AxiomSL Chooses Powerllel to Enhance Parallel Processing

Date: August 7, 2003
Location: New York

AxiomSL, a global leader in risk management and enterprise data technologies, announced today that it has completed performance testing of Powerllel Software and has chosen Powerllel Software for integrating with its RiskMonitor application to run in a distributed and parallel computing environment. Through this integration, AxiomSL’s customers, including major financial institutions, asset managers and energy companies, will be able to benefit from Powerllel technology to obtain the order of magnitude performance benefits provided through parallel and distributed computing.

“The performance of risk management applications is key for providing trading units and senior management with the necessary information they need to understand their risk exposure and make effective decisions,” says Alex Tsigutkin, CEO of AxiomSL. “Powerllel provides AxiomSL a flexible and robust technology that has made it easy to implement parallel computing into our products,” says Tsigutkin. Powerllel’s software allows for dramatic speed of computation that we are quickly passing along to our customers.

“Powerllel is excited about working with AxiomSL as they have been offering innovative technology for enterprise-wide risk management solutions to financial institutions for over a decade,” said Eliot Listman, CEO of Powerllel. Through the integration of Powerllel Software with AxiomSL s risk management systems we deliver a resource-effective solution that meets the increasing performance and business demands of financial services organizations.