ACADEMIA

NEW YORK -- Wall Street IT Conference -- Platform Computing Inc. announced that JPMorgan, the investment banking unit of J.P. Morgan Chase & Co., has purchased Platform's latest software solution, Platform Symphony(TM). Platform Symphony manages selected, compute-intensive portions of the Investment Bank's application workload across its globally distributed technology infrastructure. Platform was selected following a formal RFP process that included eight leading software and infrastructure vendors. JPMorgan will use Platform's distributed computing and web services solutions to create an integrated, highly scalable, virtualized and shared infrastructure in order to support core front and middle office processes that have highly-demanding, compute-intensive functions. The software solution is designed to ensure that JPMorgan's mission-critical business application workload is distributed and processed according to its business priorities and time requirements. "With our distributed computing and web services solutions, JPMorgan can leverage its existing technology investment to make applications work together more smoothly in an Enterprise Grid," said Michael Sharma, vice president, financial services, Platform Computing. Platform's Financial Services Group provides distributed computing solutions to the financial services market, where IT infrastructures support and process mission-critical applications. Platform's customers, such as Deutsche Bank, Mackenzie Financial Corp., Royal Bank Capital Markets, TD Canada Trust, and Fidelity Investments, have dramatically improved the efficiency and reliability of their IT infrastructures and the critical financial services applications they support, including front-, middle-, and back-office applications. The cost savings that Platform delivers are the composite result of reduced capital expenditures and operational costs, enhanced work efficiency and service delivery and increased business capacity.