EMC Corporation Announces Largest Banking Industry Data Center Installation

Strategic Insights -

EMC Corporation, a world leader in data storage and retrieval technology, has announced that First Union Corporation, the nation's ninth largest bank holding company, has purchased additional Symmetrix 5500-9 Integrated Cached Disk Arrays (ICDA) for its mission-critical applications. This latest purchase makes First Union the largest EMC data center in the banking industry, with over five terabytes of data now stored on EMC systems.

EMC's Symmetrix 5500-9 arrays were chosen by First Union after a competitive comparison of data storage systems. The high-performance storage systems will support First Union's mission-critical applications, including ATM and branch operations networks and consumer loan processing. According to Carter Pittman, Director of First Union's Systems Operations Division, "First Union is continually looking for ways to deliver superior, high-quality service to its customers." The Symmetrix 5500-9 has helped First Union achieve this objective as it continues to expand its business.

Key Takeaways:

  • First Union Corporation, the nation's ninth largest bank holding company, has purchased additional Symmetrix 5500-9 ICDA systems for its mission-critical applications.
  • This latest purchase makes First Union the largest EMC data center in the banking industry, with over five terabytes of data now stored on EMC systems.
  • The Symmetrix 5500-9 arrays were chosen by First Union after a competitive comparison of data storage systems.
  • The high-performance storage systems will support First Union's mission-critical applications, including ATM and branch operations networks and consumer loan processing.
  • Carter Pittman, Director of First Union's Systems Operations Division, stated that First Union is continually looking for ways to deliver superior, high-quality service to its customers.
  • Michael C. Ruettgers, EMC President and CEO, said that financial institutions that successfully manage their data will not just survive but thrive in the industry.

Statistics:

  • First Union has now stored over five terabytes of data on EMC systems.
  • The Symmetrix 5500-9 arrays can hold up to a terabyte of information and as much as 4 GB of cache memory in just 17 square feet.
  • EMC offers customers a range of user-selectable data protection options, including Mirroring (RAID-1), RAID-S, and Symmetrix Remote Data Facility (SRDF).
  • The Symmetrix 5500-9 series has list prices ranging from $829,000 to $3.4 million.

Sources:

  • "EMC Corporation. (1995, May 1). EMC Announces First Union Corporation as Largest EMC Data Center in the Banking Industry [Press release]."
  • "EMC Corporation. (1995, May 1). First Union Corporation Chooses EMC for Mission-Critical Applications [Press release]."