UBS selects Juniper to network global data centres
Thu 15 May 2014
Juniper Networks has won a contract from global financial services firm UBS to build a “next generation enterprise data centre network infrastructure”.
Under the deal Juniper will build a “carrier-class, ultra-scalable, network architecture” for the financial services giant. Its networking architecture will form the backbone of a plan to virtualise UBS data centre network across the globe. Juniper will also provide software to manage the network.
UBS said the plans will support its current and future business goals. According to Gartner, 68% of banking and investment institutions will change their technology and sourcing approach in the next two to three years as they seek increased flexibility and application performance and cost discipline.
“Banks are re-engineering their business models in light of changing market and regulatory conditions, changing customer behaviour, and emerging technologies,” said Shaygan Kheradpir, chief executive officer of Juniper Networks.
“Managing this transformation in financial services requires an intelligent High-IQ network infrastructure that knows how to fluidly adapt to business demands. It also requires building private clouds that deliver applications with high performance and agility,” he added.