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Securities Firm Boosts Data Center Performance with Solutions from HP


HP 3PAR Utility Storage helps Samuel A. Ramirez & Co. improve responsiveness, lower costs

PALO ALTO, Calif., HP today announced that Samuel A. Ramirez & Co Inc., a New York-based full-service securities firm, has chosen HP 3PAR Utility Storage, a key element of the HP Converged Infrastructure strategy, to improve customer responsiveness and lower costs.

Samuel A. Ramirez & Co., which manages more than $2 billion in customer assets, needed to improve customer response time to support future growth objectives. Due to its aging storage infrastructure, the firm continuously encountered access issues when searching the database on its storage area network (SAN). This resulted in delays of several minutes, which can lead to lost revenue in the securities business. Additionally, storage administration tasks and manual data backup activities required up to four hours a day to complete.

Working with HP partner ESI, Samuel A. Ramirez & Co. chose HP 3PAR Utility Storage, a virtualized, multitenant disk array, to replace its inefficient SAN.

“A slow, unresponsive storage infrastructure was clearly impacting our ability to keep up with the demands of our time-sensitive business,” said Jason Elizaitis, chief technology officer, Samuel A. Ramirez & Co. “HP 3PAR Utility Storage provided us with a scalable infrastructure that improved our current response times to customers, while allowing us to expand our business without concern that our storage infrastructure wouldn’t keep up.”

The firm’s infrastructure now includes HP 3PAR F400 Storage System, HP 3PAR Remote Copy and HP 3PAR Virtual Copy Software, enabling Samuel A. Ramirez & Co. to:

Improve network performance by a factor of 24 as a result of the HP solution’s wide striping technology, which ensures workloads are distributed evenly across storage capacity resources.(1)
Lower costs and reduce data center footprint by deploying a single HP 3PAR Storage System instead of three legacy arrays.
Reduce risk with HP 3PAR Remote Copy and HP 3PAR Virtual Copy Software, which deliver quick, efficient backup as well as disaster recovery.

HP Converged Infrastructure is a core component of an Instant-On Enterprise. In a world of continuous connectivity, the Instant-On Enterprise embeds technology in everything it does to serve customers, employees, partners and citizens with whatever they need, instantly.

HP’s premier client event, HP DISCOVER, takes place June 6 - 10 in Las Vegas and Nov. 29 - Dec. 1 in Vienna, Austria. The event showcases how organizations can get started on their Instant-On Enterprise journeys.

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(1) Based on documented client results; performance improvement from 300 IOPs on legacy environment to 7,200 IOPs on the HP 3PAR Storage System.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include macroeconomic and geopolitical trends and events; the competitive pressures faced by HP’s businesses; the development and transition of new products and services (and the enhancement of existing products and services) to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected operational and financial results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2011 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2010. HP assumes no obligation and does not intend to update these forward-looking statements.


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