SunGard Financial Systems plans to consolidate its technology infrastructure into five data centres from 25 today through a series of virtualisation initiatives.
The vendor says its financial systems business is on track to achieve more than $5 million in savings over the next five years as a result of the project, which kicked off in 2009.
SunGard's Information Systems and Services organisation estimates that the virtualisation and consolidation project will save 1.5 megawatt hours (MWh) of electricity and reduce the vendor's greenhouse gas emissions by more than 1000 metric tons every year.
Don Wood, chief information officer for SunGard Financial Systems, says: "Virtualising and consolidating our technology infrastructure allows us to reallocate our resources strategically as we simplify our day-to-day operations."
The project will ultimately enable the unit to reduce the amount of space it requires by consolidating its entire technology infrastructure into just five data centres, he adds.