IBM signs deal with Daiwa Capital Markets
IBM has signed an agreement with Daiwa Capital Markets to help it with the recovery of their work environment by leveraging IBMs Work Area Recovery (WAR) solution, while also offering technical support. The new IT set-up will act as an alternate backup site from where business operations could resume and function even during disruptions that may arise due to unforeseen circumstances.
Sammeer Saurabbh, Executive Director - IT, said, "In the highly competitive capital markets sector, where our business is dependent on our ability to process larger number of financial transactions continuously to meet Service Level Agreements (SLAs) as well as cater to sudden spikes in trading, any unplanned downtime can mean significant financial losses, besides important intangibles like loss of reputation and damage to brand value. Also, we did not want to invest in building an alternate work area and keep it unused till disaster strikes. Choosing IBM's infrastructure recovery services not only ensures an alternate work environment to minimize loss of employee productivity and meets our implicit need for continuous operations, but also helps in increasing our risk tolerance while giving us the flexibility to deal with our mission-critical operations."
K. S. Raghunandan, Director, Integrated Technology Services, Global Technology Services IBM India/South Asia, said, "In a global economy, as the number of natural as well as manmade disruptions is on the rise, work area recovery is a key part of a business continuity plan. Today, businesses are increasingly affected by the regulatory environment and need to maintain high levels of availability and disaster preparedness. Through our Infrastructure Recovery Services, we are providing a comprehensive disaster recovery and business continuity solution to Daiwa to meet their continuity requirements and also enable their employees to stay productive at all times."
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