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UBS chooses Juniper Networks' MetaFabric to connect private cloud network

Matthew Finnegan | May 14, 2014
Financial services giant UBS has selected Juniper Networks' MetaFabric architecture to provide a ‘carrier-class' network capable of managing its disparate data centres.

Financial services giant UBS has selected Juniper Networks' MetaFabric architecture to provide a 'carrier-class' network capable of managing its disparate data centres.

The open standards MetaFabric architecture, launched in October last year, pulls together a number of Juniper products, including its software defined networking system, Contrail, MX routers and EX switches. It is designed to allow customers to pool resources from across data centres to make them more readily available for application demands.

Swiss bank UBS said that the Juniper systems will provide the "building block" for its attempts to virtualise a number of its data centre environments as part of a private cloud environment. The bank aims to provide a "secure global infrastructure" through the use of automation, management and data analytics tools.

"Banks are re-engineering their business models in light of changing market and regulatory conditions, changing customer behavior, and emerging technologies," said Shaygan Kheradpir, Juniper Networks chief executive. "Managing this transformation in financial services requires an intelligent High-IQ network infrastructure that knows how to fluidly adapt to business demands. It also requires building private clouds that deliver applications with high performance and agility."

In 2010, UBS signed a five-year network outsourcing deal with CSC worth up to $580million (£381 million), which covers voice and data networking, security and telecoms services.

The new contract win is a boost for Juniper CEO Kheradpir, who recently joined the firm after his tenure as CTO for Barclays, where he was replaced by Commonwealth Bank of Australia CIO, Michael Harte.

Last month Juniper announced plans to lay off approximately 500 staff as part of a restructuring intended to cut costs and focus the company on markets where it can grow fast.

 

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