NaviSite (NAVI) Selected by Farmer Mac for Its Disater Recovery Solution
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NaviSite, Inc. (NASDAQ: NAVI) today announced that the Federal Agricultural Mortgage Corporation has selected NaviSite for its disaster recovery solution.
The Federal Agricultural Mortgage Corporation, commonly known as Farmer Mac, is a stockholder-owned, government-sponsored enterprise created by Congress to improve the availability of long-term credit for America's farmers, ranchers, rural homeowners, businesses and communities.
Farmer Mac needed a robust disaster recovery solution that provided assurance of continuing compliance with SAS-70 audit report requirements, as well as Sarbanes-Oxley. At the same time, Farmer Mac was confronting end-of-life issues with its current hardware platform. NaviSite's overall value proposition attracted Farmer Mac, which needed a solution that could scale to meet changing requirements.
"We had stringent requirements for our disaster recovery solution," said Tom D. Stenson, Executive Vice President - Chief Operating Officer. "We needed a solution that would both scale and assure continued regulatory compliance with SAS-70, as well as Sarbanes-Oxley. With a management portal that makes it easy to monitor and manage our environment, the NaviSite solution addresses our needs, and enables us to focus our attention on core business initiatives."
Leveraging hardware and software to replicate data and processing capacity, NaviSite's Disaster Recovery solution provides immediate fail-over to an alternate technology environment. Customers can choose a disaster recovery solution that fully replicates their primary data center environment for complete fail-over capacity or a partial environment solution that supports recovery for selected business functions.
No financial data was included in the release.
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