Thursday, May 15, 2008

Gemstone wins deals from 3 top-10 Wall Street banks

Gemstone Systems, provider of distributed data management and virtualisation solutions, on Wednesday said three of the top 10 Wall Street Banks have selected its GemStone Systems as their single provider of distributed data management technology for the last 90 days.
Each is a seven-figure enterprise licence deal with a multi-year commitment to deploy GemFire, GemStone's Enterprise Data Fabric product, on 1000s of nodes, running hundreds of applications, managing terabytes of data across geographically dispersed data centre, a release issued.
These customer wins showcase a cultural shift by top financial firms toward selecting and standardising on a single vendor who provides proven solutions, enterprise deployment support expertise and agile technology to meet the usage demands and wider-scale adoption of data fabric technology in capital markets, the release said.

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