Verizon and IBM said Wednesday that they have expanded their relationship to deliver Managed Data Vault—a new private cloud service that provides secure, quick and reliable daily backups and fast recovery of enterprise information.
Available from both companies, the new service is designed to automatically transfer data from a client location to a specially designed off-site data center via Verizon's secure high-speed private network.
“With Managed Data Vault, businesses can realize off-site data protection at on-site speeds while taking advantage of usage-based utility to meet data growth without limits,” the firms said in a joint release.
Managed Data Vault is designed for use by the financial services industry, as well as the retail and health care services markets.
“The service is well-suited to a diverse mixture of applications, databases and operating system (OS) support services and comes complete with IT consulting services support to help organizations manage through this process,” the companies said.
The solution will initially be available to Verizon and IBM clients in the New York City metropolitan area.
"Through this exclusive relationship with IBM we are meeting a void in the online data protection market," said Kerry Bailey, chief marketing officer for Verizon Business. "We know that enterprise clients struggle with how to efficiently back up and restore data securely while mitigating the inherent risks such as loss of data. By working with IBM as part of our overall cloud strategy, we are bringing to market an innovative solution that will help our clients maintain the stability of their business."
Don DeMarco, IBM vice president of Business Continuity and Resiliency Services, said: "Managed Data Vault offers a broad array of enterprise data protection, not just for files, but for very large data stores and transactional data base content. Today, enterprises have different ways to address specific scenarios. Managed Data vault is a single, secure solution to help clients retrieve a file, restore a device, or recover from a serious outage emergency. Working with Verizon, we are addressing the needs of enterprise users with large data footprints, whether it's 15, 50, 150 terabytes or even more."
According to industry experts, the global backup and restore market will grow by about 4 percent annually and is currently sized at nearly $3 billion.
This article was reprinted with permission from Securities Industry News.
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