EVault Grows its Credit Union Customer Base

EVault, Inc.  a Seagate Technology company, announced that rising demand for its backup and recovery Software as a Service (SaaS), licensed software and managed services offerings helped the company grow its credit union customer base by more than 50 percent over the past twelve months. Hundreds of credit unions in North America, including Tower Federal Credit Union, Travis Credit Union, Langley Federal Credit Union, NASA Federal Credit Union and City County Credit Union, rely on EVault to keep their core system data secure, encrypted, compliant and easy to manage.

"Credit unions face increasing competitive pressures as they try to expand their business reach and offer members more banking services," according to Robert Hunt, senior research director at Tower Group, a leading research and advisory services firm focused exclusively on the global financial services industry. "The need to improve operational efficiencies, especially in IT, is paramount for growth. It is essential to ensure data is protected so IT’s efforts can focus on building the business and servicing their members."

In order to help more credit unions efficiently and securely manage and protect ever-increasing amounts of data and improve Recovery Time Objectives (RTO), EVault also partners with the leading core system vendors in the industry, including Harland Financial Services, FiServ’s CUSA and Information Technology, Inc. (ITI) and Ongoing Operations. Used by more than 20,000 customers worldwide, EVault’s data protection technology is patented to reduce storage footprint and network bandwidth requirements while ensuring end-to-end security and quick backups and recoveries. For online backup and managed services customers, the company has seven secure Tier III & IV SAS 70 Type II certified data centers throughout North America for offsite data protection.

Several credit unions attest to the benefits of being an EVault customer:
“We have increasing regulation attached to protecting member data, and beyond just backing up the data electronically, we also needed a solution that provided encryption for information stored off-site. EVault provides this added layer of security.”
Tim Burch, vice president technology services, NASA Federal Credit Union

“EVault is a pioneer in online backup and SAS-70 is a big thing in the credit union world. It means a lot to provide our auditors with the SAS-70 certification to ensure we are secure in our treatment of backup data.”
Nancy Bourdon Chief Information Officer City County Credit Union

“Protecting our members’ data is key to the continued growth and success of Travis Credit Union. We made the commitment to standardize on EVault InfoStage as our single backup platform for Business Continuity and ease of use reasons, and have discontinued the use of tape backup altogether.”
Richard Roark, VP information technology at Travis Credit Union

“Credit unions want to know that all of their data is secure, protected and most importantly, quickly recoverable in case of disaster,” said Shail Khiyara, senior vice president of the EVault business unit of Seagate Services. “They also want flexibility without the drain on limited resources, and only EVault can offer unparalleled data protection via SaaS, licensed software or managed service offerings that easily scale as business and data requirement grow and change.”