Lehman Brothers Receives 2006 American Financial Technology ‘Best Infrastructure Initiative’ Award

New York, NY - 14 December 2006

The American Financial Technology Awards (AFTAs), the premier information technology and innovation awards program for the financial sector, announced Lehman’s use of Platform Computing’s Symphony 3 software as the winner for the 2006 Best Infrastructure Initiative award. Symphony 3 is enterprise grid software that allows users to build, test, grid-enable and manage large-scale distributed applications, such as credit risk calculations and mortgages trading, on a shared IT infrastructure with thousands of servers.

Lehman and Platform were selected by a panel of industry CIOs from entries submitted by some of the leading financial institutions from around the world. These awards showcase top class performance and innovation, reward achievement and raise the standards in the industry.

“Platform’s orchestration of massive computing resources at Lehman is a testament to the power and growing value of grid computing in the Financial Services market,” said Songnian Zhou, CEO of Platform Computing. “Winning the American Financial Technology 2006 Best Infrastructure Initiative award with Lehman is recognition of our commitment to developing leading edge technology for our customers.”

“With Platform Symphony, we are enabling the sharing of both hardware and services within the company at a much higher level,” said Thanos Mitsolides, Senior Vice President, Fixed Income Technology, Lehman Brothers. “Our grid initiative enables us to grow our business, and because of this, we are already looking at ways to expand our grid initiative into additional areas of the business.”

The American Financial Technology Awards, now in their second year, are unique in providing a showcase for examples of innovative business excellence. The awards’ success last year has generated an even stronger competition and a greater number of high-level finalists.

“The judging panel and I have a strong commitment to financial technology and wish to give the highest honors to those making significant developments in the field,” said Phil Albinus, Editor, Waters Magazine. “The high caliber of the nominated initiatives is evidence of the close collaboration of IT vendors and their customers with their progressive approach to the market.”

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