Slib, a software publisher and Application Services Provider for the European financial services industry, has contracted IBM to help overhaul its IT infrastructure.
Slib has signed for the IBM Power 770 system equipped with the Power7+ processor to help it securely process an estimated 15 million stock market orders this year.
Big Blue says that its system is engineered with the latest data security and privacy technology, easily integrates with Slib's cloud environment, and automatically ramps up processing performance to meet extreme financial market workloads including big data and analytics.
Philippe Cognet, CEO, Slib, says: "IBM Systems technology helps our company guarantee the highest service levels for our clients, giving us a competitive advantage over other companies that do not invest in innovation. Moreover, the built-in scalability and flexibility of the new Power Systems servers allow us to commit with new clients under very short deadlines."