Tuesday, December 7, 2010

Fusion-io Wins Credit Suisse

Salt Lake City-based flash storage provider Fusion-io is reporting today that the firm's products have been adopted by Credit Suisse. According to Fusion-io, the financial services firm is using its ioMemory technology as part of its Advanced Execution Services trading platform. Fusion-io did not disclose the size or financial terms of the win with Credit Suisse, but said its product is being used to maximize the effectiveness of Credit Suisse's low latency trading platform. Fusion-io's flash storage is being used as part of an algorithmic trading service; flash memory is used to replace standard disk drives, improving the performance and speed of computing systems.