GemStone Systems Joins Forces With KPIT Cummins

GemStone Systems, a provider of Enterprise Data Fabric (EDF) and KPIT Cummins Infosystems, an IT consulting firm with niche focus in Diversified Financial Services, have announced a strategic alliance to offer High Performance Computing (HPC) and Cluster Management solutions to global corporations across US, India, Japan and Europe.

Securities and asset management firms with high volume transaction processing, especially in the fixed income and derivatives business are today facing problems of increasing volumes, complex instruments, and a need for increased IT performance.

This strategic alliance would leverage KPIT Cummins’ expertise in high transaction volume systems for global securities, asset management and payment processing firms using GemStone’s product GemFire. Customers would benefit from the GemFire solution, which provides low latency, high throughput data sharing, event distribution, high resiliency and scalability. GemFire’s high speed data access will allow customers to capitalise on near real-time data availability.

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Pawan Sharma, head, Diversified Financial Services and president, KPIT Cummins Global Business Solutions, said, “Asset management firms processing high data volumes and spread across the globe need highly available, real-time data access and analysis to support decision-making. We will now be able to offer our customers innovative solutions in grid computing and extreme transaction processing (XTP), which is the need of the hour. The alliance will strengthen our off-shore and near-shore based delivery and support teams.”

Juan Menendez, senior vice president of Business Development, GemStone Systems said, “With emerging opportunities in the US, Europe and Indian markets, it is critical for us to have a global partner like KPIT Cummins to deliver services and value to our customers. KPIT Cummins’ years of experience, in executing high volume critical applications creates opportunities for us to deploy high end solutions across verticals and to tap into their extensive customer base.”