GigaSpaces to Provide Solutions for Distributed, Financial Services Applications With HP

NEW YORK, Booth 1423 at SIA, June 21 /PRNewswire/ -- Gigaspaces Technologies, a provider of new generation infrastructure software solutions, today announced the qualification of Gigaspaces Enterprise and Caching Editions on HP ProLiant and HP BladeSystem servers designed to drive transaction speed, end-to-end scalability and uptime for joint financial services and securities industries customers.

As capital markets continue to evolve in their transaction and analytic processing, financial services firms must strive for cost effective, financial applications run over commodity hardware, such as x86 architectures running Linux. Designed for today's open environments, GigaSpaces enables business applications with high and volatile transaction volumes unlimited on-demand scalability and extreme performance across low-cost, open platforms, such as blade racks and Linux servers.

Anne Ambrose, HP WW Director Financial Services, states: "Customers who are looking to launch low-latency, distributed systems, require an entire solution. We look forward to working with GigaSpaces to offer HP ProLiant and HP BladeSystem servers in concert with Gigaspaces' middleware software designed for scaleable performance and resiliency."

Gigaspaces provides innovative, high-performance application infrastructure that delivers end-to-end scalability of high-volume transactional applications, as the business grows. Over a single platform it fixes both processing and data bottlenecks at the same time, without the overhead and complexity inherent in traditional tier-based environments. In addition to meeting all performance and scalability requirements, Gigaspaces automatic system monitoring and management capability ensures system availability and system performance, while eliminating the need to implement, integrate and manage multiple middleware components. This dramatically reduces up front application costs, as well as the ongoing costs associated with maintenance and support of multiple vendor applications.

"Applications are only as fast and scalable as the weakest layer of their stack," said Geva Perry, executive vice president of business development at GigaSpaces. "HP is continuously innovating with better hardware offerings that provide extreme low-latency, high reliability and a scalable and open architecture. Our joint offering with them will provide customers with solutions that address the entire stack - bottom to top."

About GigaSpaces

GigaSpaces provides innovative, high-performance infrastructure software solutions that deliver unparalleled dynamic scalability for high-volume transactional applications, without the overhead and complexity inherent in traditional multi-tier development and deployment environments.

Its award-winning solutions have been adopted across multiple vertical industries and are used by companies such as Societe Generale, Nortel, Hutchison 3G, Virgin Mobile, FXall and others for mission-critical applications, where the need for extreme performance, reliability and scalability necessitates an alternative to traditional tier-based architectures.

GigaSpaces was founded in 2000 and has offices in New York, London and Israel, it is a privately held company, funded by BRM Capital, Formula Vision and Intel Capital. GigaSpaces is an affiliated company of the Formula Group (NASDAQ: FORTY), Israel's largest publicly held IT group. For more information, please visit http://www.gigaspaces.com

About HP

HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended April 30, 2006, HP revenue totaled $88.9 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com

Editorial Contact: Alit Bar Sadeh

GigaSpaces Technologies

Tel: +1-(646)-421-2830

Email: alit@gigaspaces.com