SOURCE: ClearCube Technology

September 17, 2008 08:00 ET

ClearCube Customer Listed on 2008 InformationWeek 500

Wachovia Recognized for Deploying ClearCube's Centralized Computing Solution to Meet the Diverse Needs of Its Traders

AUSTIN, TX--(Marketwire - September 17, 2008) - ClearCube, the market leader in centralized desktop computing solutions, today announced that its customer, Wachovia, one of the nation's largest diversified financial services companies, has been honored by InformationWeek for its innovative use of technology. With a listing on the 2008 InformationWeek 500, the publication is recognizing Wachovia as one of the nation's 500 most innovative users of information technology. This selection was based on the company's use of ClearCube's centralized computing solutions to meet the security and management needs of Wachovia's desktop computing environment. The 2008 InformationWeek 500 companies were revealed on September 15, 2008 at a gala awards ceremony held during the InformationWeek 500 Conference at the St. Regis Resort in Monarch Beach, California.

"We are constantly evaluating and implementing new technologies to make our traders more efficient and to meet the needs of our demanding desktop IT environments," said John Giattino, senior vice president of technology delivery services at Wachovia. "ClearCube's solutions have allowed Wachovia to enhance its IT security and ensure maximum flexibility and agility for trader workstations. The honor from the InformationWeek 500 demonstrates our innovation, which translates directly to better customer offerings and customer service."

Wachovia was one of the first companies to deploy PC blades to its trading floors, piloting technology from ClearCube, a leader in centralized desktop computing solutions based in Austin, Texas. By adopting the ClearCube solution, Wachovia eliminated PC-related noise and heat on the trading floors and provided traders with more work space. With the solution's powerful Web-based management software, the Sentral™ VDI Management System, IT administrators now monitor multiple PC blades from a central location and can perform repairs and maintenance on the PCs without ever stepping onto the trading floor.

In search of cost savings, high availability and better ergonomics, Wachovia expanded its use of centralized computing technology and has recognized significant space and desktop support savings. Wachovia is now able to meet and exceed the computing needs of its traders, enabling it to focus its resources on serving customers and driving revenue for the company. Since, Wachovia has been at the forefront of desktop delivery methods in the financial services sector.

"For 20 years, the InformationWeek 500 has honored the most innovative users of business technology," said InformationWeek Editor-in-Chief Rob Preston. "Year after year, InformationWeek 500 companies harness technology to improve efficiency, boost productivity, drive revenue, and establish a competitive advantage. We applaud this year's winners, and the CIOs and other executives whose ingenuity and risk taking are at the center of business technology innovation."

InformationWeek has identified and honored the nation's most innovative users of information technology with its annual listing, now in its 20th year, and has tracked the technology, strategies, investments and administrative practices of America's best-known companies. The list is unique among corporate rankings because it spotlights the power of innovation in information technology, rather than simply identifying the biggest IT spenders.

Additional details on the InformationWeek 500 can be found online at www.informationweek.com/iw500/.

About Wachovia

Wachovia Corporation (NYSE: WB) is one of the nation's largest diversified financial services companies, with assets of $812.4 billion and market capitalization of $33.5 billion at June 30, 2008. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Our retail brokerage operations under the Wachovia Securities brand name manage more than $1.1 trillion in client assets through 14,600 financial advisors in 1,500 offices nationwide. Online banking is available at www.wachovia.com, online brokerage products and services at www.wachoviasec.com, and investment products and services at www.evergreeninvestments.com.

About ClearCube

ClearCube is the market leader of centralized computing and virtual desktop solutions. As the pioneer of centralized desktop computing, ClearCube provides solutions that span 1:1 power users to 1:many virtualized desktop environments, integrating connection broker software, blades, access devices and professional services to give organizations full control and flexibility over end-user computing. ClearCube's Sentral™ VDI Management System provides clients the ability to utilize any back-end hardware or user access device for desktop virtualization. Organizations deploying ClearCube gain improved manageability, 99.9 percent availability and hardened security while reducing support costs by more than 40 percent. For more information, visit its corporate website at www.clearcube.com.

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