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SAN FRANCISCO, CA -- (Marketwired) -- 05/14/15 -- Cloud Foundry Foundation, home of the leading open source cloud native application platform, today announced that JPMorgan Chase & Co. (NYSE: JPM) is joining the organization. By joining the Foundation, the global financial services firm reinforces its commitment to the open Platform-as-a-Service (PaaS) movement and supports the firm's developers with the company's own full-featured cloud platform.

"PaaS is a natural progression of our capabilities as we make the transformation into a managed services provider within JPMorgan Chase," said George Sherman, CIO for JPMorgan Chase's Global Technology Infrastructure group. "Efficiency was the goal when we virtualized our bare metal environment. Now we are equally focused on developer productivity and speed-to-market. The Cloud Foundry platform will help us fully equip our developers with the environment and services that they need to work efficiently and we want to share our efforts with the community."

Cloud Foundry, a Linux Foundation Collaborative Project, has been developed through the joint effort of more than 1,000 developers who have contributed code to the foundation's projects. The platform is being used in an increasing number of private enterprise deployments, including the one at JPMorgan Chase.

"JPMorgan Chase is known for its focus on technology excellence and innovation as a way to stay ahead in the highly competitive financial services market," said Cloud Foundry Foundation CEO Sam Ramji. "Joining the Foundation strengthens our community with an engaged end user perspective that will help us prioritize development and further our high standards for applications services delivery."

About Cloud Foundry Foundation
The Cloud Foundry Foundation is independent non-profit organization formed to sustain the development, promotion and adoption of Cloud Foundry as the global industry standard for open Platform-as-a-Service (PaaS). Cloud Foundry makes it faster and easier to build, test, deploy and scale applications. Cloud Foundry is an Apache 2.0 licensed project available on Github: https://github.com/cloudfoundry. To learn more, visit: http://www.Cloud Foundry.org.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.