IT Works A/S and ClearCube Nordic AB Partner to Deliver High-Performance Centralized and Virtualized Trader Workstations to Scandinavia's Financial Sector

COPENHAGEN, Denmark, June 20, 2011 /PRNewswire/ --

ClearCube Nordic, the leader in centralized and virtual computing in Scandinavia, today announced a partnership with IT Works, a leading finance IT company in Scandinavia focused on delivering high-performance dealing solutions. The partnership between ClearCube and IT Works will bring together the most reliable and energy-efficient blade workstations in the industry to power trading floors across the Scandinavian region.

(Logo:  http://photos.prnewswire.com/prnh/20110603/DA13937LOGO)

"We're excited to combine our extensive expertise in delivering high-performance dealing solutions with ClearCube's market leadership in centralized trader workstations," said Sebastian Nielsen, CEO of IT Works. "We continue to see strong demand for the centralized computing model, which eliminates the reliability, operations and environment problems that distributed box PCs create."

IT Works is an innovator in delivering best-in-class trading solutions for financial services organizations. The company has focused on delivering managed trader solutions that equip small and mid-sized organizations with the industry's best technology at an affordable rate, as well as providing expertise and dedicated IT solutions for the demands of large trading floors.

ClearCube centralized computing solutions remove PCs from the desktop and replace them with a small user port that connects to powerful blade workstations located in the datacenter. Its trader blade workstations slash downtime and create an improved work environment by eliminating heat and noise from the trading floor. ClearCube blade workstations power trading floors at numerous financial institutions in the Baltic nations, including Carnegie and SEB.

"IT Works portfolio of services is the perfect fit with ClearCube Nordic's trader workstation offering," said Roland Akerblom, General Manager, ClearCube Nordic. "Our combined centralized computing solution delivers the optimum performance and lowest total cost of ownership that trading companies demand in this highly- competitive market."

"The financial services business in Scandinavia is a very important growth market for us," said Randy Printz, CEO, ClearCube Technology. "The partnership with IT Works and our Nordic division is a testament to our commitment to delivering the industry's best trader workstations and services to meet growing needs of financial organizations in the region."

For more information on ClearCube Nordic, contact Roland Akerblom: +46-8-635-09-46

About IT Works

IT Works is among the leading financial IT companies in Scandinavia and specializes mainly in delivering high performance trading and dealing solutions. With over a decade of hands-on experience from Scandinavia's largest financial institutions, we've accumulated a unique understanding of the role IT plays in the world of financial trading, and we use this insight to help our clients grow their business. For more information, visit http://www.itworks.dk.

About ClearCube Nordic AB and ClearCube Technology

ClearCube Nordic is a division of ClearCube Technology providing centralized computing solutions in Sweden, Norway, Denmark, Finland and the Baltic States.  ClearCube Technology is the pioneer and market leader in centralized and virtual computing, hardware and management software. By deploying ClearCube blade solutions, customers have dramatically reduced their support costs while improving the security and availability of their computing infrastructure. Customers in the financial services, government, education, healthcare, commercial and manufacturing industries all rely on ClearCube blade PCs and virtual desktops for secure, reliable and energy efficient computing. For more information, visit http://www.clearcube.com.

   
    Media Contacts

    Sebastian Nielsen
    CEO, IT Works
    v. +45-40310015
    e. seb@itworks.dk
   
    Jeff Fugitt
    VP of Marketing, ClearCube Technology
    v. +1-512-652-3238
    e. jeff.fugitt@clearcube.com

    Catherine Seeds or Caitlin New
    Ketner Group (for ClearCube)
    v. +1-512-794-8876
    e. clearcubepr@ketnergroup.com