This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Magic Software Establishes Technology Partnership With GigaSpaces

Stocks in this article: MGIC

OR YEHUDA, Israel, April 17, 2013 /PRNewswire/ -- Magic Software Enterprises Ltd.  ( NASDAQ: MGIC ), a global provider of  software platforms  for  enterprise mobility cloud applications , and  business integration , announced today that it has established a technology partnership with  GigaSpaces Technologies , a pioneer of next-generation application and cloud enablement platforms for business-critical applications.

The partnership with GigaSpaces upholds Magic's commitment to provide its customers with future-ready solutions, providing optimal performance in light of increasing demands for big data, cloud computing, and the exponential growth of transactions as enterprises mobilize their business processes.

"We are excited to integrate GigaSpaces' XAP in-memory computing (IMC) technology into Magic's technology stack. By combining our technologies, we will enable our customers to be cloud-ready and enjoy the benefits of high performance, scalability and availability that can be achieved with in-memory computing technology, all with a seamless migration effort and virtually no learning curve," said Eyal Pfeifel, CTO at Magic.

"We are happy to join forces with a visionary partner, such as Magic, that recognizes the value that in-memory computing brings to addressing current and forthcoming IT challenges," said Adi Paz, EVP of Business Development & Marketing at GigaSpaces. "Magic is one of a growing number of software companies who are using in-memory computing technologies inside their products. The ' in-memory computing inside ' approach enables their users to benefit from IMC advantages with minimal impact on their existing applications and skills."

Gartner's Top 10 Technology Trends, 2013: In-Memory Computing Aims at Mainstream Adoption report published January 31, 2013 states, "Increasing use of in-memory computing (IMC) application infrastructure technologies as enablers inside multiple types of software and hardware products will result in rapid IMC adoption by mainstream, risk-averse IT organizations."

About GigaSpaces Technologies

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs