The global financial services company purchased five CNT UltraNet Storage Directors eXtended (USD X) and twelve UltraNet Edge Storage Routers for remote data replication, tape vaulting, and data migration projects. The first project will use the USD-X to extend a new tape vault between New York and New Jersey, enabling the company to safely store information and data in case of an accident or disaster. The second remote replication project will use the UltraNet Edge Storage Router to extend the network over 3,000 miles. The last is a data migration project from a data center in New York to a data center in the southeastern United States. CNTs services professionals will work with the customers IT staff to successfully relocate the data from New Jersey to New York in order to reduce risk and maintain business continuity during the transition. In addition to the hardware, each of these deals includes CNT maintenance and services.
Throughout CNTs twenty year history, our extension products have formed a crucial part of the financial sectors IT backbone. We have established our reputation by helping customers successfully move, manage, consolidate and protect their data in a timely and cost-effective manner, said Tom Hudson, CNTs President and CEO. In June, we announced a three-year, $11.5 million managed service contract from another leading financial institution in the Western United States. With this announcement today, we enhance the value we provide to our customers who rely on CNT technology for their business continuity and disaster recovery needs.