NEW YORK -- Credit Suisse announced today that it 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 Suisses NEXT II venture group and is located in Burlington, Massachusetts.
Credit Suisse first deployed a virtual infrastructure in 2005, and realized that while virtualization improved resource utilization and business agility, it also increased operational complexity.
VRM was initially developed by Credit Suisses 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 virtualized servers has been deployed, VRM enabled us to reduce our provisioning lead times from weeks to minutes. This has resulted in more efficient server utilization and lower capital costs, explained Stephen Hilton, managing director, Enterprise Servers and Storage, Credit Suisse. An additional benefit is the dramatic improvement in our ability to respond rapidly to business needs.