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Print PageZaiNet Analytics Powered by DataSynapse GridServer Helps Yield 500% Gain
HOUSTON, TX · December 14, 2005 · SunGard today announced that BC Hydro’s wholesale power marketing subsidiary, Powerex Corp., is the first customer to have successfully implemented SunGard’s grid-enabled ZaiNet Monte Carlo Value at Risk (MC VaR), a solution that transforms overnight risk reporting runs into intraday reports that help facilitate more responsive decision making. SunGard’s ZaiNet is an energy trading and risk management solution (www.sungard.com/zainet) that utilizes the DataSynapse GridServer Enterprise Server Edition and Intel’s 2.8 GHz Xeon CPU to deliver the results of complex VaR calculations in less than one-tenth the time required without the grid.
To address the decision-making challenges of overnight reporting, Powerex sought a solution that would reduce its analytic run-times by five times or more across a variety of reports. By implementing ZaiNet MC VaR on DataSynapse GridServer, Powerex realized performance gains of 5 – 40 times. For example, one report that took six hours to run in the previous environment ran in only nine minutes.
"Grid enablement opens the door to realizing additional value from the ZaiNet integrated market risk systems at Powerex through faster troubleshooting, what-if analysis, and other capital, credit and market risk allocations by book, counterparty or trade type," said John Wilkinson, market risk manager, Powerex Corp.
"The Powerex results demonstrate the power of virtualization technology leveraged by the combined DataSynapse and SunGard solution to help improve the compute performance of energy risk analytics," said Jamie Bernardin, chief technology officer of DataSynapse. "We are pleased to bring to Powerex the performance and reliability that our blue chip customers in financial services and telecom enjoy."
"SunGard's grid-enabled analytics provide Powerex the tools for real-time decision making and we're pleased by the reduction in compute time it achieved," said Matt Mandalinci, president of SunGard's energy solutions business unit. "It is now possible for Powerex to run its VaR reports intraday, making real-time decision making a reality. ZaiNet MC VaR on GridServer will help change how power marketers do business in the time-critical energy market."
About Powerex
Powerex Corp. is the wholly-owned power marketing subsidiary of BC Hydro, Canada's third largest electric utility. Established in 1988, Powerex has grown to be a leading marketer of wholesale energy products and services in western Canada and the western United States, and a growing niche player in other markets in North America.
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/.
About DataSynapse
DataSynapse provides real-time infrastructure software that enables IT organizations to align with the changing demands of business. By dynamically allocating compute resources to enterprise applications based on business demands and policies, DataSynapse’s solutions speed application time to market, improve quality of service, lower IT operations costs and reduce application management complexity. With proven, recognized products – including its GridServer®, FabricServer™, VersaVision™ software, and RTI Design™, a best practices blueprint for transitioning to real-time infrastructure – DataSynapse provides a standardized, automated approach to configuring, activating and scaling enterprise applications in real-time environments.
Press Inquiries |
|
| Brian Callahan | |
| DataSynapse, Inc. | |
| (617) 500-0936 | |
| bcallahan@datasynapse.com | |
