Today virtualized application platforms vendor GigaSpaces announced it has landed another partnership, this time with financial company SuperDerivatives. SD is using GigaSpaces’ eXtreme Application Platform to enhance the performance of some of its risk management solutions. GigaSpaces is still a relative newcomer to the cloud services industry, and partnerships are very important element for the company’s growth strategy at this stage.

“Our customers need a solution that can handle heavy calculations simultaneously while ensuring performance, scalability and high availability,” says Matty Roter, Director of IT & Operations at SD. “XAP technology combined with our solution gives our clients a clear competitive edge.”

SuperDerivaties have a lot to benefit from the cloud. It processes a great deal of data, and needs a scalable solution to manage massive calculations, and an exchange market for end users to consume all this data.

GigaSpaces has made serious strides to sustain and boost its growth rate, including the launch of latest version of its flagship eXtreme Application Platform (XAP offering). XAP 8.0 brings quite a few new benefits with it, and SiliconANGLE’s News Editor Kristen Nicole interviewed GigaSpaces Director of Product Management Uri Cohen about the launch.

Around the same time, GigaSpaces announced a partnership with cloud-based transaction management software developer CloudTran. Recently, GigaSpaces announced the latest version of its SaaS and PaaS environments cloud-enablement platform, which targets private and hybrid cloud-based solutions.

A company working in the same fields as GigaSpaces is Platform Computing, who also had a big announcement today. The company announced support for Apache Hadoop MapReduce programming model. This move will let Platform Computing customers to scale their shared applications to thousands of commodity server cores, which translates into better performance as well as increased agility.