Mashreq Bank has consolidated its IT infrastructure onto EMC Symmetrix VMAX, the world's most powerful, trusted and smart enterprise storage, in order to manage its explosive data growth, becoming the first bank in the UAE to virtualize its mission-critical core banking applications. Mashreq is one of UAE's leading financial institutions with a growing retail presence in the region, including Egypt, Qatar, Kuwait, Bahrain and representative offices across the world. Like many in the banking industry, Mashreq struggled to meet the demands of its exponential data growth, which increases 30% every year. The bank experienced challenges maintaining an IT infrastructure that could scale to meet that demand efficiently, intelligently and with high-levels of automation. With continuous demands for upgrades and new capacity, controlling costs was important, as was ensuring that the infrastructure's resources were efficiently-utilized. Mashreq selected EMC's Symmetrix VMAX to address these challenges and maximize its infrastructure's efficiency, scalability and performance. Mashreq has improved storage utilization by 30% with EMC VMAX, enabling it to launch new applications and services use with its newly available resources. Using VMAX Mashreq has improved the performance of its data center infrastructure and services by 15%. Mashreq is now able to automate the allocation of extra storage capacity for existing systems - and integration with VMware. VMAX has enabled Mashreq to effectively scale to meet its anticipated data growth, improving the agilty of its business operations. Said Akar, South Gulf District Manager, EMC, "EMC's main objective is to help Mashreq significantly increase business agility, lower costs and achieve better management. EMC is pleased to collaborate with Mashreq and we are committed to working with them to support their long-term vision of using the latest technologies to innovate and break new ground in the financial industry." Press Release
