Aliso Viejo, California - (The Hosting News) - February 13, 2008 - Utility and grid computing solutions firm, 3Tera, Inc., recently hosted a presentation concerning the Impact of SaaS on Financial Applications, at the 2008 Web Services/SOA Wall Street Show and Conference.

Barry X Lynn, Chairman and CEO of 3Tera, joined other industry leaders, in a panel discussion on delivering financial applications as SaaS. Wall Street Show and Conference is the premier conference for Web Services, SOA, Web 2.0 and Software as a Service (SaaS) sectors.

Pete Harris, Conference Chair and President, A-Team Group noted, ''SaaS is a slam dunk for Wall Street, so long as it can deliver the five nines reliability, scalability and security that is required. This conference will explore the state of the art of those areas and we are excited to have 3Tera participate.''

The panel discussion entitled ''Delivering Financial Applications as SaaS ''Making IT Work!'' took place at the Roosevelt Hotel in New York City, New York. William Adiletta, President, TekFinancial Solutions, moderated the panel. Joining Mr. Lynn on the panel was Jim Richmann, Principal Architect, Digital Enterprise Group, Intel, and Raju Vegesna, Evangelist, Zoho.

The panel session examined how deploying critical business applications 'in the cloud'- whether that be inside or outside the corporate firewall is being viewed as a promising architecture by both vendors and users of financial applications. But enterprise-readiness of these SaaS applications requires issues such as security, scalability, data integration and offline/online synchronization to be resolved.

2008 Web Services/SOA on Wall Street expands to include Web 2.0 for the Wall Street enterprise and SaaS offerings for the financial markets. Underlying technologies including ESBs, Java, .Net, XML and AJAX are also covered. Web Services/SOA on Wall Street was created by the same team that has produced highly successful financial markets events over the past decade. These include Wall Street on Java Technology, XML on Wall Street, Wall Street IT - The Next Generation, Linux on Wall Street, and High Performance Technology on Wall Street.

Mr. Lynn brings to 3Tera hands-on experience in datacenter innovation and deep understanding of enterprise customers and applications. He has over 35 years of experience as an IT and financial services executive in Fortune 100 companies, and as an entrepreneur. Earlier in his career, Mr. Lynn was at Wells Fargo, where he was executive vice president and head of Investment Operations before becoming chief information officer (CIO) of Wells Fargo and Company and president of Wells Fargo Technology Services. While at Wells Fargo he built the world's first Internet online banking system in 1995. Mr. Lynn was also president of Wells Fargo Securities Clearance Corp. and founder and president of Wells Fargo Securities, Inc.

Prior to 3Tera Mr. Lynn founded Be eXceL Management, Inc., a management consulting firm which incubated early stage technology companies. He was also Director and General Partner of Shoreline Venture Management, an early stage venture capital firm. Mr. Lynn served as Chairman and CEO of PRIVACI, a provider of anonymous purchasing and personalized services for consumers on the Internet. Mr. Lynn was Director of Merant PLC, a public software company, prior to its acquisition by Serena. Mr. Lynn is currently on the Boards of Directors of Alacritech, Attune Systems and Layer 7 Technologies.

3Tera, Inc. provides grid and utility computing solutions designed to simplify the deployment, operation and scaling of online services. The company's AppLogic grid operating system was developed to allow web hosting providers to offer true utility computing that enables anyone with a browser and basic IT skills to operate dozens of servers, and hundreds of online applications, without owning and operating hardware infrastructure. 3Tera is a privately-held company headquartered in Aliso Viejo, California with R and D facilities in Silicon Valley, Israel and Eastern Europe.

For more information about 3Tera, please visit: www.3tera.com.