Transitive Corporation, a leading provider of software that enables transportability of applications across multiple processor and operating system (OS) pairs, today announced that it received a 2006 Innovation Award from Morgan Stanley at the firm’s Sixth Annual CTO Summit.
“We are extremely pleased to give our Innovation Award to Transitive,” said Guy Chiarello, Morgan Stanley’s Chief Information Officer, in the press release. “At Morgan Stanley, we take an aggressive approach to evaluating new technology, both as a business enabler and as a lever for business growth, and we have evaluated QuickTransit products within our own infrastructure. By enabling immediate software migration to chosen strategic server platforms, we believe that Transitive can help eliminate much of the difficulty and expense that companies face when upgrading hardware.”
The CTO Summit is designed to identify influential technology companies, as well as to recognize technologies that have added measurable value and efficiency to the overall marketplace, and have enabled Morgan Stanley to continue to leverage innovative technology in its own environment.
“Transitive is honored to receive recognition for its technology innovation by Morgan Stanley, a global financial services firm and innovative user of technology,” said Bob Wiederhold, President and CEO of Transitive, in the release. “That their evaluation has resulted in this award is a testimony to the potential of Transitive’s hardware virtualization technology “
The Innovation Awards are presented at Morgan Stanley’s CTO Summit, the event through which the winning companies are identified and selected. The rigorous selection process begins with recommendations from top-tier venture capitalists, and culminates with the evaluation and acceptance of the company’s offerings by Morgan Stanley IT.
More about Transitive’s Rosetta technology in use in Intel-powered Macs here.