Azul, provider of the world’s most trusted open source Java platform, today announced that it continues to gain momentum in the Financial Services industry as a growing number of the world’s top financial institutions replace Oracle Java SE with Azul’s Java platform products.
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In the last two quarters, 17 banks (including investment banks, retail banks, commercial banks, and private banks) bought Azul Java support for the first time or extended their contracts. So too did nine buy-side firms (hedge funds, asset managers and boutique traders), seven exchanges, six payments companies, and three brokerage software platforms. Today, Azul customers include all 10 of the world’s top 10 trading companies and six of the top 10 US financial companies (measured by market cap).
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“Azul’s superior product performance, cost, and support keeps winning the hearts and minds of CIOs in financial services industries,” said Scott Sellers, Azul co-founder, president and CEO. “When companies switch to Azul, they dramatically reduce their Java infrastructure and support costs, improve key application performance, and enable development teams to focus on innovation rather than troubleshooting. We hear this over and over again, and it’s why we continue to gain momentum across all financial services sectors: retail banking, capital markets, insurance, payments processing, and more.”
A growing number of leading investment banks, hedge funds, exchanges, payments organizations, insurers, multilateral trading facilities, and cryptocurrency providers have switched from Oracle Java SE to Azul Zulu® Builds of OpenJDK for their Java support. Zulu is backed by tough security SLAs and a globally-distributed, highly responsive support team of Java experts and software engineers, frequently achieving a 100% customer satisfaction score. Zulu’s enterprise support plans are priced up to 94% lower than Oracle Java SE subscriptions, making the industry’s best Java support not only superior but more cost-effective as well.
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