Numerix, a provider of analytics software for risk management and derivatives valuations, announced Monday plans to enable more of its offerings for use with Microsoft's cloud platform, Windows Azure. Thsee will include Numerix Leading Hedge, an asset and liability and management solution for variable annuities and equity index annuities as well as the forthcoming releases of Numerix CrossAsset.
Windows Azure and Windows HPC currently power Numerix's CrossAsset XL and Portfolio solutions, which enable users to "burst" Excel calculations on the cloud and distribute them across a grid or a combination of both private and public cloud compute environments, the company said in an announcement. Cloud bursting is a term used to describe when an individual "bursts" additional workload to an external cloud on an on-demand basis.
Numerix is a Microsoft Global Alliance Partner.
"Looking ahead, cloud enablement will be integral to our new product development efforts," said Steven R. O'Hanlon, president and COO, in a statement.
