Large commercial bank saves more than $10 million through data archiving and application decommissioning with OpenText InfoArchive

We wanted to make sure it really was a partnership. OpenText understood exactly what our mission was and we understood what they brought to the table. It’s very rare in a project of this size and scope that you can hit all of the requirements, get them all done and come in on time and on budget. I would absolutely recommend the OpenText InfoArchive application decommissioning solution.

Challenge

• Obliged to long-term data retention requirements within a highly regulated industry
• Grappled with outdated, redundant systems as result of merger activities
• Faced rising costs of growing number of legacy applications

Product(s)

• OpenText InfoArchive

Value

• Archived 4.3 terabytes of data, enabling a holistic view of legacy and current data
• Saved $5 million per year
• Achieved 3-month project execution and 12-month project payback
• Demonstrated strict regulation compliance with audit trails, enforced retention policies