Banco Santander International Protects Customer Information and Cuts Hardware Costs with VERITAS and Peribit.MOUNTAIN VIEW, Calif. -- Solution Helps Leading Financial Institution Protect Business-Critical Data and Meet Regulatory Requirements VERITAS Software Veritas Software Corp. was an international software company that was founded in 1983 as Tolerant Systems, renamed Veritas Software Corp. in 1989, and merged with Symantec in 2005. It was headquartered in Mountain View, California. Corporation (Nasdaq:VRTS VRTS Veritas Software (stock symbol) VRTS Verification Requirements Tracking System ) today announced that Banco Santander International, Spain's leading financial institution, is using VERITAS Volume Replicator See port replicator. replicator - Any construct that acts to produce copies of itself; this could be a living organism, an idea (see meme), a program (see quine, worm, wabbit, fork bomb, and virus), a pattern in a cellular automaton (see life), or (speculatively) a robot or and Peribit Sequence Reducers to help achieve cost-effective, uninterrupted protection of business-critical customer data for its Miami-based private banking center. Together, VERITAS and Peribit help Banco Santander International better serve its banking customers and meet regulatory requirements for business continuity planning Business Continuity Planning (BCP) is an interdisciplinary peer mentoring methodology used to create and validate a practiced logistical plan for how an organization will recover and restore partially or completely interrupted critical function(s) within a predetermined and data protection outlined by the U.S. Federal Financial Institutions Examination Council The Federal Financial Institutions Examination Council, or FFIEC, is a formal interagency body of the United States government empowered to prescribe uniform principles, standards, and report forms for the federal examination of financial institutions by the Board of (FFIEC FFIEC Federal Financial Institutions Examination Council ), a formal inter-agency body that prescribes uniform standards for the supervision of financial institutions. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. FFIEC regulations for business continuity planning, financial institutions must be able to restore information systems, operations and customer services quickly after any adverse event. Banco Santander International uses VERITAS Volume Replicator to automatically replicate data between its sites in Miami and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , helping to ensure consistent data protection and data availability Refers to the degree to which data can be instantly accessed. The term is mostly associated with service levels that are set up either by the internal IT organization or that may be guaranteed by a third party datacenter or storage provider. in the face of potential disaster. "Our main goal is to ensure that we can quickly restore data and operations to continue to serve our customers quickly, both day-to-day and in the case of unplanned downtime. If a natural disaster -- such as a hurricane -- were to strike in Miami, we would use VERITAS software to seamlessly transfer data to our secondary site in New York for quick recovery," said Eugene Rivera Eugene Rivera is a fictional character played by Nelson Vasquez in the HBO drama Oz. Character overview A Latino Correctional Officer and a former member of the Los Diablos gang, he is an enemy of Latino inmate Raoul "El Cid" Hernandez. , technical support manager, Banco Santander International. "Combined with Peribit, VERITAS software gives us the peace of mind that our critical customer data and customer-facing applications are protected and available, to help ensure day-to-day business continuity and quick disaster recovery." Using VERITAS Volume Replicator to automate the replication process, Banco Santander International has also eliminated the time previously spent manually restoring data. "Before deploying VERITAS software, our business continuity plan involved manually backing-up our systems at the end of the day and couriering the tapes to New York, where one of our engineers would conduct a manual restore," explained Rivera. "By using VERITAS Volume Replicator to automate the replication process we have eliminated the time and expense of couriering our tapes, resulting in a 100 percent improvement in replication time. Additionally, our engineers are now able to focus on more strategic work." As Banco Santander International's business grows, the volume of data that needs to be protected increases as well. To avoid paying $60,000 for an additional T1 network to handle increased traffic, the bank turned to Peribit to deliver a network optimization solution to increase overall network performance and deliver faster application response times. "We save even more money using Peribit Sequence Reducers because we're able to maximize the performance of VERITAS Volume Replicator without having to expand our network infrastructure," noted Rivera. With VERITAS Volume Replicator, Banco Santander International has reduced costly hardware expenditure as well. "Because VERITAS Volume Replicator maximizes our existing hardware infrastructure, we have saved at least $50,000 in hardware costs alone," said Rivera. Together, VERITAS and Peribit Networks allow customers to replicate their critical data across their existing wide area network (WAN) connection. Peribit Networks instantly increases existing WAN capacity by up to 10 times without time consuming and expensive WAN upgrades, while VERITAS Volume Replicator delivers high performance data replication services to help ensure business continuity when data loss and prolonged downtime cannot be tolerated. About VERITAS Software VERITAS Software, one of the 10 largest software companies in the world, is a leading provider of software to enable utility computing (1) Pay-per-usage processing provided by a service organization that uses its own computers and facilities. Customers access the computers via a private network or over the Internet and are charged according to how much computing time they use, such as CPU seconds, minutes or hours. . In a utility computing model, IT resources are aligned with business needs and business applications are delivered with optimal performance and availability on top of shared computing infrastructure, minimizing hardware and labor costs. With 2003 revenues of $1.75 billion, VERITAS delivers products and services for data protection, storage & server management, high availability Also called "RAS" (reliability, availability, serviceability) or "fault resilient," it refers to a multiprocessing system that can quickly recover from a failure. There may be a minute or two of downtime while one system switches over to another, but processing will continue. and application performance management that are used by 99 percent of the Fortune 500. More information about VERITAS Software can be found at www.veritas.com. Copyright (C) 2004 VERITAS Software Corporation. All rights reserved. VERITAS and the VERITAS Logo are trademarks or registered trademarks of VERITAS Software Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners. |
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