Customers realize immediate ROI from new version of Backup Exec software
NEW YORK - January 18, 2005 - VERITAS Software Corporation (Nasdaq: VRTS) customers are already enjoying the extensive new capabilities of Backup Exec™ 10.0 software. Windows-based businesses have selected Backup Exec 10.0, the Gold Standard in Windows Data Protection, to help protect their business critical data, centralize management and administration and expedite data recovery while simultaneously helping reduce their overall IT costs. The Office of the Comptroller of Currency (OCC), Stanley Aviation, Washington and Lee University and Farmers and Merchants Bank are already using Backup Exec 10.0 for fast disk-based data protection that is simple to grow and manage.
The Office of the Comptroller of Currency was established in 1863 as a bureau of the U.S. Department of the Treasury. The OCC charters, regulates and supervises all national banks. It also supervises the federal branches and agencies of foreign banks. Headquartered in Washington, D.C., the OCC has four district offices, including an office in London to supervise the international activities of national banks. The OCC, which has been a longstanding VERITAS Backup Exec software customer since 1997, currently backs up two terabytes of data each day and must complete nightly backups within a four-hour window. Using Backup Exec 10.0 for centralized management of their multi-tiered server architecture, the OCC has improved performance and expects to reduce the time spent on manual backups by an estimated 33 percent.
"Previously, we spent a lot of time managing our backups manually," said Eric Reid, systems engineer, Comptroller of Currency. "With Backup Exec 10.0, we're now able to set policies to distribute our backups across multiple media servers, which helps us greatly simplify data management and prevent accidental data loss."
Stanley Aviation, an industry leader in the design, development and manufacture of aerospace components, has relied upon VERITAS Backup Exec software for simple, reliable data protection since 1998. With 27 servers operating across multiple locations that must be backed up regularly, Stanley Aviation implemented VERITAS Backup Exec 10.0 to consolidate backups locally from remote offices to decrease administration costs and further simplify its data protection strategy.
"The needs of the business drive our IT investments and one critical business objective is driving down our costs. We've counted on VERITAS to protect our data for more than six years, and the latest version of Backup Exec will now help us cost-effectively protect the important data in our remote offices through a single, centralized management console at headquarters," said Mike Menard, systems and data administrator, Stanley Aviation. "With Backup Exec 10.0 software, I will be able to easily protect the data in our branch offices without investing in remote office hardware and administrators."
Washington and Lee University, based in Lexington, Virginia, is using Backup Exec 10.0 to protect more than 2.5 terabytes of data, including all university emails, across multiple media servers. With data growth of 50 percent annually, Backup Exec software is helping the university reduce administration costs and ensure that important staff and student information is protected and immediately accessible. The university anticipates a 20 percent improvement in IT staff productivity using Backup Exec 10.0, allowing them to focus on building value-added applications for the university, rather than managing backup.
"As a university, we need to maximize every dollar invested in IT to stay within the confines of our budgets," said Jim Bollinger, systems and network engineer, Washington and Lee University. "We have a small system administration team and the Central Administration Server Option in Backup Exec 10.0 will help us greatly reduce administration costs by providing one central console to manage and monitor all of the Backup Exec servers in our data center."
Farmers and Merchants Bank is a privately held regional bank, which operates 20 branches in Los Angeles County and Orange County, California. They provide a full range of advanced personal and business banking services. A VERITAS customer since 1999, Farmers and Merchants Bank is now using VERITAS Backup Exec 10.0 software and Replication Exec software to automate and centralize backup and replication for each of its branch offices to its central headquarters location. Using Backup Exec 10.0 software and Replication Exec software, the bank is able to minimize the risk of losing critical customer data, while drastically reducing the time and costs previously spent on back up and replication at each individual branch.
"As a bank, we needed a storage solution that met our industry-specific requirements for protecting critical customer data and VERITAS provided us with the perfect fit," said Robert Graham, CIO, Farmers and Merchants Bank. "Working together, Backup Exec 10.0 and Replication Exec help us greatly simplify the data protection process, allowing us to replicate critical customer information from all 20 branches to one central location where it can be backed up and protected. Using VERITAS Backup Exec 10.0 and Replication Exec, we anticipate a 20 percent improvement in IT staff productivity."
About VERITAS Software
VERITAS Software, one of the top 10 largest software companies in the world, is a leading provider of software and services to enable utility computing. In a utility computing model, IT resources are aligned with business needs, and business applications are delivered with optimal performance and availability on a shared computing infrastructure, minimizing hardware and labor costs. VERITAS products and services for data protection, storage & server management, high availability and application performance management are used by 99 percent of the Fortune 500. More information about VERITAS Software can be found at www.veritas.com
This press release may include estimates and forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These forward-looking statements involve a number of risks and uncertainties, including the risk that our products will not perform as well as expected, the risk that we will not gain market acceptance of our products and services, the risk that we will not be able to maintain the quality of our end-user customer and partnering relationships and the risk that we will not manage our business effectively, that could cause the actual results we achieve to differ materially from such forward-looking statements. For more information regarding potential risks, see the "Factors That May Affect Future Results" section of our most recent annual and quarterly report on file with the SEC. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date hereof.
Copyright © 2005 VERITAS Software Corporation. All rights reserved. VERITAS, the VERITAS Logo, Backup Exec, Enterprise Vault, Replication Exec, and Storage Exec are trademarks or registered trademarks of VERITAS Software Corporation or its affiliates in the U.S. and other countries. Other names may be trademarks of their respective owners.