DataSynapse Partners with Sungard's Adaptiv to Help Improve Risk Calculations

DataSynapse GridServer Supports SunGard's Leading ASP Risk Solution

NEW YORK · September 6, 2006 · DataSynapse, a global provider of application virtualization software, today announced that it has partnered with SunGard's Adaptiv business unit, a leading provider of credit and market risk management and operations solutions for financial services institutions. DataSynapse will bundle its flagship GridServer software within SunGard's application service provider (ASP) delivery of Adaptiv Analytics, a solution for rapid computation of complex risk calculations launched in June of this year. By running the industry-leading Adaptiv Analytics software for market and credit risk on a grid of servers managed by DataSynapse GridServer, risk executives can benefit from the ability to run risk calculations quickly, helping cut execution times from days to minutes.

 

"The timely incorporation of new trade types into risk systems is a concern for today's senior risk managers," said David Rowe, executive vice president for risk management at SunGard's Adaptiv business unit. "The complexity of innovative derivatives coming to market is often a bottleneck to risk systems, preventing a bank from maximizing new opportunities. DataSynapse GridServer complements the native parallelization of the Adaptiv Analytics application to help deliver the kind of response times expected by leading financial institutions."

 

As volumes and complexity of traded products increase, existing IT solutions within financial services institutions are unable to perform risk calculations in the required timeframes. This means that financial services institutions may be running their businesses on inaccurate and incomplete risk information. Risk management staff and trading managers are demanding faster access to risk results to allow this information to be reflected in pricing decisions. Leading-edge institutions are moving from end-of-day reporting to the provision of intraday and even real-time results. GridServer virtualizes application services dynamically across shared-system resources to help improve productivity and performance levels across the enterprise.

 

"There is a sea-change in the financial services industry to run complex risk calculations more quickly and accurately to meet critical business timing requirements, while moving from end-of-day reporting to the provision of intraday results," said Rick Moran, senior vice president of business development at DataSynapse. "GridServer is helping institutions to reach this goal. Our partnership with SunGard is a step forward in the expanding relationship between the two companies and we look forward to more success as DataSynapse works with SunGard's Common Services Architecture program to deliver mutual value to joint customers."

 

DataSynapse continues to extend its worldwide partnerships by offering out-of-the-box integration with a variety of leading third-party applications and hardware platforms.

 

About Adaptiv
SunGard's Adaptiv provides enterprise-wide credit and market risk management and operations solutions for financial services institutions. Adaptiv assists institutions of varying size and complexity to deploy technology to meet both internal and regulatory requirements for risk management and operational control. We help financial services institutions from the banking, hedge fund, asset management, insurance and corporate sectors with our deep understanding of risk management and operational processes.

 

About Sungard
With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at http://www.sungard.com/.


About DataSynapse
DataSynapse is a world leader in dynamic application service management (DASM) software for the always on, always responsive data center. The DataSynapse platform is used by leading organizations to configure, activate and manage scalable enterprise-class application services for physical, virtual and cloud infrastructure in real-time environments. For more information, please visit www.datasynapse.com.

 

Media and Analyst Contact

Alison Minaglia

TechnologyPR for DataSynapse

aminaglia@technologypr.com

(917)902-3404