GemStone Systems, the leading provider of the Enterprise Data Fabric (EDF), announced  that Incisive Media has selected GemStone as the “Best Vendor Grid Solution” for its GemFire software solution at the inaugural Grid Award ceremony. This award highlights GemStone’s continued leadership and success in providing superior solutions to leading financial institutions.

“Gemstone’s GemFire won in the category for Best Vendor Grid Solution by a clear margin among its competitors. Clearly the judges chose GemFire for its outstanding role as a cornerstone technology for today’s financial grids says Phil Albinus special projects editor Waters.

The editorial team of Waters magazine created the Global Grid Awards to highlight the achievements of the men and women who work in the field of high performance computing inside the financial IT arena. The winners of the First Annual Global Grid Awards, or Griddies, were chosen by a panel of three judges who manage and work with grid networks inside of global leading investment firms.

The editors of Waters and its sibling newsletter Dealing with Technology also served as judges. The winners were announced at the Street Grid 2008 exhibition and conference which was hosted by Waters at the New York Marriott Downtown in Manhattan’s financial district in late April.

“We are delighted to receive the Global Grid Awards especially since the winners were chosen by a panel of judges which included representatives from leading investment firms,” said Richard Lamb, president of GemStone Systems. “This recognition is a true testament of our ability to collaborate with our clients and drawing upon the in-depth experience of our employees who constantly strive to exceed client expectations.”

GemFire is an in-memory distributed data management software that provides scalable, extensible enterprise-wide distributed data grid to manage the ever increasing volumes of enterprise data. With mean latency of less than 1-millisecond at 6,000 transactions per second, it not only reduces data access latency without any significant deployment cost but also offers high resiliency data grid with no data loss.

Sourced From: Synergy Public Relations