Long-term Support For Compliance Laws - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Hardware & Infrastructure

Long-term Support For Compliance Laws

Industry-standard hardware might make the most sense for financial-services firms

Driven by stricter government rules regarding customer data in the financial-services industry, Essex Investment Management LLC next month will go live with a storage system that meets the requirements, such as ensuring that certain types of records can't be deleted.

The investment firm, which manages $6 billion, looked at systems from Network Appliance Inc. and Storage Technology Corp. but late last year narrowed its choice to either EMC Corp.'s Centera, a proprietary hardware and software storage system, or Permabit Inc.'s Permeon Compliance Vault, built on industry-standard servers. Essex chose Permabit, which was half the cost of the EMC system and, more important, appeared to offer more flexibility and scalability, says Randy Wilson, assistant VP of IT at Essex. "Permeon runs on Dell commodity hardware, and if I run low on capacity I could easily buy new disk space," Wilson says. Permeon also runs on IBM and Hewlett-Packard hardware.

Because of requirements in the Sarbanes-Oxley Act and the Securities and Exchange Commission's 17a-4 rule, other financial-services companies may find systems based on standard hardware a good choice. The 17a-4 rule requires that financial companies retain unaltered customer data for at least seven years. "Seven years seems like forever" in terms of IT infrastructure, Wilson says, so it makes sense to go with a system that can run on a variety of hardware.

Permabit uses CommVault Systems Inc.'s Galaxy software for backup and recovery but its own content-addressable software for indexing data. EMC's Centera and other content-addressable systems are bound to the hardware they come with, says John Webster, an analyst at Data Mobility Group. "With Permabit, customers could change the hardware underneath and keep the software the same," he says. A 2-terabyte Permeon appliance starts at about $60,000.

EMC says its Centera system offers superior performance because of the integrated hardware and software. It recently increased Centera's storage capacity without raising the price.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Augmented Analytics Drives Next Wave of AI, Machine Learning, BI
Jessica Davis, Senior Editor, Enterprise Apps,  3/19/2020
Slideshows
How Startup Innovation Can Help Enterprises Face COVID-19
Joao-Pierre S. Ruth, Senior Writer,  3/24/2020
Commentary
Enterprise Guide to Robotic Process Automation
Cathleen Gagne, Managing Editor, InformationWeek,  3/23/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll