Banco Santander International, Carnival Cruise Lines, Children's Healthcare of Atlanta, Credit Suisse Group, Farmers and Merchants Bank, Hyundai Department Store, Mauritius Commercial Bank, NTT Communications, SMART Communications, Inc. and Somerfield Stores receive 2005 VISIONARY Awards
SAN FRANCISCO -- VERITAS VISION 2005 - April 25, 2005 - VERITAS Software Corporation (Nasdaq: VRTS) today announced the 2005 VISIONARY Awards, recognizing IT leaders from around the world for their vision and innovation in the use of VERITAS products. Selected by a committee of executives and technologists, the 2005 VISIONARY award winners represent a range of industries, global markets and geographic locations.
The 2005 VISIONARY award winners include Banco Santander International, Carnival Cruise Lines, Children's Healthcare of Atlanta, Credit Suisse Group, Farmers and Merchants Bank, Hyundai Department Store, Mauritius Commercial Bank, NTT Communications, SMART Communications, Inc. and Somerfield Stores. Award recipients were chosen based on their innovative use of VERITAS software to achieve quantifiable business results.
Carnival Cruise Lines: VISIONARY Customer Impact Doug Eney, vice president of information systems engineering at Carnival Cruise Lines, is recognized for his innovation in using technology to improve Carnival's online customer service. When it came time to design and implement a web site focused on enhancing the online guest and travel agent experience, Carnival's IS team implemented VERITAS i3 application management software to help ensure the site would meet expected performance requirements in a cost-effective manner. As a result, Carnival has reduced web page response times to less than one and a half seconds, ensuring an optimal experience for its online guests and travel agents.
Children's Healthcare of Atlanta: VISIONARY Cost Avoidance Impact Jack Storey, CIO of the not-for-profit Children's Healthcare of Atlanta, is recognized for using technology to deliver better patient care, while drastically reducing costly hardware expenditures. Storey implemented VERITAS software to create a disaster recovery solution that would leverage the hospital's existing storage hardware investment for a secondary data center site. As a result, Children's Healthcare of Atlanta immediately saved $2 million in hardware costs and expects to save $4 million over four years. More importantly, the disaster recovery solution is helping the hospital ensure that its clinical systems are available 24/7, helping them deliver better patient care.
Banco Santander: VISIONARY Business Continuity Impact Agustin Abalo, senior vice president and CIO at Banco Santander, is recognized for his leadership in using technology to protect critical customer information. Thanks to the business continuity plan developed by Agustin, Banco Santander's U.S. operation in Miami was able to weather the storms that affected southern Florida in 2004, with no impact to its business-critical systems or customer service. Agustin and his team developed the business continuity solution using VERITAS Volume Replicator and Peribit PeriSphere technology to automatically replicate critical data between Banco Santander's sites in Miami and New York, ensuring consistent data protection and high availability in the face of a potential disaster. Even though they took systems in Miami offline three times during the hurricanes, Banco Santander experienced no interruption to business activity or access to customer data. And because the solution leverages their existing hardware investments, the solution has also helped Banco Santander save more than $100,000 annually.
Farmers and Merchants Bank: VISIONARY Employee Impact Robert Graham, senior vice president of information systems at Farmers and Merchants Bank, is recognized for using technology to transform a standard business process. Connecting backup operations for its 20 branches across Orange and Los Angeles counties in Southern California is a business-critical requirement for Farmers and Merchants Bank. With a focus on improving employee productivity, Graham and his team developed a centralized remote office data protection solution based on VERITAS Backup Exec and Replication Exec software. As a result of the automated solution, Farmers and Merchants Bank branch managers no longer need to manually handle tape backups and ship them to the main data center—saving the branches 75 hours every week. The solution benefits the bank's IT staff as well, improving their productivity by 20 percent.
Hyundai Department Store: VISIONARY Sales Operations Impact Jong-Soon Kim, CIO of Hyundai Department Store, is recognized for his outstanding efforts in using technology to improve business performance and staff productivity. Korean retailer Hyundai Department Store prides itself on a history of innovative technology thought leadership. When it came time to deploy a next-generation sales support system, Kim proactively pinpointed the need to concurrently integrate an application performance management solution. Using VERITAS i3 software, Hyundai was able to roll out its sales support system one month ahead of schedule. Ongoing benefits include a 40 percent improvement in system performance, driving a 20 percent improvement in staff productivity. The new sales support system is also able to support more than a 30 percent increase in transactions since 2001.
"VERITAS employees worldwide are constantly inspired by the innovative ways that customers use our products to align their IT operations with their business requirements – a key milestone on their way to utility computing," said Gary Bloom, chairman, president and CEO, VERITAS Software. "The 2005 VISIONARY Award recipients have used VERITAS technology to drive true business results and we celebrate their innovation and success."
About VERITAS Software
VERITAS Software, one of the 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 top of shared computing infrastructure, minimizing hardware and labor costs. With 2004 revenue of $2.04 billion, VERITAS delivers products and services for data protection, storage & server management, high availability and application performance management that are used by 99 percent of the Fortune 500. More information about VERITAS Software can be found at www.veritas.com
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 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, i3, and Replication 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.