Credit Suisse is launching an independent company to market an innovative virtual machine management application.
The company, DynamicOps LLC, formed in January 2008, is funded by Credit Suisse’s NEXT II venture group and is located in Burlington, Massachusetts.
Credit Suisse first deployed a virtual infrastructure in 2005, and realised that while virtualisation improved resource utilisation and business agility, it also increased operational complexity.
VRM was initially developed by Credit Suisse’s Global Research and Development Group, headed by Steve Yatko, managing director. The software has been in production for more than two years and manages thousands of virtual desktops and servers at multiple Credit Suisse data centers in four locations worldwide. The software brings a level of product maturity and capability that is not commonly found in many currently available virtual infrastructure management products.
“In the case where self-provisioning for virtualised servers has been deployed, VRM enabled us to reduce our provisioning lead times from weeks to minutes. This has resulted in more efficient server utilisation and lower capital costs. An additional benefit is the dramatic improvement in our ability to respond rapidly to business needs,” says Stephen Hilton, managing director, Enterprise Servers and Storage, Credit Suisse.
“VRM has made desktop virtualisation a ‘win-win’ for Credit Suisse. We are able to improve the user experience through rapid service delivery, while maximising the operational ROI through automation and standardisation,” adds Brad Novak, managing director of end user platforms, Credit Suisse.
DynamicOps is led by a strong management team, headed by Rich Krueger, a proven entrepreneur who was previously an executive vice president at Incipient, a storage virtualisation company. Krueger also held management roles at LightSpeed Software, EMC, and Conley Corporation.
“Forming DynamicOps provides Credit Suisse with the opportunity to realise a return on its software investment, as well as properly form and fund a software organisation that can help meet its current and future technology needs, as we continue to roll out our dynamic data center vision,” says Karl Landert, chief information officer, Credit Suisse.