Unisys Strikes Server-System Agreement with Major Canadian Bank
Unisys ClearPath Libra servers help financial-services leader, BMO Financial Group, reduce operating costs and boost environmental initiatives
Toronto - Unisys Corporation (NYSE: UIS) today announced that its wholly owned subsidiary Unisys Canada Inc. has received a four-year contract from BMO Financial Group (NYSE: BMO) for Unisys ClearPath mainframe-class server systems and related support services. The contract was signed in the fourth quarter of 2008.
The two Unisys ClearPath Libra Model 690 servers provide BMO Financial Group with the capability for faster execution of key banking applications. Replacing BMO’s existing Unisys systems with the ClearPath Libra Model 690 servers will effectively help the Bank reduce some of its operational expenses, because the newer systems provide a four-year total cost of ownership that is 40% less than that of the older systems.
The new ClearPath systems also help contribute to BMO Financial Group’s environmental initiatives, dramatically reducing energy consumption by approximately 85% when compared to the current systems.
“BMO Financial Group is committed to providing our customers with exceptional service through a diverse suite of leading financial products,” said Georgia Woods, vice president, Application Management Services, BMO Financial Group. “Unisys ClearPath servers’ high performance and reliability help us provide the systems availability our customers expect from BMO, helping us deliver great customer experiences, every day.“
The pay-for-use metering capability of the ClearPath Libra Model 690 servers can contribute significantly to reducing an enterprise’s operational costs. This feature allows users to handle dynamically changing workloads economically by providing maximum system capacity during peak processing times and minimizing costs when system usage is low. Users pay only for the exact amount of processing power used, as it is used, based on state-of-the-art usage monitoring.
Housed in BMO’s two data centers, the ClearPath systems provide mirrored capabilities for enhanced business continuance. They also employ an open systems architecture, with support for the Microsoft Windows operating environment complementing the Unisys MCP operating environment.
“Unisys is committed to providing innovative systems and solutions that help clients such as BMO Financial Group further their strategic business objectives, streamline operations and serve customers more efficiently,” said Bill Maclean, vice president, ClearPath programs, Unisys.
For more information about the Unisys ClearPath Libra systems, please visit http://www.unisys.com/products/mainframes/mcp__mainframes/model__specifications.htm#1.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly diversified North American financial services organization. With total assets of $416 billion as at October 31, 2008, and 37,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions. BMO Financial Group serves clients across Canada through its Canadian retail arm, BMO Bank of Montreal, and through its wealth management firms BMO Nesbitt Burns, BMO InvestorLine and BMO Harris Private Banking. BMO Capital Markets, our North American investment and corporate banking division, provides a full suite of financial products and services to our North American and international clients. BMO also serves personal and commercial clients in the United States through Chicago-based Harris, an integrated financial services organization that provides more than one million personal and business clients with banking, lending, investing, financial planning, trust administration, portfolio management, family office and wealth transfer services.
Unisys is a worldwide information technology company. We provide a portfolio of IT services, software, and technology that solves critical problems for clients. We specialize in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents, and modernize their enterprise applications. To provide these services and solutions, we bring together offerings and capabilities in outsourcing services, systems integration and consulting services, infrastructure services, maintenance services, and high-end server technology. With more than 28,000 employees, Unisys serves commercial organizations and government agencies throughout the world. For more information, visit www.unisys.com.
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