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Platform Computing and GigaSpaces Announce Cooperation to Extend Enterprise Grid to Transactional Applications

Joint Offering Provides Increased Utilization and Dynamic Scalability to High-Performance, Transactional and Data-Intensive Applications.

New York, NY – January 8, 2007 – Platform Computing and GigaSpaces, an enterprise application infrastructure software company, announced today that they have entered into a joint marketing and technical development agreement. The agreement integrates Platform’s enterprise-wide grid resource management solutions with GigaSpaces’ industry-first technology for end-to-end linear scalability of transactional and data-intensive applications.

Platform and GigaSpaces are developing integration components that will create a seamless link between GigaSpaces’ and Platform’s offerings. The combination of the two technologies extends the benefits of the enterprise grid – including increased hardware utilization and improved service levels – to high-performance transactional and data-intensive applications, such as trading, and real-time analytics applications.

“This agreement delivers new levels of manageability and performance for customers who have the most demanding application requirements,” said Jim Johnson, Vice President of Marketing, Platform. “This integration gives customers everything they need to rapidly migrate transactional applications to a grid infrastructure.”

“We provide a single platform that addresses the data, messaging and processing bottlenecks inherent in high-throughput, low-latency transactional and data-intensive applications,” said Geva Perry, chief marketing officer at Gigaspaces. “Together with Platform, we can now solve the most important challenges customers face when applying grid computing to these applications. This ensures low latency for mission-critical applications at any given transaction volume, plus the ability to dynamically meet application service-level requirements across the enterprise.”

About Platform
Platform Computing is the leading systems infrastructure software company that accelerates applications and delivers IT agility for increased business performance and reduced cost. Founded in 1992, Platform is a pioneer in HPC, Cluster and Grid Computing technologies. Platform has over 2000 global customers and strategic relationships with Dell, HP, IBM, Intel, Microsoft, Novell, Red Hat and SAS, along with the industry’s broadest support for third-party applications.

For more information please visit http://www.platform.com.

About GigaSpaces
GigaSpaces provides a single platform for end-to-end scalability of high performance and stateful distributed applications. GigaSpaces’ unique approach enables developers to write their business logic once and then seamlessly scale out the application linearly anywhere, and on-demand. It is targeted at applications characterized by high-volume transaction and data processing and low transaction latency requirements and provides an alternative to Web Services for implementing high performance and scalable service-oriented architectures. GigaSpaces customers include leaders in the financial services, telecommunications sectors and government institutions, including: Societe Generale, Chicago Mercantile Exchange, Dow Jones, Virgin Mobile, Nortel and Hutchinson 3G, where the need for mission-critical high-performance, low-latency, reliability and scalability necessitates an alternative to traditional approaches. GigaSpaces was founded in 2000 and has offices in New York, San Francisco, London, Paris and Israel. It is a privately held company, funded by BRM Capital, Intel Capital and the Formula Group (NASDAQ: FORTY).

For more information, please visit http://www.gigaspaces.com, or visit the company’s blog at http://www.gigaspacesblog.com.

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For additional information, contact:
Alit Bar Sadeh
GigaSpaces Technologies, Inc.
Tel: (+1) -917-701-5185
Email: alit@gigaspaces.com

Dave Cote
AgencyNext, Inc.
Tel: (+1) -508-647-0044
Email: dave@agencynext.com

GigaSpaces is a trademark of GigaSpaces Technologies, Inc. All other trademarks are the property of their respective owners.