GigaSpaces and Comarch Partner to Enhance Profits for Eastern European Financial Services Companies

NEW YORK, New York, May 18, 2011 – GigaSpaces Technologies, a leading provider of a new generation of application virtualization platforms delivering end-to-end scalability, announces that Comarch, a leading Polish system integrator, will be using GigaSpaces eXtreme Application Platform (XAP) as the basis for its next-generation brokerage system.

With GigaSpaces, our technology easily meets the ever-increasing performance requirements of financial services companies,” says Artur Krzystek, Executive Director of Product Development at Comarch. “XAP ensures dynamic scalability without any decrease in performance, speed, or reliability.”

GigaSpaces XAP is an end-to-end application virtualization platform that guarantees dynamic, linear scalability both within data center and cloud environments. By co-locating in-memory the application’s data, messaging and business logic, XAP ensures high-speed processing with millisecond latency, while ensuring bullet-proof reliability through automatic fail-over and self-healing.

We compared XAP to competitive solutions, and in addition to the excellent standard features, we were impressed with its production tools and production readiness,” continued Krzystek. “With XAP, we can monitor production and deploy the system to multiple machines quickly and easily.”

Comarch clients include European retail and institutional brokerage companies as well as international banks and investment management companies, whose profits depend on analyzing and processing exponentially increasing market data within milliseconds. They also need a system to support implementation of the increasingly stringent clearing and settlement requirements enforced by the EU.

Comarch is a logical partner for GigaSpaces as part of our increased focus on Eastern Europe,” says Mickey Alon, Director of Sales, Central Europe, at GigaSpaces, who is also responsible for Eastern Europe. “They benefit from our extensive experience working directly with our Fortune 100 financial services clients, ensuring their system truly fits all of their customers’ requirements.”

About GigaSpaces

GigaSpaces Technologies is the pioneer of a new generation of application virtualization platforms and a leading provider of end-to-end scaling solutions for distributed, mission-critical application environments and cloud enabling technologies. GigaSpaces is the only platform on the market that offers a truly silo-free architecture, along with operational agility and openness, delivering enhanced efficiency, extreme performance, and always-on availability. Our offering includes solutions for enterprise application scaling and enterprise PaaS and SaaS enablement designed from the ground up to run on any cloud environment – private, public, or hybrid – and offer a pain-free, evolutionary path to meet tomorrow’s IT challenges.

Hundreds of organizations worldwide are leveraging GigaSpaces’ technology, among which are Fortune Global 500 companies, including top financial service enterprises, e-commerce companies, online gaming providers, and telecom carriers including Dow Jones, NYSE, Société Générale, and Reuters.

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

About Comarch

Comarch is a global software house and system integrator offering a wide range of advanced flexible solutions for the Banking, Insurance and Capital Markets industries. Comarch’s complete product portfolio covers innovative and competitively priced solutions ­ flexibly customized to customer business goals and priorities. The key advantage of Comarch’s offer is a cost-effective deployment model including in-house implementation as well as Software-as-a-Service approach. We are proud to work with customers from four different continents in more than 20 countries. We have been cooperating with more than 150 capital market institutions, banks and insurance companies worldwide.

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