Itanium Solutions Alliance to expand partnerships in India

By siliconindia   |   Friday, 06 June 2008, 05:36 Hrs
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Bangalore: Itanium Solutions Alliance, a global community formed in collaboration with the world's leading IT companies unveiled its roadmap for 2008 at a special media round table for the Indian media. The alliance also shared winners of its second annual innovation awards and its intention to expand partnerships and solutions presence in India. This year's category winners are S7 Software for Entrepreneurial Innovation, ProtAgA Software for Enterprise Business Application achievement; University of Houston for Humanitarian Impact. "The stories of this year's winners amply demonstrates the impact of Intel Itanium technology in solving mission-critical computing challenges in a wide range of application environments. The breadth of entries was impressive and selecting a winner in each category was quite challenging. The winners' and finalists' solutions clearly showcase the value of an Itanium-based solution over costlier mainframes in real-life applications," said Joan Jacobs, executive director, Itanium Solutions Alliance. S7 Software Solutions, a software services and product-based company specializing in software migration and re-engineering domain, was recognized for porting more than 2 million lines of software code of a Fortune 100 company's financial transaction processing system. Faster response time, higher availability and flexible scalability made the Itanium-based platform the perfect fit for their migration challenge. Enterprise Business Application category winner ProtAgAsoft developed Financial Portfolio Builder (FPB), a comprehensive financial investment system that runs on four-way HP Integrity servers based on Intel Itanium processors, and supports the entire spectrum of portfolio management on a single unified platform. FPB helps rebalance thousands of client accounts in a matter of minutes, optimizing risk and return exposure and providing greater customer service at lower cost and better performance. Investment banks have already achieved annualized portfolio returns of more than 22 percent with an efficiency of almost 30,000 times faster than the conventional method.