Date Added: Sep 2010
A leader among its banking peers in creating shareholder value, Wachovia Corporation (NYSE: WB) is one of the largest providers of financial services to retail, brokerage and corporate customers. Wachovia determined it needed a better infrastructure to support the significant increases in trading volume and reduce time-to-results of risk reports. To meet the traders' and risk managers' requirements, the bank decided it needed to either purchase additional hardware or implement a distributed computing solution. To master these needs Wachovia chose TIBCO Software. Wachovia deployed GridServer. The grid platform has been deployed over several hundred processors to maximize cross-platform resources, including under-utilized and intermittently available CPUs running on Sun Solaris and Windows.