CNT wins $2 million disaster recovery contract
CNT(R) (NASDAQ:CMNT), the global expert in storage networking solutions, today announced they have won a $2 million contract from one of the world's largest financial institutions to upgrade its disaster recovery environment. The new contract, which includes both hardware and professional services, will ensure that the information systems at the financial institution operate at maximum efficiency without interruption.
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The financial institution purchased eight CNT UltraNet Storage Directors - eXtended (USD - X) for reliable, long-distance data replication and tape vaulting between multiple sites across the United States. The company chose CNT's USD-X because it can support mixed applications across the same shared network to increase data protection and maximize bandwidth utilization. In addition, the USD-X will increase the effective throughput of the customer's tape applications by five-fold, reducing recovery time.
In addition to the CNT hardware, the contract also includes CNT maintenance and implementation services, along with Network Management Services (NMS). The suite of services will enable the customer to maximize the availability of their entire storage infrastructure by providing 24x7x365, proactive monitoring and management of CNT networks.
"The global financial industry has consistently relied on CNT's storage networking products and services as key elements of their overall disaster recovery solution. In the past six months, CNT has announced over $15 million in contracts from leading financial institutions," said Tom Hudson, CNT's President and CEO. "Our announcement today reaffirms our commitment to providing customers with the most reliable, high performance storage networking solutions in the industry today."