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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

Japans 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 Daiwas internal

applications, ranging from its Compliance Dashboard to back-office

integration systems. With frequent crashes and downtime for the DSAweb

portal, Daiwas former proprietary solution

caused both business and technical issues that threatened

business-critical functions. When Daiwas

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 couldnt

find adequate support for the solution.

It got to the point where we couldnt

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, wed

be down for as long as 90 minutes at a stretch. Our users wouldnt

be able to do what they needed to keep our business running. You cant

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 Alfrescos

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 companys 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, were

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.

For more news, more often, visit www.press.redhat.com.

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

globe. CIOs have ranked Red Hat first for value in Enterprise Software

for four consecutive years in the CIO Insight Magazine Vendor Value

study. Red Hat provides high-quality, affordable technology with its

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.

Forward-Looking Statements

Certain statements contained in this press release may constitute

“forward-looking statements” within the meaning of the Private

Securities Litigation Reform Act of 1995. Forward-looking statements

provide current expectations of future events based on certain

assumptions and include any statement that does not directly relate to

any historical or current fact. Actual results may differ materially

from those indicated by such forward-looking statements as a result of

various important factors, including: risks related to the integration

of acquisitions; the ability of the Company to effectively compete; the

inability to adequately protect Company intellectual property and the

potential for infringement or breach of license claims of or relating to

third party intellectual property; risks related to data and information

security vulnerabilities; ineffective management of, and control over,

the Company’s growth and international operations; adverse results in

litigation; and changes in and a dependence on key personnel, as well as

other factors contained in our most recent Annual Report on Form 10-K

(copies of which may be accessed through the Securities and Exchange

Commission’s website at http://www.sec.gov),

including those found therein under the captions “Risk Factors” and

“Management’s Discussion and Analysis of Financial Condition and Results

of Operations”. In addition to these factors, actual future performance,

outcomes, and results may differ materially because of more general

factors including (without limitation) general industry and market

conditions and growth rates, economic conditions, and governmental and

public policy changes. The forward-looking statements included in this

press release represent the Company’s views as of the date of this press

release and these views could change. However, while the Company may

elect to update these forward-looking statements at some point in the

future, the Company specifically disclaims any obligation to do so.

These forward-looking statements should not be relied upon as

representing the Company’s views as of any date subsequent to the date

of the press release.

LINUX is a trademark of Linus Torvalds. RED HAT and JBOSS are registered

trademarks of Red Hat, Inc. and its subsidiaries in the US and other

countries.

Red Hat, Inc.
Kerri Catallozzi, 919-754-4268
[email protected]
or
SpeakerBox

Communications for Red Hat
Stephanie Stadler, 703-287-7819
[email protected]

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Jordan Taylor

Jordan Taylor is Sr. Editor & writer from San Diego, CA. With over 20 years and 2650+ articles edited rest assured your Press Release will see traction.

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