data management will help companies like Ping An to manage their data while maintaining data access for compliance
Santa Clara, CA (PRWEB) July 28, 2009
Solix Technologies, a leading provider of enterprise data management solutions used by large enterprise customers to manage business critical data today announced that Ping An Insurance has selected Solix EDMS for database archiving, database subsetting and data masking for Oracle e-Business Suite R 11.5.10.
Headquartered in Shenzhen, Guangdong Province, China, Ping An Insurance is an integrated financial services institution that blends core insurance operations into securities brokerage, trust and investment, commercial banking, asset management and corporate pension business to create a highly efficient and diversified business. With Operating income of over $18 billion, Ping An is a member of the Fortune 500 and the number one ranked Chinese non-SOE (non-state owned enterprise).
Solix EDMS will provide Ping An initially with advanced database archiving, database subsetting and data masking capabilities for its Oracle e-Business Suite environment. Insurance regulations and business processes require Ping An to maintain large amounts of data in their database. Using Solix EDMS Archiving with pre-populated templates for multiple packaged applications, Ping An will effectively manage their Oracle e-Business Suite environment by allocating data depending on business value, all the while maintaining database performance, data access and data privacy in the non-production environments. The Solix solution will later be extended to custom and other packaged applications like PeopleSoft and Siebel that are deployed at Ping An and are supported by Solix EDMS.
Solix partnered with Oracle Advanced Customer Service on the Ping An opportunity and represents Solix's entry into the Chinese market. "Chinese businesses have been growing at exponential rates over the last several years" said Shekhar Dasgupta, President and COO of Solix Technologies, "data management will help companies like Ping An to manage their data while maintaining data access for compliance".
Database archiving is a proven technique to reduce the size of production databases resulting in improved application performance, faster clones during migration, testing, development and disaster recovery cycles and reducing storage costs throughout the entire IT infrastructure.
Using Solix Enterprise Data Archiving, Ping An will automate the process for archiving and purging of historical data from their Oracle database. By implementing Solix Enterprise Data Archiving, Ping An can reduce the size of primary database, keeping growth in-check, maintain performance and lower storage costs.
About Solix Technologies, Inc.
Solix Technologies, Inc., a leader in Enterprise Data Management solutions, helps businesses improve application performance, reduce storage costs and meet compliance requirements. Solix Enterprise Data Management Suite (Solix EDMS) software enables organizations to implement Database and Application Archiving, Test Data Management (Data Masking, Data Subsetting) and Application Retirement across all Enterprise data. Solix partners with the leading application and storage vendors to provide integrated information lifecycle management (ILM) solutions for today's heterogeneous environments. For more information please visit http://www.solix.com or call 888-GO-SOLIX.
About Ping An.
Ping An is the first financial conglomerate to establish in China with insurance as its core business together with a diverse range of businesses including securities, trust, banking, asset management and enterprise annuity. Ping An was founded in 1988 and is headquartered in Shenzhen. The Group has listed its shares on the Hong Kong Stock Exchange since June 2004, and on the Shanghai Stock Exchange since March 2007, under the name of "Ping An". As at 31st December 2008, under International Financial Reporting Standards (IFRS), consolidated total assets and total equity of the Group were RMB 754.7 billion and RMB 85.7 billion respectively. The Group employs around 356,000 life agents and 83,000 staff. In June, with a market capitalization of USD42.7 billion, Ping An was named one of Financial Time's "Global 500" for the second time, ranking 87th on the list, 17th among global financial institutions and 3rd among insurers. Ping An has made the lists of Forbes' "Global Listed Companies 2000" and Fortune Magazine "Global 500" previously, topping all Chinese non-state owned enterprises numerous times.