Adding value, alleviating pressures and addressing complex needs of its financial industry customers
SAN JOSE, Calif., April 2, 2019 – Violin® Systems LLC today announced it has been accepted for membership in the STAC Benchmark Council, a group including some of the world’s leading financial institutions and elite technology providers that serve this demanding market.
The Council is a large group of technology experts that seeks to reduce the considerable time and effort the finance industry invests in evaluating technology solutions by developing benchmark standards and enabling dialog. Facilitated by the Securities Technology Analysis Center (STAC®), the Council includes over 350 financial institutions, ranging from the largest global banks, exchanges, and asset managers, to hedge funds, proprietary trading shops, and vendor organizations.
Violin Systems is popular in banking, finance, and insurance industries because its solutions support critical needs such as advanced modeling and early fraud detection to reduce risk, improved regulatory compliance with less impact on operational costs, and real-time analysis to capture new market opportunities and ensure customer experience. Violin’s extreme performance storage platforms with integrated enterprise data services allow mixed workloads without compromising performance, efficiency or business continuity. This allows users to consolidate mission-critical applications on a single platform, which simplifies the infrastructure and ensures a low total cost of ownership with a high return on investment. Its products are trusted by thousands of worldwide customers including 125 of the Fortune 500.
“We are pleased to welcome Violin to the STAC Benchmark Council,” said Peter Lankford, STAC’s Founder & Director. “The problems on which Violin focuses—the infrastructural and operational challenges of handling big data and fast data —are increasingly important challenges for many financial firms.”
“Financial institutions face enormous pressures and have complex needs, and the STAC community and Benchmark Council provides so much value for these environments,” said Gary Lyng, Violin Chief Marketing Officer. “As a technology supplier these customers rely on to accommodate both massive data growth and extreme performance for transactions, trading, analytics and more, we add our voice to this professional community to collaboratively address the challenges, innovate solutions and accelerate consistent and predictable service levels.”
Along with developing benchmarks for best practices, the STAC Benchmark Council’s mission includes facilitating substantive dialog among members about important engineering challenges and the latest solutions for them. Its semi-annual STAC Summits™ in major financial centers around the globe attract the highest-caliber attendees in the financial industry, who gather to discuss research in areas like big data, risk management, backtesting, AI and Machine Learning/Deep Learning, public/private cloud storage and compute.
Violin’s extreme performance platforms enable a dramatic infrastructure cost savings and cost avoidance, typically 40 percent with extremely low latency and advanced data services. Consolidated hardware in the data center means less power and cooling requirements, less management and a reduced need for the number of software and application licenses. With dramatic improvement in application performance, there is an equally dramatic improvement in the experience of the applications’ end users, resulting in improved customer satisfaction. Combined with Violin’s performance advantages, customers are able to realize dramatic competitive advantages while simultaneously saving money.
About Violin Systems
Violin Systems provides extreme-performance enterprise storage at the price of traditional primary storage to help customers maximize the value of their business-critical data in ways never thought possible. Offering the market-leading consistent-lowest-latency with highest IOPs, plus extensive data services, including data-protection, business continuity, and data reduction, Violin solutions enable businesses to improve their application performance and reliability while raising business service levels and reducing costs. With immediate access to information needed to achieve higher revenue and increase customer satisfaction, Violin enables data-driven organizations to drive critical applications that support operations across their enterprise while easily scaling and extending their competitiveness. That’s why Violin is the company enterprise customers depend on for unmatched extreme performance and reliability to drive their business data without compromise.