AxiomSL Partners with Platform Computing

Date: October 19, 2004
Location: London

AxiomSL, leading provider of enterprise data and risk management technologies and Platform Computing, provider of Grid computing software solutions announced today that they have teamed to integrate Platform’s Enterprise Grid technology within AxiomSL’s RiskMonitor®. Through this partnership, AxiomSL’s customers, including major financial institutions, asset managers and energy companies, will be able to benefit from open integration with Platform LSF to enhance the performance and scalability of their risk management processing.

“In the financial services industry, technology is an important component of risk management, from managing data aggregation to speeding analysis through software applications such as the Monte Carlo simulation. Organizations are increasingly turning to distributed computing solutions to enable mission-critical intra day simulations to be run concurrently and transparently, based on business priority and user demand,” said Mike Sharma, vice president, financial services. “Axiom has been providing risk management solutions for the last decade, and through integration with Platform LSF, we can deliver a powerful solution to meet the increasing performance demands from high-volume transaction customers.”

“Through our integration with Platform LSF, our customers can perform more analytical processes in less time,” says Alex Tsigutkin, CEO and founder of AxiomSL.

About Platform

Platform is the world’s leading distributed computing software provider, with desktop to Grid solutions that allow organizations to dramatically improve time to market and quality of results, while maximizing their IT investment. Founded in 1992, Platform has strategic relationships with industry leaders, including Apple, Dell, HP, IBM, Powerllel and SAS and its open, scalable software solutions are the choice of more than 1,500 result-driven organizations around the world. Platform is a private company with 400 employees in 14 offices in North America, Europe and Asia. For more information visit www.platform.com.