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IBM To Open Cloud Lab For Wall Street Clients 2013.04.08

Armonk, N.Y., USA - April 08, 2013 - IBM (NYSE: IBM) today announced that it plans to open a center of excellence in New York City to help financial services firms adopt open-source virtualization technologies. The KVM Center of Excellence in New York is the second such center established by IBM in the past five months. The first was opened in December in Beijing. The center will help clients, software engineers and business partners to quickly leverage open-source virtualization to build cloud-computing platforms. KVM Center to help financial firms use virtualization in pursuit of clouds.

In a speech to senior business leaders at the Council on Foreign Relations, IBM Chairman and CEO Ginni Rometty outlined a new model for corporate leadership in which data would become the basis for competitive advantage, on March 7, 2013 in New York City.
For public and private sector organizations to thrive, she said, they will need to harness technologies such as big data, social networks and mobile computing to change how they develop and market products and services.
Courtesy of IBM / Jon Simon / Feature Photo Service for IBM
 

Armonk, N.Y., USA - April 08, 2013

IBM (NYSE: IBM) today announced that it plans to open a center of excellence in New York City to help financial services firms adopt open-source virtualization technologies.

The KVM Center of Excellence in New York is the second such center established by IBM in the past five months.
The first was opened in December in Beijing.

The center will help clients, software engineers and business partners to quickly leverage open-source virtualization to build cloud-computing platforms.

IBM Chairman and CEO Ginni Rometty (center) and former Secretary of State Henry Kissinger (left) jointly presented former National Security Advisor Brent Scowcroft with the National Defense University Foundation’s first International Statesman and Business Advocate Award for his lifetime of service to his country and his support of the free enterprise system, at the Ritz-Carlton Hotel in Washington, D.C., on March 13, 2013.
Courtesy of IBM / Nick Khazal / NDUF
 
Kernel-based Virtual Machine (KVM) is virtualization software designed for Linux and Windows.

Virtualization is used for server and desktop consolidation and cloud computing.

KVM is an alternative to proprietary virtualization software and can help companies realize significant cost savings and avoid vendor lock-in.

According to data from IDC, the worldwide virtual-machine software market was on track to grow to over $3.6 billion in 2012, up from $3.0 billion the year before, a 19.3% year-over-year growth.
(From Worldwide Virtual Machine Software 2012-2016 Forecast, IDC #235379, June 2012).

KVM is growing at 150% year over year in terms of unit shipments, with over 100,000 servers already using it worldwide for virtualization.
(From IDC Worldwide Quarterly Server Virtualization Tracker, March 2013).

IBM has opened the first-ever KVM Center of Excellence in Beijing, China.
IBM executives reveal the opening of the first KVM Center of Excellence - from left: Jean Staten Healy, Kelly Beavers, Dominic Tong, Josephine Cheng.
Beijing, China, November 28, 2012.
Courtesy of IBM
 
“Wall Street is at the forefront of the adoption of Linux, and financial clients are now leading the way on adopting KVM in order to build a flexible computing infrastructure to meet business demands,"
said Jean Staten, director of cross-Linux strategy at IBM.
"As the industry evolves to meet new demands from customers and regulators, these enterprises will need expertise on how to build open standards-based clouds.”

Jean Staten Healy, Director of Cross-IBM Linux, IBM Systems & Technology Group, Systems Software.
Courtesy of IBM
 
The new IBM KVM Center of Excellence will offer technical training and hands-on experience building enterprise KVM solutions
.

Resources will also be available to help line-of-business professionals understand the benefits KVM offers.

KVM-based solutions from IBM, Red Hat, SUSE and other IBM Business Partners will also be showcased at the Center.

KVM in action
Kernel-based virtual machine (KVM) technology is the most recent step in the evolution of open source, x86 virtualization technology.
KVM turns the Linux kernel into a bare-metal hypervisor using the hardware virtualization support built into Intel and AMD processors.
This means that KVM can use Linux to do many of the things that a hypervisor needs to do, like scheduling tasks, managing memory and interacting with hardware devices.
KVM creates virtual machines as Linux processes which can then run either Linux or Windows as a guest operating system, and using a modified version of another open source module – QEMU – to provide I/O device emulation inside the virtual machine.
KVM is thus able to efficiently and effectively run both Windows and Linux workloads in virtual machines – and also Linux applications natively alongside if required.
Courtesy of IBM
 
The KVM Center of Excellence is part of the IBM Wall Street Center of Excellence
, which focuses on low latency and high performance technologies for financial markets clients
.

For more information or to arrange a visit, please contact the IBM Wall Street Center of Excellence.
http://www-03.ibm.com/systems/services/briefingcenter/wscoe/  

More information on IBM and its work with KVM is available
at: http://www-03.ibm.com/systems/virtualization/kvm/  

First-hand customer experiences with KVM are available
at: http://www-03.ibm.com/systems/virtualization/kvm/stories.html  


Contact information

Michael Corrado
IBM External Relations
1 (914) 766-4635
mcorrado@us.ibm.com  


Source: IBM

http://www-03.ibm.com/press/us/en/index.wss  



ASTROMAN Magazine – 2013.04.07

ICM's New Blue Gene Supercomputer Supports The Largest Biomedical Research Initiative In Poland

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1437  


ASTROMAN Magazine - 2013.03.17

IBM Opens Lab to Bring R&D to the CEO

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1426  


ASTROMAN Magazine - 2013.02.24

Deutsche Telekom and IBM Collaborate to Help Build Smarter Cities

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1413  


ASTROMAN Magazine - 2013.01.18

IBM Research Team Wins Coveted Feynman Prize for Advancing Scanning Probe Microscopy

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1391  


ASTROMAN Magazine - 2012.12.15

Made in IBM Labs: IBM Lights Up Silicon Chips to Tackle Big Data

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1367  


ASTROMAN Magazine - 2012.12.08

IBM Completes Acquisition of Kenexa for $1.3 billion

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1362  


ASTROMAN Magazine - 2012.11.18

IBM Makes $4 Billion in Financing Available for Business Partners; Announces New Mobile App to Speed Access to Credit within Minutes

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1352  


ASTROMAN Magazine - 2012.11.11

IBM Delivers New Software to Help Organizations Build Smarter Products

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1347  


ASTROMAN Magazine - 2012.10.07

IBM Completes Acquisition of Texas Memory Systems

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1325  


ASTROMAN Magazine - 2012.09.29

Virginia M. Rometty Elected IBM Chairman

http://www.astroman.com.pl/index.php?mod=magazine&a=read&id=1319  



ASTROMAN magazine


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