SOURCE: Data Domain, Inc.

October 11, 2006 07:00 ET

Lloyds TSB Corporate Markets Selects Data Domain

Leading UK-Based Financial Services Group Deploys Cutting Edge Backup and Disaster Recovery Solutions From Data Domain

SANTA CLARA, CA -- (MARKET WIRE) -- October 11, 2006 -- Data Domain, the leading provider of Enterprise Protection Storage systems for disk backup and network-based disaster recovery, today announced that Lloyds TSB Corporate Markets has chosen Data Domain's data protection solutions for its backup and remote disaster recovery (DR) needs. The corporate relationship banking and financial markets division of Lloyds TSB has implemented Data Domain restorers and DD Replicator software at its new flagship headquarters location at Ten Gresham Street in London, and at its remote contingency site outside the City. In addition to protecting data for the division's financial operations, the Data Domain solution provides mission critical business continuity capabilities for a two hundred position trading floor.

The legacy tape backup system that the Lloyds TSB Corporate Markets IT department had been using, over time, began consuming too much administration effort as the firm grew. Like many enterprises, they had experienced issues with tape media during backups and lengthy restore processes. They were also concerned about the costs and risks associated with using contracted services to handle backup tape transportation to their contingency site. The Data Domain solution implemented by Lloyds TSB Corporate Markets uses high speed in-line data deduplication technology to reduce their backup data volume by 20x and store it to disk, which leads to faster, more reliable backups that are instantly verifiable. In addition, by using Data Domain's replication software, completed backups at the London facility are replicated to the contingency site within minutes, affording the firm enhanced disaster recovery capabilities. The entire backup and remote replication process is now centrally controlled and fully automated via the firm's enterprise backup software.

Colin Everett, Head of IT Strategy and Architecture at Lloyds TSB Corporate Markets, said, "The time and cost savings benefits we are deriving from our Data Domain solution are significant. We've eliminated approximately 120 locally attached tape drives and all the associated management overhead, which was extremely time consuming. Our ability to scale our backup capacity and test for compliance has been streamlined, and we can now retain 30 days of backup data on-site -- data that we know we can restore reliably and very quickly. But perhaps most important of all, we know that our data is replicated to our contingency site within minutes, minimizing the risk of any disruption in IT functionality at our headquarters in London."

"The elapsed time that a business can survive the interruption of its IT functionality is shrinking rapidly across all industry sectors," said Frank Slootman, president and CEO of Data Domain. "In the financial services industry, especially when there are trading floor operations involved, there is a tremendous premium placed on the availability of data. As such, the success of the Lloyds TSB Corporate Markets implementation serves as a particularly strong reinforcement of Data Domain's value in the mission critical enterprise environment. It's extremely gratifying to be the solution of choice for a division within a firm of Lloyds TSB's pedigree."

For more information about Data Domain's enterprise protection storage technologies and solutions, please visit www.datadomain.com.

About Lloyds TSB Corporate Markets

Lloyds TSB Corporate Markets is a division of the Lloyds TSB Group, a leading UK-based financial services group with assets of over £300 billion and approximately 70,000 employees. The Corporate Markets Division offers award-winning relationship banking and has expertise in providing comprehensive financial solutions, across a broad range of asset classes including risk management, cash management, trade, structured investments, specialist financing and HR/pension services.

About Data Domain

Data Domain is the leading provider of Enterprise Protection Storage systems for disk backup and network-based disaster recovery. Over 500 companies worldwide use Data Domain's award-winning solutions to reduce backup costs and simplify their data recovery. Data Domain's Global Compression™, data invulnerability and replication technologies offer breakthrough data reduction rates that enable new efficiencies in enterprise data protection. Only Data Domain can deliver the performance, reliability and scalability to address the data protection needs of enterprises of all sizes. Data Domain's products and solutions integrate seamlessly into customers' existing infrastructure and are compatible with all leading enterprise backup software products. To find out more about Data Domain, visit www.datadomain.com. Data Domain is headquartered at 2300 Central Expressway, Santa Clara, CA 95050 and can be contacted by phone at 1-866-933-3873 or by e-mail at sales@datadomain.com.

Note: Data Domain and Global Compression are registered trademarks of Data Domain, Inc. All other brands, products, service names, trademarks or registered service marks are used to identify the products or services of their respective owners.

Contact Information

  • Contact:

    Preeti Gupta
    Text 100 Public Relations
    +1.415.593.8422
    Email Contact

    Ed Luboja
    Data Domain, Inc.
    +1.914.698.1346
    Email Contact