Grid software provider Digipede Technologies announced today that hedge fund manager III Offshore Advisors has deployed the Digipede Network to power its high-performance financial analytics grid.

"As we extend our traditional fixed income relative value investment principles to new and changing markets we've experienced increasing challenges in completing important analyses in a timely fashion," said Paul Algreen, CTO at III.

According to the report; "the Digipede Network gives our asset management clients the ability to adapt to changing market conditions on the fly."