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Synovus Consolidates Storage Assets under DataCore's Platform
Posted: 4/8/2003
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Financial Services Company Increases Storage Utilization, Boosts Data Mining Performance and Achieves Cost-Effective Disaster Recovery with SANsymphony
FT. LAUDERDALE, Fla. (April 7, 2003) - DataCore Software today announced that Synovus Financial Corp. has implemented DataCore's enterprise-class open storage networking software to help the financial services giant extract maximum value from existing and new storage investments.
DataCore's SANsymphony(tm) storage management platform is helping Columbus, Ga.-based Synovus meet three key business issues: extend the life of existing storage resources, maximize utilization of 18 terabytes of storage capacity and create a secure and cost-effective disaster recovery strategy. In addition to simplifying its overall storage management, Synovus unexpectedly found that its complex data mining operations completed substantially faster because of SANsymphony's network I/O caching.
DataCore's hardware-independent software approach was the only one that could allow Synovus to harness its existing investments and incorporate previously direct-attached storage and external disk arrays - from a range of hardware vendors - into its new storage management methodology. This strategy greatly improves overall manageability, availability and performance. In addition, DataCore's Network Managed Volumes (NMVs) have reclaimed much of Synovus' wasted disk capacity, estimated at 50 percent of its installed space, allowing the company to meet rapidly growing storage requirements with existing resources, rather than making ineffective new disk purchases.
"We needed to free up large amounts of over-allocated storage, and granularly distribute capacity without constantly guessing how much to put where and when," said Kevin Gowen, director of network services, Synovus Financial Corp. "SANsymphony's pooling and automated provisioning delivers a highly available, high-performance storage architecture that allows us to quickly and efficiently allocate capacity just-in-time, wherever it's needed."
Such advanced SANsymphony features keep Synovus focused on their Customer Covenant, a commitment to deliver the highest levels of responsiveness, expertise, efficiency and accuracy for customers.
Disaster Recovery Paramount for Financial Services Industry
To protect against disasters, Synovus needs to replicate ever-increasing amounts of critical enterprise data to a remote site in an affordable manner. It's tapping SANsymphony's Asynchronous IP Mirroring (AIM) feature to cost-effectively replicate data using existing IP infrastructure, achieving significant savings and greater flexibility as compared with the other remote replication solutions Synovus evaluated.
"Business continuity and disaster recovery are an imperative in the financial services industry," said Ken Horner, DataCore's vice president of marketing. "DataCore enables secure, assured disaster protection while dramatically increasing the hard-dollar returns from storage investments - an undeniable value for companies like Synovus."
Aside from the clear advantages of having a well protected, consolidated and automated storage environment, DataCore's SAN-wide I/O caching boosts the performance of Synovus' database servers, reducing the time needed to complete complex data warehousing calculations from days to a few hours. This empowers Synovus to minimize how much they borrow from the Federal Reserve and reduce the level of deposits required to meet federal obligations - key metrics of profitability.
About Synovus
Synovus (NYSE: "SNV") is a diversified financial services holding company with more than $19 billion in assets based in Columbus, Ga. Synovus provides integrated financial services including banking, financial management, insurance, mortgage and leasing services through 40 affiliate banks and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS (NYSE: "TSS"), the world's largest third-party processor of international payments. Synovus is No. 9 on FORTUNE magazine's list of "The 100 Best Companies To Work For" in 2003. See Synovus on the Web at www.synovus.com.
About DataCore Software
DataCore Software Corporation's award-winning software automates and consolidates storage management for enterprise customers worldwide, significantly reducing their costs and increasing the return on investment from information technology assets. The company's SANsymphony(tm) software sets the standard for open storage networking platforms, supporting all major brands of disk arrays and operating systems. It is available and supported through major OEMs, system integrators and resellers. DataCore is privately held with corporate headquarters in Ft. Lauderdale, Florida. For international office locations and more information, call (877) 780-5111 or visit www.datacore.com.
DataCare, DataCore, the DataCore logo, Powered by DataCore, Network-Powered Storage, ROI Street Smarts, SANsymphony, SANcentral, SANcollege and SANvantage are trademarks or registered trademarks of DataCore Software Corporation. Other DataCore product or service names or logos referenced herein are trademarks of DataCore Software Corporation. All other products, services and company names mentioned herein may be trademarks of their respective owners.
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Corporate Contact:
DataCore Software Corporation
Jan Jahosky
(407) 331-4699
jan.jahosky@datacore.com
Media Contacts for DataCore:
Corporate Ink
Megan Sayce
msayce@corporateink.com
Susan Bassett
(617) 969-9192
sbassett@corporateink.com
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