6/24/2003 - TimesTen, Inc., a provider of infrastructure software for real-time event processing, announced the immediate availability of TimesTen® version 5 for Intel® Itanium® 2 processor-based servers running the Red Hat Enterprise Linux AS operating system.
Benchmarks conducted on an HP Server rx5670 with four 900MHz Itanium 2 processors running the TimesTen Real-Time Event Processing System achieved the highest ever 4-way event processing performance numbers in TimesTen's history.* For read-intensive applications like reference data matching, intelligent order routing, and subscriber policy management, this configuration completed over 180,000 read operations per second—a 35 percent gain over the next highest 4-way result on any platform supported by TimesTen.
"TimesTen's memory-optimized architecture complements Itanium 2-based servers with their 64-bit memory addressing and high CPU-to-memory bandwidth. The Itanium 2 processor design anticipated the move toward powerful yet affordable computing, with software such as TimesTen that takes advantage of the dramatic advances in processor architectures in recent years. TimesTen's benchmark numbers reinforce the world-class performance of Itanium 2-based systems," said Mike Graf, product line manager, Intel Itanium processor family.
Among the real-time markets serviced by TimesTen, capital markets firms have shown the strongest interest in migrating their trading system infrastructures to Itanium 2-based servers, such as those from HP. Faced with a significant decline in securities trading revenue, financial firms are consolidating systems and automating more of their trading operations. Intel-based servers running TimesTen have shown a 10 to 1 price/performance advantage over incumbent systems, with ample performance to power intelligent trading strategies.
"With Intel and HP behind the Itanium 2 processor, it's increasingly becoming a significant server platform," said Jim Groff, CEO, TimesTen, Inc. "It is the ideal foundation for delivering the most intensive, real-time event processing applications," added Groff.
"The increased performance of TimesTen's software on HP's Itanium 2-based servers running Linux demonstrates the performance benefits HP's Itanium 2-based solutions afford customers," said Brian Cox, worldwide product line manager, HP Business Critical Systems. "HP is pleased to be working with TimesTen to offer customers the performance and scalability based on our combined offerings," added Cox.
About the TimesTen Real-Time Event Processing System
The TimesTen Real-Time Event Processing System is infrastructure software that enables very high performance event-processing applications to capture, store, use and distribute information in real-time, while preserving transactional integrity and continuous availability. Although built on a unique internal architecture that's optimized for memory-resident operations, the interfaces to TimesTen are all standards-compliant, delivering superior price/performance, flexibility and carrier-grade availability.
About TimesTen, Inc.
TimesTen provides infrastructure software for real-time event processing—a fundamental requirement of time-critical applications used by Wall Street firms and global telecom providers. Systems built with TimesTen inside are instantly responsive, highly reliable, and able to process massive transaction volumes. Cisco, Lehman Brothers, Nokia, and Sprint are among the customers who rely on TimesTen's software and expertise to create a unique advantage in a rapidly changing market. For more information, visit www.timesten.com.
* Benchmark Source: 900MHz 4-CPU HP rx5670 Itanium 2 (McKinley); L2 cache 256KB; L3 cache 1.5MB; 10K Ultra320 SCSI disk; 1 GB RAM; RedHat Advanced Server 2.1
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