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02/15/2007, 2:30 PM - 3:30 PM
Speaker:
Barry Strasnick, CIO, CitiStreet.
Who/what is CitiStreet
» Retirement and benefit recordkeeping
» Joint venture of State Street and Citigroup
» 12 million participants
Challenges/opportunities of the hardware pricing model of firms like HP and IBM
» Significant savings in both acquisition and maintenance costs by going to Intel/AMD vs. proprietary chip, but that means Linux as opposed to HP-UX or AIX
» Better performance and availability at lower costs
Our experience
» Increased throughput
» Enhanced availability
» Excellent support
Conclusion :
Some use of open source is the prudent approach for large financial services applications
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