhead and complexity inherent in traditional tier-based environments. In addition to meeting all performance and scalability requirements, Gigaspaces automatic system monitoring and management capability ensures system availability and system performance, while eliminating the need to implement, integrate and manage multiple middleware components. This dramatically reduces up front application costs, as well as the ongoing costs associated with maintenance and support of multiple vendor applications.

“Applications are only as fast and scalable as the weakest layer of their stack,” said Geva Perry, executive vice president of business development at GigaSpaces. “HP is continuously innovating with better hardware offerings that provide extreme low-latency, high reliability and a scalable and open architecture. Our joint offering with them will provide customers with solutions that address the entire stack – bottom to top.”