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Leading Insurer Moves 90 Percent of Its Business Critical Data to Violin's Flash Storage Platform 7700 -- Improves Customer Service and Looks to Future Growth
SANTA CLARA, CA --(Marketwired - January 21, 2016) - Violin Memory®, Inc., (NYSE: VMEM) a global pioneer of award-winning all flash storage platform solutions for primary storage and active workloads, today announced that Ingosstrakh, one of Russia's leading insurers, has migrated 90 percent of its business critical data to Violin's Flash Storage Platform (FSP) 7700. As a result, Ingosstrakh has achieved significant performance improvements in its analytics and business transaction processes, while reducing OPEX and CAPEX costs, giving it a distinct edge over its competition.
Data is the life-blood of the insurance industry and insurers like Ingosstrakh rely on large amounts of data to help them determine the potential risks of each policy holder. With the recent explosion of data made available to insurers, they now have to manage and process Big Data in near real-time from a growing number of different sources. Inevitably this means that sooner or later disk scalability becomes a real challenge. Ingosstrakh decided to act to optimize its systems both to prevent future issues and to improve the efficiency of data handling. By implementing Violin's FSP 7700 Ingosstrakh was able to boost the performance of its Oracle OLAP reporting systems by more than 1.5 times, and achieved a four-fold reduction in support requests.
"Ingosstrakh has set the bar for its sector by implementing flash storage in their data center," commented Maxim Zubarev, Violin Memory Country Manager Russia/CIS/Ukraine. "With the enormous performance improvements Ingosstrakh has achieved, it now has the capacity to do additional data processing with the ability to offer better customer support and more advanced services. Ingosstrakh is a true illustration of the benefits an all-flash data center can bring to enterprises in the financial and insurance industry. Ingosstrakh has the most advanced data storage infrastructure in Russia, and its competitors will need to embrace the value of all flash to keep pace."
Viktor Kuzmenko, Head of Systems Administration, Ingosstrakh commented: "Violin Flash Storage Platforms combine ease of deployment, reliability, and unsurpassed performance, enabling our company to face the future with confidence. Flash technology, such as the FSP, allowed us to collapse multiple tiers of storage into one, dramatically lowering our data center costs for storage. The choice to go with Violin was an obvious one, as it allowed us to replace nearly all of our legacy disk array architectures and software to be best prepared for our digital future."
Ingosstrakh's implementation has also delivered significant benefits in terms of operational expense (OPEX) with a smaller physical footprint and lower power consumption. Given that Violin's FSP connects using standard protocols, Ingosstrakh also did not need to make significant changes to its data center architecture, and with this ease of implementation, data center engineers have more time to focus on other value-add tasks.
Following the success of the initial implementation in its Oracle OLAP reporting system, Ingosstrakh also migrated data from its core OLTP business system to Violin's Flash Storage Platform. Subsequent analysis illustrated that Ingosstrakh could entirely phase out disk-based systems used in the storage of business-critical data.
Ingosstrakh public joint-stock insurance company has been operating in the Russian and international markets since 1947. The company tops the list of Russian insurers by volume of insurance premiums paid under optional insurance contracts other than life insurance policies.
Ingosstrakh is licensed for all types of insurance (consistent with the insurer's official specialization) listed in Article 32.9 of the Russian Law On Arranging the Insurance Practice in the Russian Federation. It is also licensed for reinsurance services. The company is represented in 149 Russian localities. Ingosstrakh has offices and affiliates in neighboring countries and overseas.
About Violin Memory
Business in a Flash. Violin Memory, the industry pioneer in All Flash Arrays, is the agile innovator, transforming the speed of business with enterprise-grade data services software on its leadership Flash Storage Platforms™. Violin Concerto™ OS 7 delivers complete data protection and data reduction services and consistent high performance in a storage operating system fully integrated with Violin's patented Flash Fabric Architecture™ for cloud, enterprise and virtualized business and mission-critical storage applications. Violin Flash Storage Platforms are designed for primary storage applications at costs below traditional hard disk arrays and accelerate breakthrough CAPEX and OPEX savings while helping customers build the next generation data center. Violin Flash Storage Platforms and All Flash Arrays enhance business agility while revolutionizing data center economics. Founded in 2005, Violin Memory is headquartered in Santa Clara, California.
Violin Memory Forward-looking Statement
This public announcement contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the potential business and financial benefits that customers and others may realize as the result of using Violin Memory's products and services, the performance and capabilities of Violin's products and services, and Violin Memory's business plans and strategy. There are a significant number of risks and uncertainties that could affect Violin Memory's business performance and financial results, including those set forth under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," in Violin Memory's Quarterly Report on Form 10-Q for the third quarter of fiscal year 2016, which was filed with the U.S. Securities and Exchange Commission, and which is available on the Violin Memory's investor relations website at investor.violin-memory.com and on the SEC's website at www.sec.gov. All forward-looking statements in this public announcement are based on information available to Violin Memory as of the date hereof, and Violin Memory does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.