The companies have been working together since April this year with the partnership formally confirmed in June. Under the terms of the partnership, ELCA will engage at senior levels with its customers to introduce DataSynapse and its solutions, GridServer(r) and FabricServer(tm). GridServer is application service virtualisation software that virtualises distributed application services across a heterogeneous resource environment. FabricServer virtualises application platforms across a shared infrastructure, adaptively provisioning applications at runtime based on business policy and demand.
DataSynapse has established itself as the leading provider of application virtualisation software in the financial services sector. By combining DataSynapse's financial expertise and ELCA's in-depth knowledge of the Swiss financial market, Swiss clients will have access to a proven virtualisation solution that reduces the cost and complexity of IT infrastructure while promoting faster delivery of value to the business. The partnership will also target organisations outside of Switzerland's traditional banking and insurance sectors.
"Across our client base we are seeing a tremendous demand for performance increases that traditional hardware and IT architecture simply cannot deal with," said Christian Hunziker, Marketing & Sales Director at ELCA. "Our partnership with DataSynapse underlines our leading-edge knowledge and expertise in software and integration and we look forward to bringing this expertise to joint clients and creating a virtualisation technology centre of excellence in this market."
For financial services firms, such as retail and private banks, insurers and asset managers, and for a growing number of companies operating outside of financial services, application virtualisation is enabling faster completion of data and compute-intensive applications more thoroughly and accurately, or in more quantity. As volumes and complexity of traded products increase, existing IT solutions are unable to perform risk calculations in the required timeframes with financial institutions demanding faster access to risk results to allow this information to be reflected in pricing decisions.
"As a significant global banking centre, Switzerland is a key target for us, and ELCA's considerable domain expertise is enabling us to gain immediate traction in this market," said Helga Kaminski, DataSynapse's Regional Director for Central Europe. "Our clients recognise that improving the performance of their existing operations boosts service levels and efficiency but also cite numerous examples of cost savings - in the form of reduced operating costs, lower capital costs and ongoing cost avoidance. Application virtualisation represents a unique opportunity to impact each of these areas simultaneously and in short time windows that make projects both attractive and compelling."
DataSynapse and ELCA are promoting their partnership at a joint event to be held on 20 September at Credit Suisse Forum St. Peter, St. Peterstrasse 19 in Zurich. Aimed at Swiss IT architects, securities and risk executives from the banking and insurance sectors, the event will focus on financial applications and the increasing need for compute resource, with speakers from ELCA, DataSynapse, and Quantis Informatik, a Swiss IT company. The event will also feature a case study presentation by the Swiss Federal Institute of Technology (ETH) in Zurich focusing on application virtualisation at Swiss Re, one of the world's leading and most diversified reinsurers. For further event information, contact Helga Kaminski or Christian Hunziker.