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GigaSpaces and Gresham Computing Tighten Control of Transaction and Cash Processes

Gresham to use GigaSpaces eXtreme Application Platform as Infrastructure for Transaction and Cash Management Solutions

New York, August 9, 2011 – GigaSpaces Technologies, a leading provider of a new generation of virtualized application platforms delivering end-to-end scalability, announces that Gresham Computing will be using GigaSpaces eXtreme Application Platform (XAP) as the infrastructure for its transaction and cash management solutions.

“We needed a technology that would not only support the unique scaling and reliability needs of high-speed, transaction-based processes, but it also had to be market-proven,” says Neil Vernon, Development Director at Gresham Computing. “Because companies like Morgan Stanley and the NYSE already depend on GigaSpaces, our customers are instantly comfortable with the technology.”

GigaSpaces XAP is an end-to-end virtualized application platform that brings together an in-memory data grid, application processing and messaging services, providing extreme performance, dynamic linear scalability, and high availability. XAP can manage terabytes of data with millisecond latency while maximizing hardware resources.

Gresham solutions reduce control failure risk and optimize business performance, providing certainty through greater transparency and reduced transaction risk in customers’ operations. Gresham prefers to focus on building business value for its customers with its business logic; XAP will be the underlying infrastructure, ensuring continuous scaling on demand by handling transactions that fluctuate from 1million to 100 million on a daily basis while reinforcing the process controls via SLAs as determined by Gresham.

“GigaSpaces’ expertise ensures that Gresham’s customers benefit from the experience of both organizations in serving financial services companies,” says Adi Paz, Executive Vice President of Marketing and Business Development. “Not only will we be providing the technology, but we can also provide advice with regard to their customers’ needs.”

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 truly silo-free architecture, along with operational agility and openness, delivering enhanced efficiency, extreme performance, and always-on availability. The GigaSpaces offering includes solutions for enterprise application scaling and enterprise PaaS and ISV SaaS enablement that are designed from the ground up to run on any cloud environment – private, public, or hybrid – and offers a pain-free, evolutionary path to meet tomorrow’s IT challenges.

Hundreds of organizations worldwide are leveraging GigaSpaces’ technology to enhance IT efficiency and performance, among which are Fortune Global 500 companies, including top financial service enterprises, e-commerce companies, online gaming providers, and telecom carriers.

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About Gresham
Gresham Computing plc is a specialist provider of software-based solutions that enable customers to achieve real-time financial certainty in transaction and cash management. We aim to be the leader in reducing control failure risk and optimizing business performance through the integration and use of real-time financial transaction data in core business processes. Gresham is listed on the London Stock Exchange (GHT.L). For more information, please visit