CSFB's Pershing Chooses IBM to Manage and Protect Financial Data

Pershing develops world's largest IBM mirrored data center

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ARMONK, NY & JERSEY CITY, NJ - 28 Jan 2002: IBM and Pershing, a Credit Suisse First Boston company, today announced implementation of an advanced computing infrastructure designed to provide Pershing customers with reliable, near uninterrupted access to business-critical information.

Under the initiative, Pershing selected IBM to help build an integrated IT environment comprised of IBM servers, storage systems, and software. The technology installation features a mirrored data center that automatically copies more than 20 terabytes (7,300 volumes) of information - equal to the text content of 20 million 400-page books - between Pershing's primary and secondary technology centers. This nearly instantaneous data backup helps ensure that business-critical information is available to Pershing and its 750 financial services customers in the event of a business disruption.

"Our emphasis on ensuring the integrity and availability of the securities data we receive and deliver led us to choose IBM. We needed a technology supplier who could develop and build a mirrored data center that supports our commitment to providing high quality, uninterrupted service to our customers," notes Brian T. Shea, Chief Operating Officer, Pershing. "Our ability to provide consistent, reliable service to our customers and their clients has always been a primary focus and is an important measure of Pershing's success."

Pershing's mirrored data center, which is supported by ten IBM TotalStorage Enterprise Storage Server (code named "Shark") systems and two IBM eServer z900 mainframes, is the largest of its kind to utilize IBM's Geographically Dispersed Parallel Sysplex (GDPS) and Extended Remote Copy (XRC) software technologies. GDPS and XRC are advanced software functions that enable Pershing to instantly copy information between the primary and secondary data centers. IBM Global Services provided consulting and product specialists to the project, enabling Pershing to design, install, and launch the mirrored data center in just nine months.

"Demand for online financial information and transactions is growing exponentially, and leading financial services firms like Pershing are turning to IBM for the integrated computing infrastructures they require to support mission-critical, 24x7 data availability," said Ted Clark, vice president of storage systems solutions, financial sector for IBM. "Pershing's unique mirrored data center is the largest IBM storage installation of its kind and demonstrates our ability to deliver leading-edge solutions for the most technologically-challenging customer environments."

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