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HP Announces New Customer Wins for its Midrange Storage Line

Rydex Investments and Wheaton Franciscan Services have deployed HP StorageWorks

HP today announced that Rydex Investments and Wheaton Franciscan Services have deployed HP StorageWorks Enterprise Virtual Arrays (EVAs) in their IT environments.

The HP EVA disk array family delivers the industry’s lowest total cost of ownership in a virtualized array and meets a broad range of budget, capacity and performance requirements for customers. In a recent storage industry benchmark, the HP EVA8000 midrange disk array offered price/performance that was 64 percent better than a corresponding disk array from IBM.

HP’s EVA family is enjoying solid success in the marketplace – revenue grew 28 percent year-over-year and the company shipped the 20,000th unit in the first fiscal quarter of 2006.

Rydex Investments is one of the fastest growing investment companies in the United States. It implemented an HP StorageWorks storage area network (SAN) solution using an HP EVA6000 to help accommodate the more than 50,000 trades the company makes every day.

“Rydex Investments specializes in serving financial professionals and investors who desire more flexibility than traditional fund companies offer,” said Wayne Cobb, chief technology officer, Rydex Investments. “To keep up with the rapid growth of our business and meet the steady demand for service and product enhancements, we implemented an HP storage solution that gives us the flexibility to respond to customer demands by allowing us to easily upgrade performance and capacity as needed.”

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IT Solutions Guide (ITSG), aimed at development and corporate managers, is a free quarterly supplement focusing on the most competitive tools, solutions, and services available in the IT and infrastructure technology world today.

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Sys-Con Australia News Desk 03/27/06 11:52:57 AM EST

HP today announced that Rydex Investments and Wheaton Franciscan Services have deployed HP StorageWorks Enterprise Virtual Arrays (EVAs) in their IT environments.