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 Credit Suisse Legal Notices ### |