October 20th, 2023: Lyvia Group, one of Europe’s largest B2B providers of software services and data-driven technologies, announces today a partnership with GigaSpaces, a global pioneer in the in-memory computing domain and the company behind Smart DIH – one of the world’s first out-of-the-box Digital Integration Hubs.
Lyvia is a pan-European group in the business-to-business tech and software services sector, with around 1,500 dedicated professionals. Over the past few years, GigaSpaces has been working closely with Lyvia, winning new business, and delivering its technologies to companies in Sweden such as Avanza Bank, Folksam, Levler, and SEBx. The new partnership agreement with Lyvia is expected to replicate this success outside of Sweden, significantly increasing the exposure of GigaSpaces’ solutions to enterprises and large organizations across all our Europe.
We’re currently witnessing a digital transformation and AI rush, that forces many organizations to rethink their data architecture and how it impacts their business strategy”, says Ola Stafström, Lyvia’s Head of Growth. “This growing appetite for high-performance data management solutions is the base for our partnership with GigaSpaces, alongside the successful track record that this company has had with companies in Sweden so far”.
GigaSpaces offers an ultra high-performance in-memory solution that ensures smooth and reliable data delivery to front-end applications, even when faced with extremely high traffic volumes and demand peaks. The company’s flagship product, Smart DIH, is an operational data hub that powers real-time modern applications, simplifying the process of accessing organizations’ internal data sources.
Companies today tend to rely on multiple types of systems to store their data – each having its own configuration and data flows to front-end applications. Smart DIH breaks down these data silos by replicating all the organization’s data into a unified data layer that is highly accessible and always available to front-end applications. This enables organizations to provide their customers and internal stakeholders with always-on services based on fresh data – even when certain systems are temporarily down – while dramatically shortening the development cycles of new digital services.
“We are truly humbled to be partnering with such a strong technology powerhouse”, said GigaSpaces CEO Adi Paz on the new partnership with Lyvia. “For us, this is an opportunity to spread our solutions across Europe, to countries such as Spain, UK, and Poland – where Lyvia has a strong presence”.
The latest company in Sweden to have publicly announced that GigaSpaces is powering its back-end stack is Levler, a purely-digital savings and trading platform, that has recently expanded its platform to offer a wide range of equity trading.
In explaining why Levler decided to choose GigaSpaces over other vendors or home-grown solutions, the company's Co-Founder & COO Donald Harding, said:
"We were familiar with GigaSpaces and we knew they had a proven track record within in-memory technology to run trading in other financial services providers in the region. So, for us going with GigaSpaces was a natural choice. We were very clear on our expectations from the vendor powering our tech stack: We looked for a scalable, event-driven platform that we could trust during trading peaks, facing a surge of real-time updates – such as stock prices or large volumes of deals coming in. Our customers expect our platform to always show fresh data and be fully responsive to execute their orders – and these are exactly our expectations from GigaSpaces. So far, we're happy with what we're seeing".
ABOUT LYVIA GROUP:
Lyvia Group develop and deliver business critical and growth enabling software and services to customers all over the world. We build solutions based on our own IP and partner with leading industry providers to evolve our customers’ digitalisation.
Read more about Lyvia Group here: https://lyviagroup.com/
GigaSpaces is a global pioneer in in-memory computing, building an operational data hub that powers real-time modern applications and simplifies organizations’ digital transformation, enabling them to develop and launch digital services at a rapid pace.
FOR MORE INFORMATION, PLEASE CONTACT:
Ola Stafström, Head of Growth at Lyvia Group, at email@example.com