Credit Suisse takes stake in Java server supplier

Financial services giant Credit Suisse has taken a stake in Azul Systems and purchased its platforms which can create pooled Java server environments.

Financial services giant Credit Suisse has taken a stake in Azul Systems and purchased its platforms which can create pooled Java server environments.

The California start-up sells hardware that improves the productivity of systems running Java application server technology.

Credit Suisse will use the technology in its datacentres. Alan Freudenstein, Credit Suisse managing director, said, “The fact that Credit Suisse has made a significant investment in Azul Systems demonstrates our belief in, and support of, the kinds of solutions that Azul is bringing to companies.”

"The financial services industry is characterised by some of the most demanding IT shops around the globe," said Stephen DeWitt, chief executive officer of Azul Systems.

"We are proud to be partnering with Credit Suisse as we bring this new model to Wall Street, and look forward to working closely with other customers of this class to bring significantly greater capabilities to their operations while at the same time increasing data centre profitability," said DeWitt.

It has not been disclosed how much Credit Suisse has invested in Azul Systems.

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