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Press Release Category Business - Financial - Tideway Release Date: June 13, 2008

Tideway Wins Prestigious Technology Award From The Banker

By Tideway
June 13, 2008
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IT automation software provider secures industry award.

PR9.NET June 13, 2008 - LONDON and NEW YORK – Tideway, one of the fastest growing providers of IT automation software, has won the Best Infrastructure Strategy Award at The Banker Technology Awards 2008, for the implementation of its flagship product Tideway Foundation at a major financial services organization.

Tideway won the award for the key role it played in enabling its customer to complete a significant data center relocation and reorganization project. Due to the bank's technological complexity and rapid growth, it did not have an accurate understanding of exactly how much or what type of equipment would be affected during the move. A full inventory of all systems, software and devices was unavailable. Even more critical, the interrelationships between infrastructure and services were also unclear, so there was no way of knowing what would happen if any single item was unplugged for removal to the new data center.

By deploying Tideway Foundation, the customer was able to find and visually map each business application and the physical and virtual hardware, software, systems - and dependencies between them. Foundation was also able to identify the data center hardware that should have been decommissioned but was still running in the data center - and thus consuming power.

With more than 300 entries submitted from around the world, The Banker Technology Awards recognize technology excellence in financial services and highlight the technology innovations that banks should be watching carefully in the year ahead.

"Recognition for the role we play in financial institutions' data center optimization and IT infrastructure initiatives is a testament to our commitment to connecting the business with IT," said Richard Muirhead, chief executive and founder of Tideway. "In this economic climate it's extremely important for financial firms to have a 360-degree view of how IT infrastructure components support their business so they can optimize existing resources and make strategic decisions, and our recognized project is a great demonstration of this."

Tideway Foundation helps customers achieve cost savings faster, drive business agility and manage operational risk – delivering true IT and business service optimization. To date Tideway has saved its customers more than half a billion dollars running the data centers at the heart of their businesses.

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About Tideway

Tideway provides application dependency mapping (ADM) software that continuously maps application relationships to physical and virtual infrastructure, including the dependencies between them. Our flagship product, Tideway Foundation, speeds and improves business application change control, standardisation and compliance in today’s data centres. We help our customers achieve cost savings faster, drive business agility and manage operational risk – delivering true IT and business service optimisation. To date, Tideway has saved our customers more than half a billion dollars running the data centres at the heart of their businesses.

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