European Organisations Lose EUR17 Billion* a Year by Failing to Protect Their Business-Critical Systems

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CA Technologies

Sep 13, 2010, 02:59 ET

DITTON PARK, England, September 13, 2010 /PRNewswire-FirstCall/ --

- 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

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.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090605/349279 )

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: http://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 http://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 http://www.ca.com.

SOURCE CA Technologies

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