Leading Investment Bank Views New Compute Model as Critical to the Future of IT
February 14, 2006
MOUNTAIN VIEW, California – February 14, 2006– Azul Systems, the pioneer of the industry’s first network attached processing solution designed to deliver compute and memory resources as a shared network service to applications built on the J2EE™ Java™ platform as well as other virtual machine languages, today announced Credit Suisse has selected the company’s technology for intended use within their datacenters as well as taking an investment position in Azul Systems. Financial details were not disclosed.
Credit Suisse’s investment in Azul Systems is a clear indication of how leading Wall Street banks view the importance of information technology models that support the transaction-intensive nature of their businesses and that have the ability to deliver increased capabilities, capacity and utilization at a fraction of the cost. Network attached processing provides massive amounts of compute capacity as a shared network service, similar to the manner in which network attached storage provides shared storage capacity to datacenters.
“Credit Suisse recognizes the value of investing in technologies that are critical to the way we handle transaction-intensive business activities,” said Alan Freudenstein, Managing Director at Credit Suisse. “The fact that Credit Suisse led a significant investment round in Azul Systems demonstrates our belief in, and support of, the kinds of solutions that Azul is bringing to Wall Street.”
Azul began shipping their compute appliances in late summer 2005 and is working with enterprise datacenters across many sectors, including financial services, telecommunications, logistics, transportation and hospitality to name a few. The fundamentally new approach delivers dramatically more processing power as a shared network service while eliminating the risks associated with speculative capacity planning and over-provisioning for unpredictable application loads, allowing businesses to achieve significantly greater operational efficiencies.
“The financial services industry is characterized by some of the most demanding IT shops around the globe,” said Stephen DeWitt, president and chief executive officer of Azul Systems. “We are keenly proud to be partnering with Credit Suisse as we bring this new model to Wall Street and look forward to working closely with other customers of this class to bring significantly greater capabilities to their operations while at the same time increasing data center profitability.”
About Azul Systems
Azul Systems® has pioneered the industry’s first network attached processing solution, designed to unbound compute resources for service-oriented applications. Without any application level modifications, binary compatibility requirements or operating system dependencies, this fundamentally new approach eliminates the need to capacity plan at the application level and dramatically lowers the cost and complexity associated with the traditional delivery of computing resources. More information on Azul Systems can be found at www.azulsystems.com.
As one of the world’s leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 40,000 people. Credit Suisse’s parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group’s registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CSR), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
In its Investment Banking business, Credit Suisse offers securities products and financial advisory services to users and suppliers of capital around the world. Operating in 69 locations across 33 countries, Credit Suisse is active across the full spectrum of financial services products including debt and equity underwriting, sales and trading, mergers and acquisitions, investment research, and correspondent and prime brokerage services.
Azul Systems and Azul are registered trademarks, and the Azul arch logo is a trademark of Azul Systems, Inc. in the United States and other countries. Java and all Java based trademarks and logos are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. Other marks are the property of their respective owners and are used here only for identification purposes.