Daiwa Securities America Improves Performance and Reduces Costs with JBoss Solutions
2008-07-14 07:00:00
Daiwa Securities America Improves Performance and Reduces Costs with JBoss Solutions
Large Japanese Securities Brokerage Migrates from Proprietary
Solutions to JBoss Enterprise Application Platform and JBoss Enterprise
Portal Platform
RALEIGH, N.C.–(EMWNews)–Red Hat (NYSE: RHT), the world’s leading provider of open source
solutions, today announced that Daiwa Securities America Inc., one of
Japan’s largest securities brokerages with a
focus on sales and trading of Japanese and U.S. Equities and
fixed-income instruments, financial futures and investment banking, has
migrated from proprietary solutions to JBoss Enterprise Application and
Portal Platforms. As a result, Daiwa has cut application development
time in half, dramatically improved application performance and saved
over $300,000 in licensing and hardware costs.
In 2006, Daiwa Securities America faced issues with the internal portal
that 250 of its employees depended on to access the applications
necessary to execute on their daily responsibilities. The portal, called
DSAweb, supports 120 of Daiwa’s internal
applications, ranging from its Compliance Dashboard to back-office
integration systems. With frequent crashes and downtime for the DSAweb
portal, Daiwa’s former proprietary solution
caused both business and technical issues that threatened
business-critical functions. When Daiwa’s
previous proprietary application server released a new version with
much-needed functionality, it provided further frustrations for Daiwa
because it had a large number of bugs that delayed application
time-to-market. In addition, Daiwa couldn’t
find adequate support for the solution.
“It got to the point where we couldn’t
keep the server up for more than a week at a time,”
said Tom Cordova, senior vice president, Information Technology at Daiwa
Securities America, Inc. “When it crashed, we’d
be down for as long as 90 minutes at a stretch. Our users wouldn’t
be able to do what they needed to keep our business running. You can’t
get more mission-critical than that. When we upgraded our proprietary
solution and faced issues, the vendor suggested we needed to purchase
additional hardware and software licenses to solve the problems we were
having. We thought this was outrageous, and it pushed us to find another
solution.”
With some previous experience with JBoss solutions, Daiwa first
downloaded a free version of the JBoss.org Portal project. Recognizing
the mission-critical nature of the DSAweb portal, Daiwa quickly
purchased a subscription to the JBoss Enterprise Portal Platform to
benefit from the stability and reliability of an enterprise-class
platform including support, patches and updates.
Over the course of the next year, Daiwa migrated its 120 DSAweb
applications to JBoss and developed and went live with 80 new
applications. In addition to the Portal Platform, Daiwa also uses the
JBoss Rules framework to embed alerts into portal applications, has
incorporated the caching functionality of the JBoss Enterprise
Application Platform to seamlessly and securely share information across
applications and uses the message queuing functionality also included in
JBoss Enterprise Application Platform. With Alfresco’s
open source content management system, it additionally provides its
employees with single sign-on access.
Since migrating to JBoss solutions, Daiwa has reduced costs and improved
performance dramatically. Daiwa saved $300,000 by avoiding software
licensing and hardware expenses that were demanded by its previous
solution. The company’s developers are also
now able to compile and roll out new applications in seconds, rather
than in the 15 minutes required previously. With JBoss solutions, Daiwa
employees are more productive with faster portal application loading
time, developer productivity has increased with the ease of development
on open source solutions and JBoss support from Red Hat has been fast
and reliable.
“With JBoss, we’re
a much more agile company,” said Steve
Dunstan, enterprise systems architect and senior vice president,
Information Technology at Daiwa Securities America, Inc. “Today,
if the business needs a new application, we can deliver it immediately.
If our portal were to go down today, it would be catastrophic. JBoss
Enterprise Application and Portal platforms have been extremely reliable
and stable. JBoss is a trusted, worry-free solution that helps us sleep
better at night.”
Daiwa has recently begun a project to develop Web 2.0 applications and
is utilizing a clustered server environment that will be monitored by
JBoss Operations Network.
For more news about Red Hat, visit www.redhat.com.
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About Red Hat, Inc.
Red Hat, the world’s leading open source solutions provider, is
headquartered in Raleigh, NC with over 50 satellite offices spanning the
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operating system platform, Red Hat Enterprise Linux, together with
applications, management and Services Oriented Architecture (SOA)
solutions, including JBoss Enterprise Middleware. Red Hat also offers
support, training and consulting services to its customers worldwide.
Learn more: http://www.redhat.com.
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