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searchEnterpriseLinux: Gauging the Enterprise-Readiness of Open-Source Financial Apps

May 30, 2003, 13:00 (1 Talkback[s])
(Other stories by Amy Kucharik)

[ Thanks to Michael S. Mimoso for this link. ]

"Today, Linux-based applications are being used to manage and make large sums of money in the financial services industry. Meanwhile, applications for businesses outside the financial services space are few and far between. Only two open-source financial products--Nola and SQL-Ledger--have gained much notice in the business world.

"Linux's viability as an enterprise financial applications platform is a given in the financial services industry, according to IBM Corp. executive John Vitkus. Many, if not the majority of financial services companies have already opted for Linux, or at least have 'a very clear strategy for when they will deploy,' said Vitkus, IBM's program director for Linux in the financial services sector. They know that 'if they're not using Linux, they're behind the times.'

Wall Street's endorsement gives Linux some street credibility, but corporate IT shops need more than testimonials, according to Sam Greenblatt, chief architect of the Linux technology group at Computer Associates International Inc., in Islandia, NY. IT administrators need Linux-based applications that will work well in their businesses. Financial firms have the bucks to build their own apps, but businesses outside the financial sector need enterprise-ready, third-party products..."

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