HanoverTrade Gets Grid-Enabled

Under a new deal between DataSynapse Inc., New York, a provider of self-managed grid computing software, and HanoverTrade Inc., Edison, N.J., the latter company's Hanover/Busch Analytics will be grid-enabled through DataSynapse’s GridServer application operating environment.Similar to server farms, where a distributed network of computers works together to handle complicated processes, the GridServer will permit calculations within Hanover/Busch Analytics to be distributed to hundreds of CPUs it manages, reducing the time it takes to value loans. HanoverTrade, a wholly owned subsidiary of Hanover Capital Mortgage Holdings Inc., said it already has one customer on the jointly offered platform. It declined to name the company, saying only that it is "one of the largest financial institutions in the world." The companies can be found on the Web at http://www.datasynapse.com and http://www.hanovertrade.com.