Language Selection

English French German Italian Portuguese Spanish

LinuxWorld: Savings, Stability Make Strong Business Case

Filed under
Linux

As several hundred of the Linux and open-source faithful gather for the two-day LinuxWorld Summit here, the message that Linux has not only come to Wall Street but has been embraced by it is resounding loud and clear.

The sessions on Wednesday and Thursday focus primarily on the business case and security issues around the open-source operating system, both of which are areas of great interest to Wall Street and to the financial industry in general.

As a panel of enterprise Linux users, primarily from the financial sector, took the stage Wednesday to talk about their Linux usage, the common thread was the huge cost savings and stability they achieved because of the switch.

Robert Wiseman, chief technology officer at Cendant Travel Distribution Services, which has more than 5,000 employees in 110 countries around the world, said that in the early 2000s, the company was planning to move from a mainframe environment to proprietary Unix.

At that time, Linux was still regarded as immature, he said, "but we certainly don't regard it that way anymore." But Cendant, which owns brands such as Galileo International, Travelport, Travelwire, Cheap Tickets, Orbitz and Lodging.com, decided to examine the cost benefits of moving directly from the mainframe to Linux. The company found that the primary benefit came from the using the low-cost x86 hardware platform.

Aaron Graves, a senior vice president at Citigroup Technologies Inc.'s data center for technical services, said that while Citigroup had decided to stay on the mainframe, it had looked at Linux to bring distributed workloads into its mainframe hardware environment.

This had proven to be very reliable, Graves said, adding that Citigroup is getting good support from software vendors and is pushing other software vendors to port their applications to Linux, particularly Linux on the zSeries.

Josh Levine, chief technology and operations officer at E-Trade Financial, said that in the early 2000s, after the dot-com bubble burst, the focus was on making money and improving operating margins.

"We started porting our applications to Linux and were surprised by how fast it was. We found it compelling and when you find something that compelling, you overcome all obstacles, and that is what we did," Levine said.

Full Story.

More in Tux Machines

Arch Linux-Based BlackArch Penetration Testing Distro Now Using Linux Kernel 4.1 LTS

The development team behind the BlackArch project, a GNU/Linux distribution derived from Arch Linux and designed to be used for penetration testing and security analysis operations, released an updated installation media, BlackArch 2015.07.31. Read more

Linus Torvalds warns he's in no mood to be polite as Linux 4.2 drags

Linus Torvalds' regular Sunday night missive on the state of kernel development has labelled version 4.2 as a bit of a problem child and warned he “might not react politely” to some developer requests. Announcing the release of release candidate five (rv5), Torvalds says “it's looking like 4.2 might be one of the releases needing more than the usual seven rc releases.” Read more

Simplicity Linux 15.7 Officially Released, Based on LXPup and Linux Kernel 4.1 LTS

As reported at the beginning of July, David Purse, the developer of the Simplicity Linux distribution, announced the release and immediate availability for download of the final version of his Simplicity Linux 15.7 operating system on July 30, 2015. Read more

qBittorrent Open Source Torrent Downloader Gets Massive WebUI Improvements, More

The qBittorrent project announced on the first day of August 2015 that the second maintenance release of their cross-platform and open-source BitTorrent client, qBittorrent 3.2, is available for download with major improvements. Read more