Platform Computing, a provider of grid and cloud software, has announced ISF, a new product for managing the private cloud environments.

ISF is a cloud management product for enterprises to build and run their private clouds. It creates private clouds from physical and virtual resources and delivers application environments according to workload and resource scheduling policies. It incorporates Platform’s resource sharing technology and virtual machine orchestrator (VMO) and includes capabilities for self-service, service-offering definition, contracts, reporting and billing.

The company said that the private clouds deployed through ISF will allow IT departments to be more responsive to the needs of the enterprise by offering IT as services on a pay-per-use basis. This new offering is expected to reduce the costs of IT as resource utilisation levels increase due to resource sharing.

According to Platform, the new software supports any collection of hardware, operating systems and virtual machines. It also supports third-party system management tools for security and provisioning.

Songnian Zhou, CEO of Platform Computing, said: Platform ISF enables applications to run on shared infrastructure driving higher server utilisation and ROI across clusters, grids and clouds. Using Platform ISF, businesses can deploy and run applications faster, cheaper and more flexibly. Platform is well suited to deliver private cloud solutions as we have extensive experience in deploying large-scale shared compute environments that leverage both physical and virtual resources.