GemStone Systems and Synechron Partner to Provide Distributed Data Management Solutions for Global Markets

Synechron’s Ability to Leverage GemStone Solutions will enable Clients to Realize Productivity Gains and Cost Savings

Bangalore, India and Beaverton, Ore., May 6, 2008 – GemStone Systems, a leading provider of distributed data management and virtualization solutions, and Synechron, a global IT provider of high-end, customized, business-technology solutions and services today announced a strategic partnership to address key customer pain points. Through the implementation and integration of GemStone® solutions with existing enterprise applications, customers will be able to achieve low-latency, predictable, high-throughput data sharing and event distribution. 

GemStone and Synechron will work in close coordination on several key projects and complement each other’s business domain and technology expertise to deliver turnkey solutions to clients. The partnership will also fully align the power of a combined Global Delivery Model and its accompanying time, cost and productivity benefits via the two firms’ development centers based in India. In addition, the two firms will also conduct cross-training exercises on the technical and business front to nurture techno-domain experts.

Speaking on the occasion Faisal Husain, CEO Synechron commented, “Partnering with GemStone was a strategic move as we saw possible synergies between our two companies. By leveraging the power of GemStone’s proprietary solutions, we’ll be able to provide our clients with scalability in their mission critical systems, improve their operational efficiency as well as provide them with real-time data access.

“As companies look to migrate from legacy systems to newer technologies, Synechron’s ability to access and incorporate GemFire® will enable clients to reduce cycle times and increase access to critical data,” said Juan Menendez, senior vice president of Business Development, GemStone Systems. “Synechron’s blend of industry expertise and product knowledge, coupled with our proven technology will enable our joint customers to realize a faster return on investment and benefit from continuous local support staff. Their geographical presence around the world will compliment our current sales and support efforts across various industries.”

Synechron will implement GemStone’s enterprise solutions across its key BFSI verticals of Capital Markets, Mortgage Banking, and Insurance as well as in certain areas of the Internet Media & Technology domain. GemStone will provide the necessary support and training to enable Synechron to deliver best in class GemFire services.

About GemStone Systems Inc.
GemStone Systems is the leading provider of GemFire Enterprise Data Fabric® (EDF), offering data services solutions for enterprise business architects and data infrastructure managers that are building, enhancing or simplifying access, distribution, integration and management of information within and across the enterprise. Founded in 1982, and with over 200 installed customers, GemStone is recognized worldwide for its unique competency and patented technology in object management, virtual memory architectures, high-performance caching and data distribution technologies.

About Synechron
Synechron is a Global IT Solutions & Services provider with a niche focus on the BFSI (Banking and Financial Services) space with headquarters in New Jersey, global offices in the US, and a state-of-the-art Development Center based in Pune, India. Synechron provides a range of IT solutions with a domain focus in Capital Markets, Insurance, Mortgage Banking and Internet Media & Technology. Services include development, customization, integration, maintenance, support, migration, automation, QA Services and KPO services. For more information visit www.synechron.com.