LONDON â 09 August 2005 â DataSynapse, Inc., the fastest-growing provider of grid computing solutions for the virtual enterprise, today announced it has closed more business in the first half of 2005 than its successful 2004 fiscal year, putting the company on pace to more than double its annual revenue for the fifth consecutive year. DataSynapseâs year-to-date success has been driven by major customer wins in Europe and the US; entry into new markets including utility and media; the next-generation release of its award-winning software, GridServerÂ® Virtual Enterprise Edition; and the expansion of its partner ecosystem and worldwide presence.
Driving the adoption of grid computing solutions by global institutions, the company added eight new client wins in the first half of 2005, four of which are from Europe, bringing its total number of enterprise customers to more than three dozen companies headquartered throughout the world. These included a major Canadian utility and a leading European media conglomerate.
In Europe, DataSynapse has achieved impressive growth figures and looks set to more than double its 2004 revenues. The firmâs European client base now includes two of the top three UK banks, two major Swiss banks, one major Dutch bank, three of the top four French capital markets trading operations, three of the top four German banks, and two of the top Italian banks.
To better address its global customer base, DataSynapse opened new offices in Frankfurt and Milan, joining the already established European operations in London and Paris. Through establishing strong customer relationships in Germany, Switzerland and Austria, DataSynapse plans significant expansion to its Frankfurt office which will become a full service operation. Based on a number of key client engagements, DataSynapse also plans to establish operations in Spain and to announce its presence in Tokyo by year-end.
"DataSynapse continues to lead the worldwide grid community with increased enterprise adoption of our GridServer software and a renewed commitment to industry standards," said Willy Ross, managing director of Europe, Middle East and Africa (EMEA). "The successes achieved in the first half of 2005 are a testament to the tangible business value our clients derive from a more agile and responsive IT infrastructure and demonstrates the growing commercial demand for grid technology."
Attracting a variety of independent software vendors, systems integrators and complementary reseller relationships, the first half of 2005 saw a tremendous amount of partner activity and success. Partner-related sales contributed to more than one-third of the companyâs total business in the first half. DataSynapse announced strategic partnerships with Milliman USA, Summit Systems, HP, Tata Consultancy Services, Novell and Calypso Technology Inc. Further partnerships were established in EMEA including, relationships with systems integrators such as Evolution in the UK, Aneo in France, Edge4 in Germany and TTP in Italy.
The introduction of GridServer Virtual Enterprise Edition in February brought to market a standards-based and highly scalable virtual processing environment that enables the broadest set of enterprise applications to execute on a shared computing infrastructure. Supporting batch, object, event-driven and service-oriented application architectures, DataSynapse offers the only grid solution capable of sustaining a variety of application and resource types in a transactional grid environment.
The company continues to take a leadership role in helping to establish grid technology tools and standards to accelerate the deployment of grids in the enterprise. As a founding member of the Enterprise Grid Alliance in April 2004, Peter Lee, co-founder and CEO of DataSynapse, extends his role joining the groupâs Board of Directors in 2005. As an elected member of the Board, DataSynapse will work with other industry leaders including EMC, Fujitsu Siemens Computers, HP, Intel, NEC, Network Appliance, Oracle and Sun Microsystems to develop and promote enterprise grid solutions.
DataSynapseâs strength in the marketplace has been recognised by leading publications and respected industry visionaries. For the second consecutive year the company was honoured with a 2005 IBM PartnerWorld Beacon Award in the "On Demand Innovative Solution" category for its ability to address the growing business need for real-time processing solutions that significantly reduce costs, as well as the KPMG AlwaysOn (AO) 100 Top Private Companies award for 2005 for innovation and demonstrated leadership. DataSynapse was also selected as one of the Red Herring 100 Private Companies of North America for its innovative technology and outstanding business achievements.