Formula Systems (FORTY)

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Virgin Mobile Selects GigaSpaces as a Strategic Middleware Provider

Monday January 23, 9:02 am ET
GigaSpaces Delivers Unparalleled Dynamic Scalability to Core Enterprise Applications

LONDON, England, January 23 /PRNewswire-FirstCall/ -- GigaSpaces Technologies, a fast-growing provider of new generation infrastructure software solutions, today announced that Virgin Mobile has selected its product to act as a middle-tier for its mission-critical order management applications.

Virgin Mobile (LSE: VMOB - News), the UK's leading mobile virtual network operator (MVNO) with more than four million customers, is always at the forefront of adopting cutting-edge technologies. Virgin Mobile has decided to build its high-throughput transactional applications on top of GigaSpaces, in order to address the scalability and performance challenges associated with its continuous growth.

"We were looking for a technology that would enable us to achieve high performance levels and dynamic scalability for our mission critical order management applications," said Julian Browne, Head of Architecture at Virgin Mobile. "GigaSpaces exceeded our performance requirements and enabled us to build a flexible, cost-effective infrastructure that will serve us for years to come."

"We are seeing tremendous demand for new generation infrastructure software solutions in large Telco's across Europe," said Alan Weisleder, VP Sales International at GigaSpaces. "Our solution enables linear scalability on demand, outstanding performance and faster delivery of value to our customers."

"Providing resilient coordination of enterprise services without sacrificing scalability or performance is a technically challenging problem that faces many businesses today," said Steve Colwill, Principal and Founder, PSJ Solutions. "We were delighted to be able help Virgin Mobile adopt, architect and implement a pragmatic solution using the GigaSpaces product."

About Virgin Mobile

Virgin Mobile Holdings (UK) plc, the UK's largest mobile virtual network operator, is majority owned by Sir Richard Branson's Virgin Group and uses T-Mobile's network. Since its launch in November 1999, Virgin Mobile has attracted more than 4 million customers*.

Virgin Mobile employs approximately 1,400 staff at three sites, Trowbridge, London and Daventry, and has an outsourced customer service centre operated by approximately 200 staff in Middlesbrough.

Virgin Mobile's customers were found to be the most-satisfied mobile consumers in the pre-pay sector for two years running in 2005 and 2004, according to the surveys by J.D. Power and Associates. Virgin Mobile is also featured in `The Sunday Times 100 Best Companies to Work For' list 2005 and is part of the FTSE4Good Index. See more at www.virginmobile.com.

About GigaSpaces

GigaSpaces provides infrastructure software solutions that deliver unparalleled dynamic scalability for high-volume transactional applications, without the overhead and complexity inherent in traditional multi-tier development and deployment environments.

Its award-winning solutions have been adopted across multiple vertical industries and are used by companies such as Chicago Mercantile Exchange, Societe Generale, Nortel, Hutchison 3G, FXall and others for mission-critical applications, where the need for extreme performance, reliability and scalability necessitates an alternative to traditional tier-based architectures.

GigaSpaces was founded in 2000 and has offices in New York, London and Israel, it is a privately held company, funded by BRM Capital, Formula Vision and Intel Capital. GigaSpaces is an affiliated company of the Formula Group (NASDAQ: FORTY - News), Israel's largest publicly held IT group. For more information, please visit www.gigaspaces.com

http://biz.yahoo.com/prnews/060123/ukth006.html?.v=46

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