Gresham Computing has signed a deal with GigaSpaces Technologies to use its virtualised and scalable eXtreme Application Platform as the infrastructure layer to support its transaction and cash management solutions.

XAP is an end-to-end platform that brings together an in-memory data grid, application processing and messaging services, delivering an engine that can manage terabytes of data with low latency performance and higher control. The ability to continuously scale on demand for its clients' transaction businesses, which can fluctuate from one to 100 million transactions per day, was the key attraction for Gresham, alongside strong service level agreements and GigaSpaces' client list which includes Morgan Stanley and NYSE.

"We needed a technology that would not only support the unique scaling and reliability needs of high-speed, transaction-based processes, but it also had to be market-proven," said Neil Vernon, development director at Gresham Computing, when discussing the deal.

"Due to the fact that companies like Morgan Stanley and the NYSE already depend on GigaSpaces, our customers are instantly comfortable with the technology," he added.