Established in 1835, ANZ is one of Australia's 10 largest publicly listed companies by market capitalisation, with a market capitalisation of $27.8 billion as at 23 October 2003. The complexity of ANZ's system, which was partially outsourced to an external provider, meant costs were high, running into several million dollars per annum. After processing, images of vouchers were maintained on a distributed RAID disk system for approx. ANZ decided on EMC's Centera storage solution - a magnetic disc based storage platform for fixed content - as it had the lowest risk and total cost of ownership as well as other features required in banking, including automated remote replication, disaster recovery, guaranteed data integrity and high security.
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