CTC and GemStone Systems Partner to Provide Grid Computing Capabilities to Financial Institutions in Japan

Beaverton, OR And Tokyo, Japan - 17 March 2008

ITOCHU Techno-Solutions Corporation (CTC: headquartered in Chiyoda-ku, Tokyo, Yoichi Okuda, President & CEO) and GemStone Systems, Inc., the leading provider of the Enterprise Data Fabric, (headquartered in Beaverton, OR, Richard Lamb, President) today announced a partnership to provide a Data Grid Solution for financial computing systems. With this partnership, CTC will market GemStone’s Data Grid software ‘GemFire Enterprise® Data Fabric’ (GemFire EDF®) and related software products on March 18.

Recently, financial institutions have seen an exponential increase of transaction volume in derivative risk calculations, various computational simulations and algorithmic trading for trade automation. High performance computing systems built with grid computing technology are particularly gaining a lot of traction within the financial industry.

Users are not able to improve total performance by distributed computing. For high volume transaction processing, the data infrastructure becomes the bottleneck (disk I/O and network I/O bottleneck).

GemFire EDF provides a low latency solution to the data bottleneck. The data management infrastructure for high speed data access can be built with GemFire EDF by managing data in computer memory (cache) and the ability to distribute data across multiple computer nodes. The end result is much faster than disk.

By using GemFire EDF synchronous and asynchronous data replication capabilities, financial institutions can build extremely low latency systems which guarantee no data loss in data replication among servers. Data synchronization between remote locations and the disaster recovery sites can also be built with the data replication capability of GemFire EDF.

CTC and GemStone jointly promote the large scale grid computing environment for the needs of high-performance & real-time large transaction processing. Through the partnership, CTC will market GemFire EDF as its high performance data access solution.

Through computer programs with trading logics, it enables high-speed transactions simultaneously in multiple financial markets.

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