[CAnet - news] Sarbanes-Oxley driving demand for customer owned networks

"Bill St.Arnaud" <[email protected]>
Newsgroups gmane.culture.publications.news
Message-ID <037201c67501$20e937d0$0221bdcd@amarillo>
For more information on this item please visit the CANARIE CA*net 4 Optical
Internet program web site at http://www.canarie.ca/canet4/library/list.html
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[Similar to the way HIPPA is driving the demand for customer owned networks
for hospitals, SOX is also a contributor factor for banks to acquire their
own optical networks in addition to the usual other drivers such as
reduction of monthly costs, low cost scalable architecture, etc. Some
excerpts from IT business article.  Thanks to Mike Hrybyk for this pointer
-- BSA]

http://www.itbusiness.ca/it/client/en/home/News.asp?id=39398&PageMem=1	

	RBC brings its fibre optics in house 	

	Canada's biggest bank deploys a WDM network designed to deal with
the capacity issues brought on by regulatory requirements. 

The Royal Bank of Canada says it has its future bandwidth needs under
control following the launch of a private high-speed optical network
connecting key data centres through a Gigabit Ethernet transport system.
Based on wave-division multiplexing (WDM) equipment from Ottawa-based
Meriton Networks, the bank's network links its primary data centre in
Toronto with another in Guelph, Ont., along with a data path running to its
contact centre in Mississauga. 

RBC's decision to set up the private optical network was in part a response
to requests from a business unit dedicated to data storage, which was
grappling with issues around Sarbanes-Oxley, e-mail journaling and other
regulatory requirements, said Dominic Paré, the bank's manager of WAN
infrastructure.

 “More often than not, carriers have an existing optical network. It's
scaling the existing network that's expensive,” he said. “Adding nodes is
quite a challenge.”

 “On annual basis (Nortel) has been the leader every year,” he said. “Its
strength is in selling to enterprises and not just carriers and service
providers. That's one of the reason they've done so well and maintained
their share in the market.”

Pascoe said Meriton's products are attracting companies that are good at
measuring the value of their operating expenses. “(RBC) understands that it
costs money to manage networks,” he said. “The ability to be able to look at
a part of the network, move over to a spare circuit without any pitfalls,
change a patch cord – it's the changing services and troubleshooting.”

The Meriton architecture will allow RBC to scale to 320 Gbps of capacity
without adding any shelves, Pascoe said. Paré added that RBC's decision some
time ago to collapse its infrastructure into a more centralized data centre
environment means the network will benefit multiple business units.


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These news items and comments are mine alone and do not necessarily reflect
those  of the CANARIE board or management.

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