Connect with us

Business

ICT: Symantec Corporation Enhances Storage Technology

Published

on

Symantec Corporation has announced enhancements to Veritas Storage Foundation, Veritas Cluster File System and Veritas Cluster Server, the industry-leading heterogeneous storage management and high availability solutions for UNIX, Linux and windows environments.
This enables organisations to capitalise on new storage technology such as solid state drives (SSDs) and thin provisioning, while continuing to reduce cost and complexity through improved performance and scalability.
Additionally, near instantaneous recovery of application is now possible with Veritas Cluster File system through tight integration with oracle, Sybase and IBM DB2, allowing for fast failover of structured information and near linear scalability.
According to the vice president of Product Management, Storage and Availability Management Group, John Kahn, Symantec, as organisation evolves to meet changing business needs; they require an optimised storage infrastructure that is dynamic and flexible.
He said “with this launch, Symantec is providing customers with the ability to effectively utilise the latest storage innovations from solid state drives (SSDs) to thin provisioned hardware, and even virtual environments including Hyper-V, while also providing capabilities needed to optimise any storage or server platform”.
He added that storage foundation gives enterprises the complete solution they needed to transfer their data centers and enable business success”.
Symantec dynamic storage capabilities ensures that organisations storage deployments remain cost-effective as they take advantage of new technologies that increase performance.
This provides complete, coordinated server and storage visibility and policy based, non-disruptive information movement.
Storage foundation automatically optimises heterogeneous storage environments, including those that contain both SSDs and traditional disk storage.
“It is the only storage management solution that can automatically discover SSD devices from leading array and server vendors and optimise data placement on SSD devices transparently”, he added.
Speaking on this development, vice president, system storage at IMB, Mr Doug Balog, said the only thin- friendly file system in the industry, Veritas File System, enable improved storage utilisation by integrating with the thin provisioning ecosystem. Announced last year, the Veritas Thin Reclamation API enables automated space reclamation for thin provisioning storage arrays and is now fully supported by Symantec Partners IBM and 3PAR, with more hardware partners planning to follow suit.
Kahn further stated that Symantec made an improvement on cluster file system and cluster server, by providing improved availability of oracle environments, and also concurrent access to information and requires only the application to be moved.
Symantec helps organisations secure and manage their information driven world with storage management, email archiving and backup.

Print Friendly, PDF & Email
Continue Reading

Business

NSE Begins Week On Negative Note, Loses N19.49bn

Published

on

The Nigerian stock market began the week on a negative note as banking and consumer goods stocks, among others, triggered a N19.49bn loss.
At the end of trading on the floor of the Nigerian  Exchange Limited , the NGX All-Share Index dropped by 0.09 per cent to end at 43,270.94 basis points, while the market capitalisation declined to N22.58tn.
Market activities were mixed as the total volume of shares traded decreased by 30.19 per cent while the value traded rose by 34.05 per cent.
A total of 213.13 million shares valued at N2.36bn were exchanged in 4,105 deals, compared to 305.32 million shares worth N3.58bn in 4,450 deals last Friday.
FCMB Group Plc topped the traded stocks in terms of volume, accounting for 27.43 per cent of the total volume of trades while Airtel Africa Plc emerged as the most traded stock by value, representing 28.81 per cent of the total value of trades on the exchange.
14 firms gained compared to 21 losers.
AIICO Insurance Plc was the biggest gainer for the day, topping the gainers’ chart with a price appreciation of 8.57 per cent to N0.76 per share.
It was followed by LivingTrust Mortgage Bank Plc with a rise of 7.95 per cent, ending the day at N0.95 per share.
Analysing by sectors, three of the five major indices closed lower, led by NGX Oil & Gas (-0.56 per cent), NGX Consumer Goods (-0.23 per cent) and NGX Banking (0.18 per cent).
But the insurance (0.82 per cent) and industrial goods (0.002 per cent) indices gained at the end of trading.

Print Friendly, PDF & Email
Continue Reading

Business

… Introduces TIES To Boost  Business Loan

Published

on

The Central Bank of Nigeria (CBN) has introduced the Tertiary Institutions Entrepreneurship Scheme (TIES), which provides undergraduates and graduates with a platform to access loans.
The TIES’ underlying aim is to provide access to capital for Nigerian undergraduates and graduates with innovative entrepreneurial and technological ideas from polytechnics and universities.
TIES intends to shift undergraduates and graduates away from white-collar job pursuits and towards a culture of entrepreneurship development for economic development and job creation.
In a national biennial entrepreneurship competition, the Developmental Component would be distributed in the form of awards to Nigerian polytechnics and universities.
The competition aims to increase undergraduates’ awareness and visibility of high-impact entrepreneurial/technological concepts, foster entrepreneurial talent hunts in Nigerian polytechnics and universities, and encourage commercially viable and transformative technologies.
Interested Nigerian polytechnics and universities shall apply to participate in the national biennial entrepreneurship competition on a dedicated online portal.
Outlining brief details of the project, potential impact and evidence of originality of project, CBN said it is an innovation for students entrepreneurs.

Print Friendly, PDF & Email
Continue Reading

Business

CITN Applauds FG, Tax Authorities On Fiscal Policy Decisions

Published

on

The Chartered Institute of Taxation of Nigeria (CITN) has lauded the Federal Government and tax authorities on the giant strides made on fiscal policy decisions and tax administration measures initiated this year in the area of Finance Act 2021 and the introduction of TaxPromax solution.
President of the institute, Adesina Adedayo, who gave the commendation at the institute’s yearly award ceremony at the weekend in Lagos, assured the government and tax authorities of aligning with the measures and promised to provide professional thoughts and insights on ways through which they could achieve an efficient and effective Nigerian tax system.
Adedayo emphasised the need to address the database, adding that without knowing who the tax-payers are, there is no way they can take money from unknown tax-payers.
Database is the aspect we have been emphasising on as an institute and in doing this, there are so many of pockets of data we have. All the data must be harmonised to have a simple unique tax-payers identification number,” he said.

Print Friendly, PDF & Email
Continue Reading

Trending