Security Benefit Partners With CoSentry to Ensure Zero Downtime for Its Volatile Financial Products
Posted on: Tuesday, 6 January 2009, 14:55 CST
"In recent days, we have seen how keeping financial institutions up and running is fundamental to the economy and how catastrophic events can disrupt the flow of business on a major scale," stated
"Each day millions of dollars worth of financial transactions are processed across our trading systems. Anything that disrupts this process for even a few minutes can create exposure to large losses for the firm," cautioned
According to Cohen, Security Benefit has always been committed to safeguarding the interests of their clients no matter what the event. "We aim for 99-plus percent reliability at all times. And our successful partnership with CoSentry greatly enhances our ability to maintain that goal even in the event of a major disaster or system outage," Cohen commented.
According to Cohen, separation is a key element of the Security Benefit overall business resiliency plan. "We were excited about what CoSentry offered because their technology systems were located in multiple facilities that were far enough apart to diminish any risks posed by local disruptions yet close enough for easy access by our staff," Cohen mentioned. In fact, the results of our initial tests indicate our customers would be able to continue to conduct business either without interruption or within 3 hours," added Cohen. "Our prior recovery solutions called for up to 48 hours of downtime."
About CoSentry
CoSentry serves as a one source provider of business continuity and managed technical services. Founded in 2000, CoSentry provides Systems, Work Group, Print and Mail Recovery solutions. In today's ALWAYS ON business environment, market leaders benefit from CoSentry's world-class services to keep their businesses running - no matter what. The company also provides diverse and robust collocation and managed Internet services. CoSentry is headquartered in
About Security Benefit
Security Benefit (www.securitybenefit.com) is built upon more than 100 years of tradition and provides individual and group retirement and asset management solutions through independent brokers and financial representatives in all 50 states. The firm manages roughly
SOURCE CoSentry
Source: PR Newswire
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