DataSynapse gains award in Financial Services solutions

http://www.gridtoday.com/grid/1913848.html

LONDON, Nov. 27 — DataSynapse Inc., the global provider of application virtualization software, has been recognized by Financial-i as the leader in virtualization solutions for the financial services industry. The accolade was extended through the magazine’s annual “Leaders in Innovation Awards” for 2007.

The awards are decided by an industry advisory panel comprised of leading analyst firms and consultants covering the wholesale transaction banking markets, including Celent, TowerGroup and Bloor. They commend those banks and IT vendors that are shaping the delivery of business solutions in the financial services industry.

Judging criteria focused on product innovation over the last 12 to 18 months, cost effectiveness of solutions in terms of implementation and deployment, potential business benefits, ease of implementation and the ability to tackle specific business issues or problems.

Very cool and well done to DataSynapse. I look forward to seeing what new solutions DataSynapse bring to the market, VersaVision being an example of this.

Regardless of whether you use DataSynapse or Platform, Tangosol or something else, that grid or application virtualization is being recongized shows the potential areas of growth and opportunity in the grid arena, as well as the potential business benefits. In pricing for example, being able to price on demand more quickly than your competition can be the difference between what my economist lecturer would state ‘normal’ and ’supernormal’ profit.