Banks, insurance carriers and brokerages are the major drivers of storage technologies, according to Ken Steinhardt, director of technology analysis at EMC Corp. “Because of the competitive nature of their industry, [financial firms] tend to go out on the leading edge,” Steinhardt said.
Network Appliance Inc. counts hundreds of financial services customers and said it has sold over 1 petabyte of systems for compliance alone. Smaller companies also are selling security appliances, backup services, and email retention software to the the financial services market.
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