EastWest Bank Chooses HP to Build Private CloudHP Converged Infrastructure delivers flexible, dynamic platform to support business growth and competitiveness
PALO ALTO, Calif. HP today announced that EastWest Bank, one of the fastest growing banks in the Philippines, has selected HP Converged Infrastructure to provide a modern, flexible and agile foundation to keep pace with business demands and transition to private cloud.
Established in 1994, EastWest Bank has successfully competed with large multinational banks to become one of the largest credit card issuers and providers of auto loans in the Philippines. Technology upgrades to support new client services, including a new automation program, have been instrumental to the bank's success. However, the company realized that its legacy IT infrastructure hindered productivity. This included an end-of-day financial system closing process that required a minimum of six hours to complete.
After evaluating solutions from IBM and EMC, EastWest Bank selected HP Converged Infrastructure to streamline IT operations, reduce costs and scale its IT infrastructure in response to increasing customer transactions.
The upgraded infrastructure includes the HP 3PAR StoreServ T400 Storage System, for scalable, flexible and cost-efficient storage. EastWest Bank also deployed HP ProLiant DL360 Servers to optimize performance per watt and square foot, while maximizing power efficiency with shared power supplies.
Our previous system didn't give us enough flexibility to meet our daily business needs; the infrastructure was limiting because we were unable to allocate storage between systems, said Randy Evangelista, vice president and head, Information Technology Group, EastWest Bank. By implementing HP Converged Infrastructure, we've taken an important step towards building a private cloud and delivering a dynamic and flexible IT environment that can keep pace with our business demands.
To ensure business continuity, EastWest Bank deployed one HP 3PAR StoreServ T400 Storage System at its production data center and another at its disaster recovery site. The ability to consolidate thousands of virtual machines onto a single storage system enables the company to easily handle the increase in workload and support further growth.
Implementing HP 3PAR StoreServ has enabled EastWest Bank to achieve its primary objective of reducing end-of-day processing time by 40 percent. Data recovery time for all mission-critical systems was also reduced from up to four hours to only one hour. This includes core banking and other principal financial applications. Additionally, sharing and maximizing storage capacity enables EastWest Bank to eliminate the need to purchase additional hardware. The updated infrastructure offers 80 TB of total storage capacity, approximately five years of data, to meet important financial industry data storage requirements.(1)
Throughout EastWest Bank's transition to HP Converged Infrastructure, HP Technology Services provided consulting and support expertise for infrastructure design, implementation and migration. Working hand in hand with EastWest Bank, HP's technical experts ensured the correct design to meet EastWest Bank's specific infrastructure needs.
HP's premier EMEA client event, HP Discover, takes place Dec. 10-12 in Barcelona, Spain.
(1) EastWest Bank internal calculations.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance, market share or competitive performance relating to products and services; any statements regarding anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the need to address the many challenges facing HP's businesses; the competitive pressures faced by HP's businesses; risks associated with executing HP's strategy; the impact of macroeconomic and geopolitical trends and events; the need to manage third party suppliers and the distribution of HP's products and services effectively; the protection of HP's intellectual property assets, including intellectual property licensed from third parties; risks associated with HP's international operations; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its suppliers, customers and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the execution, timing and results of restructuring plans, including estimates and assumptions related to the cost and the anticipated benefits of implementing those plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP's Quarterly Report on Form 10-Q for the fiscal quarter ended April 30, 2013 and HP's other filings with the Securities and Exchange Commission, including HP's Annual Report on Form 10-K for the fiscal year ended October 31, 2012. HP assumes no obligation and does not intend to update these forward-looking
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EastWest Bank Chooses HP to Build Private CloudHP Converged Infrastructure delivers flexible, dynamic platform to support business growth and competitiveness
