Republic Bank Ltd yesterday announced the appointment of Nigel Mark Baptiste, as Managing Director Designate of Republic Bank Ltd and President and Chief Executive Officer Designate, of Republic...
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Columbus expands RaaS in region
BRIDGETOWN—Columbus Business Solutions (CBS), the business brand of Columbus International Inc (Columbus), and a provider of premium telecommunications services to businesses in the greater Caribbean, Andean and Central American regions, has expanded its presence in the Recovery as a Service (RaaS) market, under its portfolio of Cloud Continuity Services.
RaaS, a business solution that facilitates cloud-based business continuity, data protection and replication, is forecasted to grow from US$642 million in 2013 to US$5.8 billion globally by 2018, according to the Global Disaster Recovery-as-a-Service Market report from TechNavio (November 2013). In Latin America and the Caribbean, the technology is increasingly viewed as a new growth area and one that is critical to business efficiency and growth.
RaaS industry leader, Geminare, which was recently designated by Gartner as the top ranked global RaaS product enabler, is the underlying technology for the Columbus Seamless Replication services offering. RaaS is ideal for mid-sized enterprises that are striving to protect their physical and cloud-based infrastructure. Initially, only large and specialised enterprises were able to take advantage of the product.
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