HP virtual arrays make real gains in financial services


HP virtual arrays make real gains in financial services

US financial services companies Rydex Investments and Wheaton Franciscan Services have deployed HP StorageWorks Enterprise Virtual Arrays (EVAs) in their IT environments.

Rydex Investments is said to be one of the fastest growing investment companies in the US. It implemented a HP StorageWorks storage area network (San) solution to help accommodate the 50,000 trades it makes every day.

The company’s chief technology officer, Wayne Cobb, says, "Rydex Investments specialises in serving financial professionals and investors who desire more flexibility than traditional fund companies offer.

"To keep up with the rapid growth of our business and meet the steady demand for service and product enhancements, we implemented [a storage solution] that gives us the flexibility to respond to customer demands by allowing us to easily upgrade performance and capacity as needed."

Wheaton Franciscan Services is a not-for-profit US healthcare and housing organisation with more than 100 health and shelter service affiliates. It says it is realising the increased capacity and performance benefits of its migration.

Scott Harrison, San manager, says, "In order to support the continued growth of our healthcare organisation, we [wanted to] simplify our increasingly complex IT environment with a reliable and cost-effective storage solution. Upgrading ensures that our storage infrastructure is able to accommodate growth while improving the manageability of storage assets."

HP contends that its EVA disk array family delivers the industry's lowest total cost of ownership in a virtualised array and meets a broad range of budget, capacity and performance requirements for potential customers.

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