CSFB invests in Azul, buys Java product
Credit Suitsse invests buys Azul's special Java product
Stephen Shankland Former Principal Writer
Stephen Shankland worked at CNET from 1998 to 2024 and wrote about processors, digital photography, AI, quantum computing, computer science, materials science, supercomputers, drones, browsers, 3D printing, USB, and new computing technology in general. He has a soft spot in his heart for standards groups and I/O interfaces. His first big scoop was about radioactive cat poop.
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Financial services powerhouse Credit Suisse has invested an undisclosed amount in Azul Systems and purchased its specialized computing systems that create a centralized pool of computing power for Java server software. The Mountain View, Calif.-based start-up, which announced the move Tuesday, sells hardware that unburdens large numbers of systems running Java application server.
"The fact that Credit Suisse led a significant investment round in Azul Systems demonstrates our belief in, and support of, the kinds of solutions that Azul is bringing to Wall Street," said Alan Freudenstein, a Credit Suisse managing director, in a press release.