Digipede and Zeliade Systems Team Up to Deliver High-Performance Financial Applications

Oakland, CA and Paris, France - 20 November 2007

Digipede Technologies, the leading provider of distributed computing solutions for the Microsoft Windows platform, and Zeliade Systems, provider of state-of-the-art financial software and services, today announced that Zeliade will grid-enable their applications using the Digipede Network, and deliver the Digipede Network for their financial services customers. Zeliade Systems team will use the Digipede Network to dramatically increase the speed and throughput of complex calculations required to calibrate, price and hedge financial derivatives at the book level.

“Our clients in capital markets and insurance have stringent requirements, most notably in pricing and assessing risks of books of financial derivatives throughout the trading day,” said Luc Hautemanière, Head of Business Development at Zeliade Systems. “Our single CPU analytics are already among the fastest and more reliable, most notably due to Zeliade Systems outstanding algorithmic skills. The combination with the Digipede network brings to our clients almost real-time risk analysis even on markets where the computational burden is huge. The Digipede Network provides a wonderful experience; it has been quite straightforward to adapt our analytics to make use of grid resources, and our customers will see large performance gains. As our customers continue to create more compute-intensive models, Zeliade and Digipede provide them with greater scalability and performance. The combination of cost-effectiveness, reliability, and ease of deployment is really impressive.”

Hautemanière continues, “We looked at a number of possible methods to deliver greater computational power in our applications – other grid vendors, open source projects, and internal development of a distributed computing framework. In the end, Digipede was clearly the best decision for us; we can focus on our own core capabilities in computational finance, while taking advantage of Digipede’s powerful framework. We have already started to implement the Digipede Network for several of our European customers.”

Digipede Technologies CEO John Powers adds, "Working with innovators like Zeliade Systems brings significant value to our mutual customers. By combining state-of-the-art financial software products and services available from Zeliade Systems with the scalability of the Digipede Network, asset managers and insurance companies can deploy high-performance applications more easily than ever before. Zeliade brings a rare combination of deep expertise in computational finance, IT, and application development. We are pleased to partner with them for important engagements in financial services throughout Europe.”

“Microsoft’s partners are building incredible solutions on these new technologies,” said Allison Watson, corporate vice president, Worldwide Partner Group, Microsoft. "Our partners are the critical link to delivering customer value and solving complex industry, research and core business challenges. By working closely with partners like Digipede and Zeliade, we are transforming the way people work and delivering on the promise of People Ready software."

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