Platform Symphony is the software solution that delivers application performance allowing Financial Services organisations to respond faster to industry demands and market volatility. Fermat's products are focused on assisting Financial Services organisations reduce the risk on day-to-day business decisions. The synergies of this partnership will enhance the return on investment for the firms that use both companies' products.

All existing and new Fermat products, whose calculations require high volume and multi-scenario simulations, will be integrated with Platform Symphony. This includes the enterprise wide usage of existing modules of Fermat ECAP, ALM (for Earnings at Risk), Market Risk, Value-at-Risk (VaR) and Expected Position Exposure (EPE). In addition, insurance companies will benefit from the application of HPC within Fermat’s Solvency II compliance product.

"Companies in the Financial Services industry are continuously striving to remain on the competitive edge. Many institutions see grid computing as a decisive technology", stated Thierry Vercueil, CTO, Fermat. "Since Fermat's products are used enterprise-wide, compatibility with Platform Symphony will help customers achieve results more quickly by offering tremendous calculation efficiency to risk and performance management products. Our goal is to deliver additional value to our joint customers. It is only natural to collaborate with key technology providers to maintain the competitiveness of our products as their usage intensifies in depth and scope."