Spot Trading Implements NetApp AltaVault Cloud Integrated Storage to Optimize Data Backup
Spot Trading is a technology-focused proprietary trading firm built on applied technology, using the latest in innovation to solve problems in the financial markets. Their challenges are time consuming data storage process and better utilization of the IT team. They chose NetApp to overcome these challenges. They have deployed NetApp AltaVault (formerly SteelStore) cloud-integrated storage with Amazon Glacier cloud storage. The results of implementing NetApp were provided with 40 hours/month reclaimed by IT team to focus on new strategies and systems, annual archival storage and cost reduced by 96%, two-year ROI for AltaVault appliance, including cloud storage costs, $500,000 potential cost avoidance, deduplication reduced dataset by 85%, restores in minutes instead of two to three days with tape and encryption data security requirements.