Gridwisetech Releases Demo Application for the Financial Sector

New York, NY, August 25, 2007 --( GridwiseTech, the vendor-independent expert in scalable solutions, has released a demo application for the financial sector, integrating a system that allows to distribute computation tasks onto multiple machines with a Web-portal for easy mobile access. The demo presents how to speed up sophisticated finance calculations, like forecasting portfolio Value, effectively, also by means of the smartphone interface. It is available at

The solution presented by GridwiseTech enables to make quick analyses, e.g. Monte Carlo calculations of present and future portfolio value, e.g. monte carlo calculations of portfolio value in future or definition of stocks value in a current time, also outside the main office, keeping all the important data secure on the company's servers at the same time. Thanks to this, risk managers or financial advisors will not only speed up their tasks, thus being more competitive, but also be able to present the outcomes live to the client.

“As a vendor-independent expert we intended to present separate technologies seamlessly working together for the client's benefit. This demo is the tip of an iceberg of possibilities in multi-vendor integration in banking and finance.” - said GridwiseTech's president, Pawel Plaszczak. “The decision on the optimal product highly depends on a customer’s particular requirements. We assist customers in these challenging decisions as well as in the follow-up development and integration of work. If you would like to make use of our unbiased expert knowledge, please use the contact form at”


About GridwiseTech
GridwiseTech is the vendor-independent expert in scalable solutions helping customers in speeding up data processing, removing application bottlenecks and building complete scalable systems. The company introduce modern concepts of Grid, virtualization, service-oriented architecture (SOA) and application-driven portals. GridwiseTech offers management consulting as well as comprehensive technical assistance in integration of multi-vendor components.

The company is present in Europe, Asia and the US, serving a wide variety of clients ranging from Fortune Global 500 companies to small and medium enterprises, to research and government agencies. For more information please visit
Lukasz Wilczynski
+48 516036036