SunGard Launches High-Performance ZaiNet Solution with DataSynapseHOUSTON, TX · December 14, 2005 · SunGard, Intel and DataSynapse Corporations today announced that SunGard's ZaiNet, an energy trading and risk management solution (www.sungard.com/zainet), now offers a grid-enabled version of its Monte Carlo Value at Risk (MC VaR) and Earnings at Risk (EaR) analytics packages utilizing the DataSynapse GridServer technology. ZaiNet is able to make critical decision support VaR information available during the day by taking advantage of grid-technology that transforms the advanced analytics reporting of various risks from overnight batch runs into shorter runs that complete in a fraction of the time.
SunGard's grid-enabled ZaiNet MC VaR and EaR, in conjunction with Data Synapse's GridServer Virtual Enterprise Edition, and Intel's 2.8 GHz Xeon CPU help energy companies achieve faster turn-around on reporting of portfolio risk by effectively allocating compute resources across a network to help improve IT resource utilization. The GridServer® transparently manages the spreading of the ZaiNet calculations across multiple processors for the customer. As a result, the combined SunGard and Data Synapse solution helps provide improved resiliency, accuracy and speed for the complex analysis and reporting upon which energy companies have come to rely for mission-critical business decisions.
"The combined DataSynapse and SunGard solution helps energy firms benefit from improved risk analytics, while minimizing the cost and complexity of their IT infrastructure," said Jamie Bernardin, chief technology officer of DataSynapse. "Through virtualization, this joint solution addresses the energy industry's need for increased application performance and time-to-results."
"The ongoing success of ZaiNet is a result of continuous efforts to help customers gain efficiencies and more effectively manage their risk. We are pleased to work with DataSynapse to help provide the enhanced risk capabilities our customers need for mission-critical applications," said Matt Mandalinci, president of SunGard's energy solutions business unit.
About ZaiNet
SunGard's ZaiNet is a trading and risk management solution for energy organizations that supports a range of needs, from the front to the back office. Utilities and independent power providers; energy refiners, wholesalers, and retailers; corporations and financial institutions employ ZaiNet in trading, scheduling, and risk management activities. ZaiNet offers these organizations real-time views of enterprise risk, across commodities. It supports trading of power, natural gas, crude oil, refined petroleum products, and a wide range of physical and financial instruments.
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/. Trademark Information: SunGard, the SunGard logo and ZaiNet are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders. 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 |
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