Primatics Financial

Primatics Financial provides a high-performance risk management platform, used primarily for analysis of mortgage portfolios. Primatics uses XAP to power high-speed Monte Carlo computations on financial portfolios for very large volumes of data, with linear scalability as data volumes and number of calculations increase. Primatics also used GigaSpaces XAP to SaaS-enable their platform, which now runs seamlessly on the Amazon EC2 cloud. Primatics’ Argyn Kuketayev shared the lessons learned from their SaaS-enablement project in his JavaOne presentation: “You need to make sure you use the right tools … You don't want to have to worry about provisioning and reliability. Make sure you have provisioning, failover, monitoring and SLA out of the box.”