Prometeia SpA: Consulting and Software Firm Expands Prospects With Lower-Cost, Scalable Solution
Prometeia SpA, a consulting and software solutions firm, wanted to offer financial services customers a stochastic prepayment risk engine. To better serve its customers, Prometeia wanted to add a new module, which it calls the Stochastic Prepayment Risk Engine, or SPRING, that would use Monte Carlo simulation to calculate interest rate - dependent probabilities. It used "Burst to Windows Azure" capabilities that combine the compute power of the Windows HPC Server 2008 R2 SP1 operating system with the scalability of the cloud. Prometeia now can provide customers with a security-enhanced, affordable solution that scales as needed during times of peak demand.