Quoting MacWorld

The developer of Apple's Rosetta emulation technology has won a major innovation prize.

Rosetta was developed for Apple by Transitive Technology, which this week announced it has won the Morgan Stanley Innovation Award for the QuickTransit Hardware Virtualization Software. QuickTransit is the technology behind Rosetta.

"We are extremely pleased to give our Innovation Award to Transitive," said Guy Chiarello, Morgan Stanley's chief information officer. "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 award aims to recognise technologies that have added measurable value and efficiency to the overall marketplace.
 
"Transitive is honoured 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.

QuickTransit hardware virtualisation technology allows software applications that have been compiled for one processor/operating system to run on another without any source code or binary changes and at speeds comparable to native ports.

Read the original article, here.