European Organisations Lose EUR17 Billion* a Year by Failing to Protect Their Business-Critical Systems
By Ca Technologies, PRNESunday, September 12, 2010
An Organisation's Ability to Generate Revenue Falls by a Third When Important IT Systems are Compromised, According to a Report Just Published by CA Technologies
DITTON PARK, England, September 13, 2010 - CA Technologies (NASDAQ: CA) today announced the results of an
independent report revealing that European organisations are collectively
losing more than EUR17 billion* in revenue each year from the
time taken to recover from IT downtime - that's the equivalent of 13.5
percent of the proposed EU budget for 2011. CA Technologies believes much of
this considerable cost to business and the economy can be avoided through
better data protection strategies that focus on the speed of data recovery.
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The CA Technologies 'Avoidable Cost of Downtime 2010 Report' illustrates
that the financial losses associated with IT outages quickly escalate the
longer organisations take to fix them. The survey of 1,808 organisations
across 11 European countries reveals that each suffers an average of 14 hours
of IT downtime a year, which equates to almost 1 million** hours across
Europe. For country variations see: www.arcserve.com/emea/acd
Chris Ross, Vice President EMEA and Asia-Pacific, Recovery Management and
Data Modelling Customer Solutions Unit, CA Technologies, said: "The smooth
running of IT is critical for many organisations in today's fragile economic
climate and any degradation in service not only affects employee
productivity, but also can be very visible to customers. With companies
increasingly dependent on online services to generate revenue or provide an
essential channel of customer communication, the financial impact of outages
is becoming a critical issue. Fortunately, much of this cost is avoidable -
organisations can tackle it through a re-evaluation of their disaster
recovery strategy. Doing so could have a direct impact on their financial
position and help them manage their emergence from the recession."
* EUR17,722,978,794
** 956,373 hours
To view the full release visit pitch.pe/86638
About CA Technologies
CA Technologies (NASDAQ: CA) is an IT management software and solutions
company with expertise across all IT environments - from mainframe and
distributed, to virtual and cloud. For additional information, visit CA
Technologies at www.ca.com.
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For questions about the survey and calculations, please contact:
Tariq Ahmed, Communications Manager, CA Technologies Europe,
Tel: +44-(0)1753-241-069, tariq.ahmed at ca.com; Press Contact, Sarah Atkinson,
VP, Communications, CA Technologies Europe, Tel: +44-(0)1753-242191,
Sarah.Atkinson at ca.com
Tags: Ca Technologies, Ditton park, England, September 13, United Kingdom