Acclaimed financial services solutions provider moves virtualized environment onto xStream to increase flexibility and reliability
SAN FRANCISCO — (BUSINESS WIRE) — October 11, 2012 — Virtustream, Inc., the leading enterprise cloud solutions provider, today announced that Open Solutions Inc., the leading provider of collaborative enterprise technology to community-based financial institutions worldwide, has chosen to build and deploy its development environment on xStream, Virtustream’s enterprise class cloud solution. Open Solutions’ decision to move its existing virtualized systems to the cloud will provide the increased flexibility and agility needed to enhance the performance of its software solutions so that it can better serve the financial services community with its radically different technological innovations.
“Open Solutions is dedicated to providing community banks and credit unions with the most powerful and innovative solutions possible. To do so, we require a development environment that offers unparalleled flexibility, security and speed of deployment – that is why we chose xStream,” said Michael Calabrese, director of corporate systems infrastructure at Open Solutions. “And because Open Solutions enjoys a long-standing and successful partnership with Virtustream on projects including active disaster recovery for our internal corporate production systems, we are confident in Virtustream’s ability to deliver.”
For Open Solutions, the flexibility, agility and cost-savings Virtustream offers distinguished the company from other cloud solutions providers. xStream can easily support dozens of copies of the same systems running simultaneously, enabling developers to work separately on the new systems without interference. And since customers are only billed for what they use, Open Solutions estimates that it will be able to reduce costs by migrating their development systems to xStream. xStream will provide initial capacity supporting hundreds of servers and tens of terabytes of high-performance storage, with scalability to thousands of servers and hundreds of terabytes. The infrastructure is easily accessible to any number of developers at any given time.
“The move by Open Solutions to select Virtustream to advance its developer environment is a testament to the strong relationship we have built with them over the past year,” said Rodney Rogers, chairman and chief executive officer of Virtustream. “We are pleased to provide Open Solutions with a flexible and reliable solution that can keep pace with their aggressive, ground-breaking development initiatives.”
The Virtustream xStream cloud platform delivers an innovative approach to private, virtual private and hybrid clouds, enabling customers to deploy mission-critical applications in the cloud, backed by application SLAs. Powered by Virtustream µVMTM technology, xStream delivers enterprise-grade security and compliance, multi-tenant efficiency, application performance SLAs and consumption based charging for both legacy and web-scale mission-critical applications.
About Open Solutions Inc.
Open Solutions Inc.® helps community-based financial institutions around the world enrich their local economies by providing innovative technologies and insights that enable them to operate more profitably, efficiently and collaboratively.
Industry pioneers, Open Solutions revolutionized enterprise technology with DNA™, the first open, relationship-centered core banking platform built for global collaboration. This radically different approach to enterprise technology enables banks and credit unions around the world to leverage the power of community through DNAappstore™, the first-ever collaborative marketplace for user-created core enhancements.
Extending the power of DNA further, Open Solutions offers a full range of complementary software solutions for payments, item processing, distributed capture, internet banking, mobile banking, CRM, business intelligence, loan origination, financial accounting, account analysis, wealth management, digital document and interactive voice response. It also offers complete hardware solutions, plus independent industry insight and guidance from Raddon Financial Group. For more information, visit Open Solutions at www.OpenSolutions.com.
About Virtustream
Virtustream is a leading cloud innovator offering enterprise class cloud solutions for enterprises, governments and service providers. Virtustream simplifies moving complex IT to the cloud - whether private, public or hybrid – while delivering the full economic and business benefits of the cloud. Virtustream offers xStream: a secure, high availability, enterprise class hybrid cloud solution, delivering application level SLAs for mission critical applications (SAP, Oracle, Microsoft and thousands more). xStream is available as software for existing data centers and as a managed service from Virtustream's cloud – all backed by professional services to design, migrate, and manage clouds. Virtustream offers xStream worldwide; owns data centers in the U.S. and EMEA; operates an international Cloud Exchange; has offices in San Francisco, New York, London, Washington D.C., Atlanta, Toronto and Dublin and has partners in Asia and China.