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Sophis joins with Gemstone to Empower its Solutions with Enhanced Data Management Technology

Thursday, May 21, 2009 15:34 PDT


Sophis joins with Gemstone to Empower its Solutions with Enhanced Data Management Technology

Capital Markets Systems Provider to Embed Leading Enterprise Data Fabric

BEAVERTON, Ore. and NEW YORK – May 23, 2009 – GemStone Systems, the leading provider of data infrastructure technologies, today announced that it has partnered with Sophis, a leading provider of cross-asset, front-to-back trading and risk management solutions for investment banks, asset managers, hedge funds and insurance companies. By embedding the GemFire data fabric in its RISQUE (sell-side) and VALUE (buy-side) solutions, Sophis will provide its clients access to GemFire’s low-latency, high-throughput and continuous availability features for business-critical data.

Financial professionals working with trading and risk systems require immediate access to data to make the decisions most crucial to their day-to-day operations. For this they need technology solutions that can be counted on to deliver this data reliably in real-time, ensuring that they are making the best possible decisions based on the information at their disposal.

Companies leverage Sophis’ solutions to risk manage and process their trading activities with massive amounts of data sourced from specialist providers and derived data calculated in the system. With the GemFire solution embedded in its products, Sophis customers can have access to the market-leading data management functionality inherent in the GemFire software. Consequently, Sophis users will experience significant shortened access times to calculated data and capabilities for faster critical risk measures – in an economic environment where managing risk is of the utmost importance.

“Our customers demand technology that empowers them to manage their portfolios and risks with the highest level of speed, reliability and scalability attainable,” said Samer Ballouk, global head of product management and business development, Sophis. “By progressively embedding GemStone’s technology in our market-leading solutions, we will ensure that our customers will be able to access an ever broader range of critical calculated data at the speed that business requires, and with the knowledge that the data they’re receiving is currently the most accurate and reliable, thanks to distributed data cache technology.”

Sophis’ RISQUE solution is a comprehensive cross-asset, front-to-back office solution for sell-side institutions, focusing on the evolving needs of leading investment banks and ideally suited to support trading activities in high-volume listed markets and new kinds of exotic derivatives. VALUE is a one-stop shop for hedge funds and asset managers that combines front, risk, middle/back office and data management capabilities across all asset classes, including complex derivatives, in one easily installed and maintained platform.

“By partnering with Sophis, the possibilities for providing an exponential improvement in the timeliness, accuracy and value of calculated data for its extensive customer base are limitless,” said Juan Menendez, senior vice president and global head of business development, GemStone. “It lets us deliver our data management technology to some of the most innovative and forward-thinking financial institutions in the world, and allows these institutions to address their most critical data management issues with the speed, reliability and scalability they require.”

About Sophis

Sophis Founded in 1985, Sophis is a leading provider of cross-asset trading and risk management solutions for capital markets, corporate and insurance companies. The company has a global presence with 11 offices around the world. Sophis serves over 5,000 users in 130 market-leading institutions, including investment banks, asset managers, hedge funds and insurance companies with its two solutions, RISQUE, dedicated to the sell-side, and VALUE, dedicated to the buy-side. In July 2007, the Private Equity fund Advent International acquired a majority stake in Sophis.

About Gemstone Systems

GemStone Systems delivers award-winning technology solutions that are focused on enterprise infrastructure usability and improvements. Its products are used by more than 200 large customers in mission-critical environments in industries that rely on real-time data, including financial services, the federal government, online gaming, transportation, telecommunications and energy. GemStone Systems is headquartered in Beaverton, Ore., and has offices in Mountain View, Calif., New York, Tokyo, London and Pune, India.