SALT LAKE CITY ? Xcelerit, makers of software to extract maximum performance from High-Performance Computing (HPC) hardware, have been recognised with a prestigious award from the HPC Wire news and information portal. The award for ?best use of HPC in Financial Services? is given to companies who undergo a rigorous selection process involving a panel of editorial and executive staff, recognised HPC luminaries and contributing editors from across the industry.
The award was conferred on Xcelerit for both their Xcelerit SDK product and also the Xcelerit Quant extension targeted specifically at financial services applications. Accepting the award on behalf of Xcelerit, the company?s CEO Hicham Lahlou commented ?This award is a powerful endorsement of Xcelerit?s underlying technology and our strong focus on applications in the financial world?.
Xcelerit CEO Hicham Lahlou receiving the award from Tom Tabor, CEO Tabor Communications
The company?s customers are drawn from a list of Financial Services companies worldwide who perform complex risk and pricing calculations that demand heavy computational capability. As numerical methods get ever more complex and regulatory requirements become more severe, there is a huge pent up demand for this kind of analysis. With just a few small modifications to users existing code, the Xcelerit SDK allows that code to take full advantage of sophisticated HPC hardware like GPUs.
Programmer productivity is one of the major selling points according to Xcelerit?s Lahlou, ?Financial institutions come to us with a clear need for increased computation, but they don?t want to retrain all of their mathematicians and programmers to deal with new technology such as GPUs. Our software lets them stay focussed on the high level algorithms and our tool deals with delivering the computational performance?, he said.
Xcelerit has had a meteoric rise to success from a University-based start-up just two years ago, it has moved to the 2nd generation of its SDK and released companion software ?Xcelerit Quant? specifically targeted at the Financial Services industry. The company?s offering enables fast deployment of HPC hardware and appeals to companies that want to dramatically lower their Total Cost of Ownership (TCO) and to follow a green agenda.
Today?s prize comes hot of the heels of an award received earlier this year from PRACE, a European consortium of top Universities and companies which, in April, awarded Xcelerit their prize for the most innovative European HPC application. Xcelerit is clearly hitting the right note on both sides of the pond.
More information on the awards can be found at the HPCwire website: http://www.hpcwire.com
About Xcelerit
Xcelerit is a leading software provider of cross-platform acceleration tools for financial services, engineering, and research. Xcelerit solutions allow domain specialists to unlock the performance of high-end processors (multi-core CPUs and GPUs) while preserving productivity. The company is headquartered in Dublin, Ireland.
For more information visit: http://www.xcelerit.com.
About HPCwire
HPCwire is the #1 news and information portal covering the fastest computers in the world and the people who run them. With a legacy dating back to 1986, HPCwire continues to be the publication of choice globally by business and technology professionals from academia, government, science, and industry who are interested in high performance and computationally intensive computing. For topics ranging from the latest developments in systems, software, tools and applications, to middleware, networking and storage technologies, HPCwire delivers it all and remains the HPC communities? most reliable and trusted resource.
For additional information, visit: http://www.hpcwire.com
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