SecurityWorldMarket

26/05/2008

Securities Depository Center and STS sign agreement

Dubai, UAE

Striving to annex its main site with two brand new sites namely the "Business Continuity and Disaster Recovery" sites, SDC commissioned STS, Jordan's leading IT solutions provider, to furnish the new sites with a full-fledged IT infrastructure comprising of high-end specialized servers and a sturdy communication network.
The agreement will see STS construct and furnish 3 sites; namely, the main site, Business Continuity site and Disaster Recovery site. The agreement will also see STS develop comprehensive solutions and provide full installation of the aforementioned specialized servers and their accompanying systems, in addition to internal and external communication networks based on IBM technologies.

Samir Jradat, executive director at SDC stated: "This project will increase the efficiency of the main site expected to grow at an exponential rate according to the latest international standards, which will guarantee high-end services and unequivocal service-provision to the public."

Also on the agenda is the provision of high security measures for ownership rights of the securities, and an increased speed in securities retrieval process in emergency cases. All this comes in accordance with the latest international standards which will land the center a high rank on the international scene

Ramzi Zeine, STS executive chairman stated: "STS values the SDC initiative to commission STS on this large-scale project which is considered one of the largest projects on a national scale and unique in the Middle East region. This clearly comes in accordance with STS's own vision to gain its clientele's trust, instigating in turn a perpetual rising to the occasion."

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