DUBAI, United Arab Emirates - HP Middle East announced today that it has signed an agreement with Burgan Bank in Kuwait to provide the bank with the latest storage solutions that will further help reduce risks and improve business outcomes.
Being a leader in retail and commercial banking in the region, Burgan Bank offers its customers a full range of streamlined and advanced banking services through innovative technology systems within all its branches. Burgan Bank always seeks to develop its IT infrastructure with high quality solutions to be able to grow activities with diversified and innovative investment and financial products as well as expand its retail network.
HP offers a large portfolio of storage and data recovery solutions that help reduce business risks, thus allowing the constant availability and better manageability of data. To help Burgan Bank customers receive the highest quality of service, HP has provided the bank with a new advanced storage solution, the HP XP24000, designed to improve application availability with data recovery in minutes, which will prove to be extremely cost effective.
"Due to our continued growth and with the recent expansion strategy, we at Burgan Bank required an upgrade storage solution to serve us better both from a local and a regional perspective. The new system provides us with a state-of-the-art platform from which to migrate and grow, while maintaining flexibility and efficiencies", said Simon Clements, Burgan Bank's Operations Senior General Manager.
In addition, HP XP24000 provides disk-based replication and recovery of business application databases. It also offers a flexible storage environment suitable for storage consolidation, which can also connect to the non-stop server environment.
"HP aims to help Burgan Bank achieve its targeted business outcomes through its large portfolio of the latest storage and data recovery solutions tailored to meet the ongoing needs of the banking sector,", said Khaled Talaat, Country Manager, Technology Solutions Group, HP Kuwait.
"I would like to recognize the valuable efforts of our partner Hasibat who was instrumental in driving this agreement and acting today as Prime Contractor for this deal" Talaat added.
Hasibat is the regional diversified holding company and strategic investor in services that focuses on information technologies for various industries in Kuwait.
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About Burgan Bank
Burgan Bank is a subsidiary of KIPCO (Kuwait Projects Company). The youngest and most dynamic bank in the State of Kuwait in 1977, the bank has acquired a leading role in the retail, corporate and investment banking sector through innovative product offers and technologically advanced delivery channels. It has continuously improved its performance over the years by applying an expanded revenue structure, good asset quality, diversified funding sources and a strong capital base. The adoption of state-of-the-art services and ground-breaking technology has positioned the Bank as a trendsetter in the domestic market. At present Burgan Bank enjoys a wide reach through its network of 21 branches, close to 100 ATMs and one of the widest drive-through ATM networks in the GCC.
About HP
HP focuses on simplifying technology experiences for all of its customers - from individual consumers to the largest businesses. With a portfolio that spans printing, personal computing, software, services and IT infrastructure, HP is among the world's largest IT companies, with revenue totaling $110.4 billion for the four fiscal quarters ended April 30, 2008. More information about HP (NYSE: HPQ) is available at www.hp.com.
About HP Middle East
HP is the largest technology and solutions provider in the Middle East with 1100 employees and subsidiaries in Dubai, Abu Dhabi, Riyadh, Cairo, Ramallah, Qatar, Oman and 2 service Joint Ventures in Kuwait and Bahrain servicing the GCC, Egypt and the Levant. HP has been present in the Middle East since 1968 and opened its first regional office in 1994. HP Middle East is the market leader for enterprise, small and medium business and consumer technology products and offers a large portfolio of solutions and services in various business domains. www.hp.com/me
© 2008 Hewlett-Packard Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.
For more information, please contact:
Omnia Samra,
Impact Porter Novelli
P.O. Box 19791
21st Floor, Emirates Towers
Dubai, United Arab Emirates
Tel: +9714 3304030 Ext.416
Fax: +9714 3304031
Email: o.samra@ipn.ae
Website: www.porternovelli.com
© Press Release 2008
