PlateSpin Ltd. today announced that the company has won the 2007 “Virtualization Technology of the Year” award as part of The Banker Technology Awards. Backed by The Financial Times UK, The Banker Technology Awards recognize innovation and excellence in the banking technology space worldwide.

“The Banker Technology Award is one of the most prestigious honors within the financial services industry,” said Stephen Pollack, Founder and CEO of PlateSpin Ltd. “This international award is a testament to the uniqueness of our workload profiling and portability technology and the benefits our solutions bring to data centers worldwide. PlateSpin’s solutions enable customers to take a unified approach to managing, moving and protecting all workloads in the data center. Within a single technology platform investment, data centers can leverage PlateSpin’s workload awareness and anywhere-to-anywhere (X2X) workload migration capabilities to solve critical IT challenges such as server consolidation, hardware migration and disaster recovery.”

“As large banks and global financial services organizations work to consolidate space, power, and server resources in the data center, innovative solutions like those provided by PlateSpin are becoming increasingly important,” said Brian Caplan, Editor, The Banker. “The judges, all banking industry experts, were impressed by PlateSpin’s best-of-breed technology and the demonstrable business benefits and competitive edge it provides to financial services businesses. In awarding PlateSpin the Virtualization Technology of the Year Award, they also recognized PlateSpin’s commitment to green computing, another issue that’s critical to the global banking sector.”

Previously, server workloads have been tied to the hardware infrastructure on which they reside, impeding data center flexibility and preventing the optimal use of physical and virtual resources. PlateSpin PowerConvert is the first and only solution that remotely decouples workloads from the underlying server hardware and streams them to and from any physical or virtual host with a simple drag and drop. PowerConvert provides the flexibility to configure and optimize the data center by streaming workloads over the network between physical servers, blade infrastructures, virtual hosts and image and backup archives. When PowerConvert is used in combination with PowerRecon 3.0, PlateSpin’s advanced workload profiling, analysis and planning solution, customers gain a comprehensive workload lifecycle management solution that includes integrated planning and execution for critical data center initiatives such as server consolidation, provisioning, hardware or data center migration, green computing and disaster recovery.