ON Technology Solution Selected
by SunTrust for Remote Management of 1,000-Plus Branch
Locations & Strategic Windows 2000 Roll-Out
ON Command CCM® allows SunTrust
to reduce IT costs,
minimize downtime of mission-critical banking workstations,
and provide superior customer service
MA (May 28, 2002)- - ON Technology (NASDAQ:ONTC),
a leading provider of enterprise infrastructure management
solutions, today announced that SunTrust Banks, Inc.
has placed a new order for 12,000 ON Command CCM®
software licenses to supplement the 2,000 licenses that
had previously been purchased and successfully deployed
in their environment. SunTrust Banks, based in Atlanta,
Georgia, is one of the nation's largest commercial banking
SunTrust is using ON Command CCM
to provide remote systems management for 15,000 mission-critical
banking workstations in 1,000-plus branch locations.
ON Command CCM is also being used to fully-automate
the bank's strategic roll-out of Windows® 2000 and
Active Directory, as well as provide one-click disaster
recovery in case of accidental misconfiguration or corruption.
"Our selection of ON Technology
underscores our commitment to embrace proven, cutting-edge
technology to achieve our business, financial and customer-service
goals," said Michael Hartness, Senior Vice-President
of Technology Operations at SunTrust Banks. "ON
Command CCM is a proven and comprehensive solution that
allows us to be more efficient while simultaneously
providing better service to our customers."
By "pushing" operating systems, applications,
and content over the bank's existing network infrastructure,
from centralized management servers, ON Command CCM
eliminates the need for technicians to physically travel
to remote and widely-dispersed branch locations in order
to install software or rebuild malfunctioning systems.
As a result, ON's advanced solution significantly reduces
IT costs while minimizing downtime for the bank's mission-critical
workstations, thereby further enhancing SunTrust's reputation
for superior customer-service.
"We are pleased to be partnering
with SunTrust on this strategic technology initiative,"
said Robert L. Doretti, Chairman, President and CEO
of ON Technology. "We consider the banking industry
to be a key vertical market for our revenue growth,
due to its requirements for availability, reliability
and scalability in a highly-distributed, mission-critical
environment. We look forward to continuing to support
SunTrust Banks with industry-leading software and services
that further enhance the bank's competitive advantage."
Unlike conventional management
solutions that can only be used to deploy applications
and content, ON Command CCM is the only enterprise-class
system that offers end-to-end lifecycle management including
operating system deployments and one-click disaster
recovery. This unique capability eliminates the need
for technicians to "touch" every computer,
thus significantly reducing the time and cost to perform
enterprise-wide roll-outs of next-generation operating
systems such as Windows 2000 and Windows XP, while at
the same time providing a powerful management infrastructure
for ongoing software updates and highly-responsive Help
SunTrust will also be using ON
Command CCM to provide lifecycle management for a broad
range of enterprise software components including:
- The Windows 2000 operating system
with Active Directory.
- Critical banking applications,
content, and mainframe access software.
- Standard productivity applications
such as anti-virus software, email, browsers, and
About SunTrust Banks
SunTrust Banks, Inc., headquartered in Atlanta, Georgia,
is one of the nation's largest commercial banking organizations.
As of March 31, 2002, SunTrust had total assets of $106.2
billion and total deposits of $69.5 billion. The company
operates through an extensive distribution network in
Alabama, Florida, Georgia, Maryland, Tennessee, Virginia
and the District of Columbia and also serves customers
in selected markets nationally. Its primary businesses
include deposit, credit, trust and investment services.
Through various subsidiaries the company provides credit
cards, mortgage banking, insurance, brokerage and capital
markets services. SunTrust's Internet address is www.suntrust.com.
About ON Technology Corporation
ON Technology empowers IT organizations and service providers to manage the full lifecycle of their computing systems over large-scale corporate networks. Our solutions are used to rapidly and reliably deploy critical applications, operating systems, and content to desktops, mobile PCs, handhelds, servers, retail point-of-sale (POS) terminals and banking workstations. Our customers leverage our solutions to significantly reduce IT costs, improve availability and reliability of business-critical applications, and enhance both IT and end-user productivity. ON’s management solution has been chosen by more than 1,000 enterprises worldwide to manage in excess of 1.2 million networked computer systems. For more information visit ON Technology’s Web site at www.on.com or call 800-767-6638.
Gerald Kimber White
Allen & Caron Inc.
ON Technology, ON Command, and ON Command CCM are registered trademarks, and the ON logo and ON iCommand are trademarks of ON Technology Corporation. Microsoft and Windows are either registered trademarks or trademarks of Microsoft Corporation in the United States and other countries. All other brand names and trademarks are properties of their respective owners.
The statements in this press release that relate to ON Technology’s future plans, events and performance are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve a number of risks and uncertainties. Some of the important factors that could cause actual results to differ materially from those indicated by the forward-looking statements are general economic conditions, including the current weakness in the global economy, demand for the Company’s products and services, performance of the Company’s direct and indirect distribution channels, competitive pressures, market acceptance of the Company’s new products and technologies, and the risk factors detailed from time to time in ON Technology’s periodic reports filed with the Securities and Exchange Commission, including without limitation the Company’s Quarterly Report on Form 10-Q for the third quarter of 2003 filed in November 2003. Actual results and performance may differ materially due to these and other factors. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release. ON Technology undertakes no obligation to release publicly any updates or revisions to any forward-looking statements contained in this press release that may reflect events or circumstances occurring after the date of this press release.
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