EMC wins Omgeo disaster contract
25 March 2002 | 3792 views | 0
Omgeo has extended an existing storage area network contract with EMC to its Central Trade Manager (CTM) virtual matching utility for domestic and cross-border securities processing.
The agreement extends Omgeo's current EMC infrastructure which support its traditional trade allocation and acceptance solutions, including Omgeo Oasys, Oasys Global and TradeMatch.
Gary Foster, Omgeo's chief technology officer, says: "EMC has consistently provided superior performance for our traditional services, and we are confident they will help us meet the extraordinary uptime requirements of our new global network."
He continues: "The proven reliability, security and interoperability of EMC networked storage will allow our new infrastructure to more easily and seamlessly communicate with dozens of different technologies via private networks and the Internet."
Omgeo, with primary offices in Boston, New York and London, has standardised on EMC Symmetrix Enterprise Storage systems and EMC Connectrix Fibre Channel switches installed in multiple data centres. The EMC storage area network connects to a variety of operating environments, including Sun Solaris servers and IBM mainframe, for trade management. EMC ControlCenter software has been implemented for the centralised management of its global information infrastructure.
Additionally, Omgeo has contracted for EMC's Advanced Solutions Group application management and hosting services for disaster recovery. Using EMC Symmetrix Remote Data Facility (SRDF) software, EMC Advanced Solutions maintains mirrored copies of Omgeo's production data at EMC's remote facilities, in addition to Omgeo's own remote facilities. Omgeo is also implementing EMC TimeFinder software locally to help perform backups.
Frank Hauck, EMC's executive vice president of customer operations, says: "There is renewed urgency in the financial services market to adopt the most resilient, flexible infrastructures that protect high-volume, 24-hour global financial markets from disasters."