Burgan Bank utilizes HP solution to reduce business Risks with Storage and Disaster Recovery Solutions
June 30, 2008 - Kuwait : Burgan Bank utilizes HP solution to reduce business Risks with Storage and Disaster Recovery Solutions
HP Middle East announced today that it has signed an agreement with Burgan Bank in Kuwait to provide the bank with the latest storage solutions that will further help reduce risks and improve business outcomes.
Being a leader in retail and commercial banking in the region, Burgan Bank offers its customers a full range of streamlined and advanced banking services through innovative technology systems within all its branches. Burgan Bank always seeks to develop its IT infrastructure with high quality solutions to be able to grow activities with diversified and innovative investment and financial products as well as expand its retail network.
HP offers a large portfolio of storage and data recovery solutions that help reduce business risks, thus allowing the constant availability and better manageability of data. To help Burgan Bank customers receive the highest quality of service, HP has provided the bank with a new advanced storage solution, the HP XP24000, designed to improve application availability with data recovery in minutes, which will prove to be extremely cost effective.
“Due to our continued growth and with the recent expansion strategy, we at Burgan Bank required an upgrade storage solution to serve us better both from a local and a regional perspective. The new system provides us with a state-of-the-art platform from which to migrate and grow, while maintaining flexibility and efficiencies”, said Simon Clements, Burgan Bank's Operations Senior General Manager.
In addition, HP XP24000 provides disk-based replication and recovery of business application databases. It also offers a flexible storage environment suitable for storage consolidation, which can also connect to the non-stop server environment.
“HP aims to help Burgan Bank achieve its targeted business outcomes through its large portfolio of the latest storage and data recovery solutions tailored to meet the ongoing needs of the banking sector,”, said Khaled Talaat, Country Manager, Technology Solutions Group, HP Kuwait.
“I would like to recognize the valuable efforts of our partner Hasibat who was instrumental in driving this agreement and acting today as Prime Contractor for this deal” Talaat added.
Hasibat is the regional diversified holding company and strategic investor in services that focuses on information technologies for various industries in Kuwait.
About Burgan Bank
Burgan Bank is a subsidiary of KIPCO (Kuwait Projects Company). The youngest and most dynamic bank in the State of Kuwait in 1977, the bank has acquired a leading role in the retail, corporate and investment banking sector through innovative product offers and technologically advanced delivery channels. It has continuously improved its performance over the years by applying an expanded revenue structure, good asset quality, diversified funding sources and a strong capital base.The adoption of state-of-the-art services and ground-breaking technology has positioned the Bank as a trendsetter in the domestic market. At present Burgan Bank enjoys a wide reach through its network of 21 branches, close to 100 ATMs and one of the widest drive-through ATM networks in the GCC.