CitiStreet is replacing RISC with Itanium, CIO Strasnick says.
CitiStreet LLC, a joint venture between CitiGroup Inc. and State Street Corp., plans to replace 64 PA-RISC processors in its two HP Superdome servers with Itanium 2 processors. CitiStreet in 2001 migrated its record-keeping application for retirement plans off an IBM mainframe and onto an HP Superdome running PA-RISC processors. The application--SunGard Data Systems Inc.'s Cobol-based OmniPlus--processes retirement-plan information for more than 5 million people working in academia, business, and government. CitiStreet estimates that move saved about $4 million annually. Now CitiStreet is looking to save even more money by moving to Itanium 2.
HP's partnership with Intel is a model that CitiStreet strives for in its business, CIO Barry Strasnick says. "Instead of spending the same billions of dollars as Intel, why not leverage their [combined] investment?"