Stock Exchange of Thailand Reduces Costs, Ensures Compliance Adherence with CommVault Information Management Software - Tucson News Now

Stock Exchange of Thailand Reduces Costs, Ensures Compliance Adherence with CommVault Information Management Software

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE CommVault

Leading APAC Stock Exchange Utilizes Simpana Software Archive Capabilities Integrated with Backup, Recovery and Search to Increase Efficiency, Improve Decision Making and Ease Regulatory Compliance Management

BANGKOK, April 30, 2014 /PRNewswire/ -- CommVault (NASDAQ: CVLT) today announced that as a result of unprecedented data growth in recent years, the Stock Exchange of Thailand has deployed CommVault® Simpana® software to improve its information governance through integrated archive, backup, recovery, and search operations. Stock Exchange of Thailand is utilizing the Simpana software singular data and information management platform solution to guarantee the effective implementation of new, virtualized business support applications and control unstructured data for compliance and business analysis purposes.

CommVault the leader in modern data and information management software.

Rated the world's fifth best performing stock exchange in 2012, the Stock Exchange of Thailand and Market for Alternative Investment (MAI) hit an all-time high with a market cap of THB 11.96 trillion in 2012. The Exchange has continued to make impressive gains in 2013, with increased liquidity in stock trading and consistent new capital inflows.

The Stock Exchange of Thailand also drafts, enforces and complies with meticulous corporate data policies in line with strict government and international compliance regulations. Data management and compliance adherence for the entire organization, which encompasses all trading transactions, tick-by-tick price feeds, listed company information, application logs and codes, and day-to-day reports is the responsibility of the internal IT Operations Group. The group also manages network, middleware and database applications across hundreds of production servers, the majority of which are virtualized.

After a comprehensive vendor selection process, CommVault was selected for its ability to deliver an innovative data archiving solution that was fully compatible with virtualized and cloud infrastructures, in addition to Simpana software's effectiveness at backing up VMware environments. The Stock Exchange of Thailand also wanted to create a single console user interface for all backup and archived data, to reduce overall complexity and the response time required to complete business requests. The Simpana content indexed search functionality for protected files, whether on tape, disk or cloud located storage, has reduced required disk space and networking costs in addition to response time and also ensured data is able to be managed on more cost-effective storage tiers. This ensures the security and integrity of information generated by the stock exchange on a daily basis, while offering new applications to expand growth. The ability to better manipulate and interrogate raw data, such as trading transactions and price feeds, enables more advanced oversight of investment behavior, and better detect suspicious trading.

While an enormous amount of conventional trading data is being created, which is required to be stored and analyzed for compliance purposes, the Stock Exchange of Thailand is now also able to directly realize relevant business details from previously unintegrated, unstructured datasets. Voice, Video, email and new media all present new ways for Stock Exchange of Thailand to better track potential rogue traders for compliance and legislative purposes, and with Simpana all this data is managed in a consistent format on a single platform.  

Companies listed on Stock Exchange of Thailand reported huge growth last year, with a combined net profit of THB 241.60 billion (approx. USD 8.31 billion) over Q1 2013, up 12.80 percent from the previous year. With the Simpana software implementation, the IT Operations Group is better positioned to support the Stock Exchange of Thailand to manage this growth and deliver on its mission to become a pivotal global stock exchange in the time leading up to the launch of the ASEAN Economic Community (AEC) at the end of 2015. 

Supporting Quotes

  • Thirapun Sanpakit, Senior Vice President, Group Head, IT Operations at the Stock Exchange of Thailand:
    "The Stock Exchange of Thailand is a pivotal stock exchange, not only in ASEAN but also globally, and our goal is to constantly deliver a premier service to clients. The inclusion of CommVault's Simpana software as part of our IT infrastructure  helps ensure that the Stock Exchange of Thailand maximize opportunities for our clients and partners. Our partnership with CommVault enables our operations group to increase of the value of data in trading transactions and analysis of price feeds to provide insight into investment behavior and surveillance, which supports the Stock Exchange of Thailand's wider business strategy."
  • Rick Theiler, Vice President, CommVault Asia-Pacific:
    "For the Stock Exchange of Thailand business success is defined in the ability to identify trends and patterns, and to predict future activity effectively. That means the deeper the granularity of data they can identify, manage and access the better business decisions the stock exchange can make. By utilizing the Simpana single platform for integrated backup, archive and search capabilities to analyze both structured and unstructured datasets as one, we are improving their ability to enforce compliance legislation while improving accountability and operational efficiency."

Resources

Get Involved

About CommVault
A singular vision – a belief in a better way to address current and future data management needs – guides CommVault in the development of Singular Information Management® solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unprecedented control over data growth, costs and risk. CommVault's Simpana® software suite of products was designed to work together seamlessly from the ground up, sharing a single code and common function set, to deliver superlative Data Protection, Archive, Replication, Search and Resource Management capabilities. More companies every day join those who have discovered the unparalleled efficiency, performance, reliability, and control only CommVault can offer. Information about CommVault is available at www.commvault.com. CommVault's corporate headquarters is located in Oceanport, New Jersey in the United States.

Safe Harbor Statement
Customers' results may differ materially from those stated herein; CommVault does not guarantee that all customers can achieve benefits similar to those stated above. This press release may contain forward-looking statements, including statements regarding financial projections, which are subject to risks and uncertainties, such as competitive factors, difficulties and delays inherent in the development, manufacturing, marketing and sale of software products and related services, general economic conditions and others. Statements regarding CommVault's beliefs, plans, expectations or intentions regarding the future are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from anticipated results. CommVault does not undertake to update its forward-looking statements. The development and timing of any product release as well as any of its features or functionality remain at our sole discretion.

©1999-2014 CommVault Systems, Inc. All rights reserved. CommVault, CommVault and logo, the "CV" logo, CommVault Systems, Solving Forward, SIM, Singular Information Management, Simpana, Simpana OnePass, CommVault Galaxy, CommVault Edge, Unified Data Management, QiNetix, Quick Recovery, QR, CommNet, GridStor, Vault Tracker, InnerVault, Quick Snap, QSnap, Recovery Director, CommServe, CommCell, IntelliSnap, ROMS and CommValue, are trademarks or registered trademarks of CommVault Systems, Inc. All other third party brands, products, service names, trademarks, or registered service marks are the property of and used to identify the products or services of their respective owners. All specifications are subject to change without notice.

Logo - http://photos.prnewswire.com/prnh/20110329/MM73841LOGO

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow