EMC Corporation announced today that Wachovia Corporation, created by the 1 September merger of Wachovia Corporation and First Union Corporation, has implemented an additional 55TB of EMC networked storage and a full suite of advanced data management and protection software to support the planned consolidation of the two information infrastructures.
In coordination with EMC Professional Services, Wachovia developed and deployed an EMC storage area network including EMC Symmetrix and Connectrix, consolidating their information assets and providing significantly lower information management costs, improved data sharing capabilities and the highest levels of data protection.
"We`re engaged in one of the largest IT consolidations in the history of the banking industry," said Tony Maiuri, Wachovia`s Vice President, Large Systems. "From an information systems perspective, EMC is helping Wachovia significantly to successfully complete the merger."
Wachovia chose EMC networked storage because of EMC`s award-winning Global Services organization, its extensive experience with large-scale data centre consolidations and the maturity of its business continuity and management solutions. With this latest expansion, Wachovia`s infrastructure now uses nearly 300TB of EMC information storage. This infrastructure supports business-critical applications such as securities processing, corporate and retail demand deposit processing and corporate investment banking on both its mainframe and open systems environments, including IBM OS/390, IBM AIX-RS/6000, Windows NT, HP-UX and Sun Solaris.
"EMC provides the flexibility, openness and data migration experience we need to successfully integrate two separate companies with two complex environments. EMC`s scaleable architecture, management software and service and support are helping us make our information assets significantly more accessible and reduce our overall data management costs," said Maiuri.
Frank Hauck, EMC`s Executive Vice President of Customer Operations, said: "Data consolidation has become a key factor in the success of major mergers in financial services. We`re helping Wachovia mitigate integration risk and achieve its longer-term objective of superior data protection with EMC. By drawing on EMC`s advanced storage and software, exceptional customer support and integration expertise, Wachovia will greatly increase the future value of its information assets once its systems are combined."
EMC Networked Storage and Software
During the consolidation, Wachovia is relying on EMC Symmetrix Enterprise Storage and Connectrix Fibre-Channel switches and directors for the highest levels of performance, availability and connectivity. The company is also implementing EMC Symmetrix Remote Data Facility (SRDF), TimeFinder, PowerPath and InfoMover for replication and business continuity. ESN Manager, EMC Control Center and Symmetrix Optimizer also are being implemented for centralized management and automation.
"We are rapidly accumulating storage as more and more applications go online," said Gary Fox, Wachovia`s Vice President, Data Storage. "EMC`s leadership in SAN connectivity and software tools, such as ESN Manager and ControlCenter, is giving us more control over information and is lowering management costs even further. By centralizing our information infrastructure on EMC systems and software, we have made gains in efficiency and increased our utilisation."
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EMC Corporation (NYSE: EMC) is the world leader in information storage systems, software, networks and services, providing the information infrastructure for a connected world. Information about EMC`s products and services can be found at www.EMC.com.
Wachovia
Wachovia Corporation (NYSE:WB), created through the 1 September 2001, merger of First Union and Wachovia, had assets of $320 billion and stockholders equity of $29 billion at 31 March 2002. Wachovia is a leading provider of financial services to 20 million retail, brokerage and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices under the First Union and Wachovia names in 11 East Coast states and Washington, DC, and offers full-service brokerage with offices in 49 states and global services through more than 30 international offices. Online banking and brokerage products and services are available through wachovia.com and firstunion.com.