Grid technology specialist DataSynapse has entered into a collaboration agreement with Murex to accelerate the deployment of advanced grid infrastructure to Murex’s customer base.
DataSynapse says that, as a result of the partnership, mutual customers will benefit from virtualization technology that is able to aggregate IT resources based on business needs, breaking down IT silos and increasing utilization of existing hardware to reduce IT spend.
Murex delivers cross-asset trading, risk management and processing solutions and realizes the advantages of a partnership with DataSynapse, as Maroun Edde, managing partner at Murex explained. Our clients active in the risk management of complex financial products have long been facing calculation speed and cost issues. Building a plug-and-play connector to DataSynapse, a leading specialist in the grid technology area applied financial markets, is an essential step towards helping our clients address a complex infrastructure issue.
The two companies are currently working with several European banks for which GridServer will manage Murex workload execution and respond to changing business requirements in real time, satisfying the unpredictable demand for computer processing power.
DataSynapse is continuing to expand its client base across the Americas and Europe in s bid to strengthen position as a provider of grid computing for the financial services sector.