GigaSpaces Platform is the first commercial implementation of JavaSpaces and first clustered space implementation with flexible clustering policies, including SSI.

Version 3.2 introduces the first JavaSpaces-based distributed caching implementation, which can be accessed using the rich JavaSpaces API and the standard Java Map interface. Existing JavaSpaces applications benefit transparently, without changing a single line of code, boosting read performance by an order of magnitude.

New York, NY, March 2, 2004 - GigaSpaces a leading provider of Grid-based infrastructure for real-time business applications announced today the general availability of its GigaSpaces Enterprise Platform release 3.2.

Specially suited for large, intensive real-time distributed transaction processing environments, the new GigaSpaces release introduces the first distributed-caching implementation based on clustered JavaSpaces.

C24 has partnered with GigaSpaces to create a scalable, Grid based matching and reconciliation engine for financial services.

GigaSpaces, a leading provider of grid-based infrastructure for real-time business applications, announced today that Patsystems (AIM: PTS), a leading global provider of high performance trading technology, has selected the GigaSpaces Grid infrastructure as a key server component in its new trading platform, "TradeMark".

GigaSpaces Founder and CTO Mr. Nati Shalom has been chosen to present on the benefits of grid architecture for real-time transaction processing at the SIA Technology Management Conference ^ the annual management program designed expressly for individuals within securities firms who have management responsibility for technology-based support activities.

Mr.

GigaSpaces Technologies, developer of the first grid server for real-time business applications, today announced the availability of its Hibernate Cache Plug-in.

Hibernate is the leading database ORM open source project. The GigaSpaces Hibernate Cache Plug-in combines the value of the GigaSpaces grid-based cache and Hibernate's O/R mapping.

New York, July 14, 2004 - Matrix today announced that it will distribute the GigaSpaces Grid Server for real-time business applications.

GigaSpaces, a Formula Group company, specializes in developing grid infrastructure for computing environments requiring high-speed and real-time data or transaction processing, especially for companies in the telecommunication and financial services markets.

New York, NY and Bedford, Mass., September 20, 2004 - Two market leaders in grid infrastructure solutions, GigaSpaces and Voltaire, today announced the formation of a new partnership with the aim of eliminating the network performance bottleneck in enterprise grid solutions. The combined solution provides a high speed messaging infrastructure leveraging GigaSpaces' grid-based solution for real time business applications and Voltaire's InfiniBand interconnect solutions for high performance grid computing.

New York, NY, December 8, 2004 - GigaSpaces Technologies, Inc., a leader in high-performance distributed computing infrastructure today announced the immediate availability of the GigaSpaces Enterprise Application Grid, Version 4.0. This new version offers major enhancements over previous versions; adding powerful data grid, messaging and parallel processing components and delivering in-memory levels of performance as well as high reliability to transactional, data intensive, business-critical enterprise applications.