iTWire - IBM acquires InfoDyne

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IBM acquires InfoDyne

by Stephen Withers
Wednesday, 30 April 2008
! IBM has purchased InfoDyne, a company specialising in software capable of handling high-volume data feeds with minimal latency to cope with situations such as financial markets. Related stories IFS picks a pair of unpickled people Microsoft says Watson's on to drive Software + Services in Australia It's a joke: In a Linux world without walls who needs Windows? Google goes to 'Android Market' in App Store challenge IBM brings another jobs boost to Ballarat "InfoDyne was founded on the principle of using technology to ensure zero tolerance for latency and has developed a platform and supporting software and services specifically designed to provide a competitive advantage to market traders," said Guy Tagliavia, CEO of InfoDyne. The InfoDyne products will become part of IBM's WebSphere offerings. IBM will combine the software with its existing products to provide the ability to process millions of messages per second with integration into back-office applications to ensure the integrity of transactions automatically initiated on the basis of the data feeds. This integration is necessary as the failure of any step in the process will affect the company's overall position. "IBM is working with the world's top financial firms on both the buy-side and sell-side, and with infrastructure providers and regulators, to help them adapt to the escalating volume and speed demanded by an increasingly automated and globally integrated industry," said Tom Rosamilia, general manager, IBM WebSphere. "The addition of InfoDyne's capabilities strengthens IBM's product portfolio in providing an exchange-neutral platform, with high-speed connectivity that gives firms faster access to market data, accelerates their ability to execute and complete trades, and enhances the flexibility required to comply with both current and future regulations," he added. Please enable JavaScript in your browser to post your comment! Tags See All Tags Finance IBM Mergers Acquisitions Software Stephen Withers Get stories like this delivered daily - FREE - subscribe now