Together, the two companies will deliver the solutions and services that enable financial institutions to simplify their storage infrastructure while achieving true data mobility and operational efficiencies that better support compliance and governance requirements.

Unstructured data is growing at 65 percent year over year and enterprises are investing in hybrid and cloud infrastructures to manage this growth and to maximize the value of their data assets. Migrating to these next-generation environments is currently a manual, resource intensive process that is complex, error prone, costly and adds risk. The Data Dynamics StorageX platform eliminates the risks associated with manual migrations by providing customers with an automated, policy-based approach to file storage management that minimizes user downtime, cutover windows, and other disruptions related to file storage migrations including rebalancing, mergers, consolidations, and tech refreshes.

"Together, Data Dynamics and TORI Global have the innovative technology and domain expertise to enable financial organizations to quickly migrate data to new storage paradigms while masking storage complexity and fueling performance," said Danny O'Connor, Executive Director, TORI Global. "StorageX delivers the most advanced data migration and management platform to reduce complexity and cost while minimizing the exposure of data breaches."

StorageX minimizes the risk of data leakage by giving IT administrators' compliance and audit controls that allow them to see all files in an active directory and quickly ascertain which users have permissions to access which files to minimize exposure. Security Identifiers (SIDs) mapping allows for the merging of security domains while keeping the permissions on the files simpler to manage and audit for compliance.

In addition, StorageX makes it easier for customers to migrate and manage their data with deep API integration to leading NetApp and EMC file storage platforms. It empowers enterprises to reduce operational inefficiencies and provides oversight and controls over multi-vendor storage silos with a single management interface. High levels of automation allow IT administrators to discover, analyze, optimize, migrate, manage, provision and report on large data assets in hybrid and cloud storage environments.

"Financial services have complex and growing requirements for storage that demand a new era of storage solutions for increased scale and data portability," said Cuong Le, Vice President of Marketing, Data Dynamics. "Comprised of some of the most experienced CIOs, CTOs and technology visionaries in the financial industry, TORI Global is the ideal partner to leverage the power of StorageX for the storage transformation financial services organizations need with the automation and security controls they demand for regulatory compliance."