Best Practices: Raymond James Financial Honored With “Best Practices In Storage” Award At Storage Networking World

October  30, 2007 

Raymond James Financial, Inc., a CommVault customer, has been recognized by IDG’s Computerworld and the Storage Networking Industry Association (SNIA) as the Fall winner of Storage Networking World’s (SNW) “Best Practices in Storage” award for “Storage Reliability and Data Recovery.” Marking the second consecutive year that a CommVault customer has received this honor, the award recognizes the successful implementation of data management strategies and programs designed to ensure highly available information and data access.

As a leader in the fast-growing and heavily regulated financial services industry driven by explosive data growth, new technology and compliance pressures, Raymond James takes an aggressive approach to the company’s IT investment. With over 600 terabytes of data in several hundred databases, streamlining data management while improving data accessibility is critical. By deploying CommVault software products the St. Petersburg, Fla., IT Department developed and executed a singular approach to backup, archive and disaster recovery to allow 25 percent faster backups and 75 percent faster recoveries. Raymond James also reduced overall operating costs and backup windows, while enhancing manageability and the company’s confidence to meet internal and external compliance requirements.

“Protecting and recovering data have become prominent issues for many businesses, including Raymond James,” said Bruce Philipoom, vice president of information technology at Raymond James. “Our IT initiatives are designed to maximize resources, improve performance and ensure data integrity. CommVault provides us with a single, unified data management software platform that improves the availability of our data. Our backups are reliable, secure and consistent and finish long before we start our next business day – a critical aspect to maintaining our high levels of customer service and efficiency.”

According to David West, CommVault’s vice president of marketing and business development, Raymond James is a pioneer in the field of information technology. “Raymond James is an example of where leading-edge technology meets competitive advantage and we are extremely proud that Raymond James has been recognized for its innovative IT approach. As this award demonstrates, CommVault products enable customers to reduce complexity, increase flexibility and maximize performance in backup and recovery, while providing a single platform to unify protection and recovery across the IT environment.”

SNW, the world’s largest and foremost storage networking event, through its “Best Practices in Storage” awards program, identifies and acknowledges excellence among users of storage technology.

In choosing the winners, a panel of enterprise and storage industry experts evaluated 5 finalists based on case study submissions that profiled the companies, their IT departments and storage challenges, as well as application deployment details, summaries of the key technology used, strategic importance to the business and measurable results.

More information about the award, the honorees and the conference, can be found at www.snwusa.com/awards.html#results and to learn more about CommVault and CommVault customers like Raymond James, please visit the CommVault website at www.commvault.com/.

About CommVault
A singular vision - a belief in a better way to address current and future data management needs - guides CommVault in the development of Singular Information Management solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault’s exclusive single-platform architecture gives companies unprecedented control over data growth, costs and risk. CommVault’s software was designed to work together seamlessly from the ground up, sharing a single code and common function set, to deliver superlative Data Protection, Archive, Replication, Search and Resource Management. More companies every day join those who have discovered the unparalleled efficiency, performance, reliability, and control only CommVault can offer. Information about CommVault is available at www.commvault.com. CommVault’s corporate headquarters is located in Oceanport, New Jersey in the United States. (cvlt-co)

About Raymond James Financial
Raymond James Financial is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three wholly owned broker/dealers (Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd.) and Raymond James Investment Services Limited, a majority-owned independent contractor subsidiary in the United Kingdom, have a total of more than 4,750 financial advisors serving approximately 1.6 million accounts in 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are currently near $215B, of which approximately $37.1B are managed by the firm’s asset management subsidiaries.

About Computerworld
Computerworld is the leading source of technology news and information for IT influencers worldwide. Computerworld’s award-winning Web site (www.computerworld.com), weekly publication, focused conference series and custom research form the hub of the world’s largest (40+ edition) global IT media network. In the past five years alone, Computerworld has won more than 100 awards, including Folio Magazine’s 2006 Gold EDDIE Award for the best technology/computing magazine, the 2004 and 2006 Magazine of the Year Award, and 2006 Best Overall Web Publication from the American Society of Business Publication Editors (ASBPE). In addition, in 2007 Computerworld’s editor-in-chief Don Tennant received the prestigious Timothy White Award from American Business Media. Computerworld leads the industry with an online audience of over 2 million unique monthly visitors and a print audience of 1,252,000 readers each week (IntelliQuest CIMS Fall 2006).

About International Data Group (IDG)
International Data Group (IDG) is the world’s leading technology media, events, and research company. IDG’s online network includes more than 450 Web sites spanning business technology, consumer technology, digital entertainment, and video games worldwide. IDG publishes more than 300 magazines and newspapers in 85 countries including CIO, CSO, Computerworld, GamePro, InfoWorld, Macworld, Network World, and PC World. IDG’s lead-generation service, IDG Connect, matches technology companies with an audience of engaged, high-quality IT professionals, influencers, and decision makers.

IDG is a leading producer of more than 750 technology-related events including Macworld Conference & Expo, LinuxWorld Conference & Expo, Entertainment for All Expo (E for All), DEMO, and IDC Directions. IDC, a subsidiary of IDG, is the premier global provider of market intelligence, advisory services, and events. Over 900 IDC analysts in more than 90 countries provide global, regional, and local expertise on technology and industry opportunities and trends.

Additional information about IDG, a privately held company, is available at idg.com.

About the SNIA
The Storage Networking Industry Association (SNIA) is a not-for-profit global organization, made up of some 400 member companies and 7,000 individuals spanning virtually the entire storage industry. SNIA’s mission is to lead the storage industry worldwide in developing and promoting standards, technologies, and educational services to empower organizations in the management of information. To this end, the SNIA is uniquely committed to delivering standards, education, and services that will propel open storage networking solutions into the broader market. For additional information, visit the SNIA web site at www.snia.org.

SOURCE: Raymond James Financial, Inc.