GigaSpaces Continues to Successfully SaaS-Enable and Reduce TCO for Independent Software Vendors

New York, NY – September 21, 2010 – GigaSpaces Technologies continues to attract independent software vendors (ISVs), such as

Pagosonline.net S.A., a leading financial services Software-as-a-Service provider in Bogota, Colombia. Pagosonline recently integrated GigaSpaces eXtreme Application Platform (XAP) 7.1.1 into its web-based payment processing and aggregation platform.

XAP is an enterprise-grade, end-to-end in-memory application server for deploying and dynamically scaling distributed applications. Software vendors and organizations can now more quickly and cost-effectively develop, manage, and scale their business-critical Java and .NET applications, whether they are being used within the data center or as web- or cloud-based SaaS offerings.

“As a growing company, we project that our processing needs over the next five years will grow to at least five times current transaction rates,” says José Fernando Vélez, General Manager of Pagosonline. “We chose XAP as the most cost-effective solution to ensure our infrastructure costs won’t increase accordingly.”

XAP allows Pagosonline to linearly and dynamically scale its system without any diminishing returns. Meanwhile, XAP’s concurrent transaction management and multi-tenancy features maximize Pagosonline’s use of its existing hardware infrastructure.

“Pagosonline evaluated XAP through our free trial program,” says Amnon Raviv, head of ISV sales at GigaSpaces. “They were quickly up and running, requiring only minimal support from GigaSpaces. We’ve noticed this pattern recurring with our customers, as they utilize XAP’s open, rich APIs and support for standard frameworks.”

By embedding XAP in its payments service platform, Pagosonline will be able to leverage XAP’s fully transactional, best-in-class, in-memory data grid, its parallel processing engine, and a reliable, high-performance messaging infrastructure. This ensures that the Pagosonline development team can focus on improved functionality without worrying about the underlying infrastructure, speeding time to market. In the future, if Pagosonline decides its needs are better served with part of the application infrastructure on the cloud, thanks to XAP, it can transition from the data center to the cloud without a single code change.

“Thanks to the flexibility of GigaSpaces technology, ISVs benefit from the same features and cost-efficiencies our large data-center-focused customers have long enjoyed,” says John Giubileo, GigaSpaces Executive Vice President and General Manager. “GigaSpaces technology and consultancy services provide software vendors with a long-term solution that supports both their data center and cloud-based application offerings. With XAP ISVs can take their existing applications and offer them as a service online with minimal to zero code change,” he added.

About GigaSpaces

GigaSpaces Technologies is a leading provider of a new generation of application platforms for Java and .Net environments that offers an alternative to traditional application servers. Its flagship product, XAP, is an enterprise-grade application server for deploying and dynamically scaling distributed applications under any requirement.

GigaSpaces customers depending on our reliability and millisecond latency include dozens of Global Fortune 100/500 companies, including Société Générale and British American Tobacco; six of the world’s top 10 investment banks and financial services companies like Dow Jones; leading telecommunications carriers and eCommerce companies like eBay; and five of the world’s top online gaming companies and Internet media organizations. GigaSpaces was founded in 2000 and has offices in the United States, Europe, and Asia.

For more information, please visit http://www.gigaspaces.com, our blog at http://blog.gigaspaces.com or contact:

K2 Strategic Innovations

Amy Kenigsberg

amy@k2-si.com

+972 9 794 1681 (GMT +2)

U.S. +1 913 440 4072 (ET +7)

About Pagosonline

Pagosonline is the leading Payments Services Provider in Colombia, offering a wide range of Payment Processing Services and Fraud Detection and Monitoring Services. Pagosonline is currently expanding its offering to other countries in the region, mainly focusing on the international merchants that want to sell to Latin America. Some of Pagosonline customers include Sony, Amway, Avianca and other renowned local players.

For more information visit http://www.pagosonline.com or contact Martin Schrimpff at martin.schrimpff@pagosonline.com.

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