BAIP renewed data storage at the Bank of Lithuania

BAIP has renewed magnetic tape libraries at the Bank of Lithuania. The company has won an open public tender and completed the project with the value of 0.5 million EUR.

Tape library is a reliable and cost effective solution for information storage. Such equipment is mostly used for archiving and backup. Tape libraries can be managed centrally and provide access to large quantities of data via internet connection. They do not need constant energy supply and might be up to 60% more cost-efficient than energy dependent hard drives.

“We offered the Bank of Lithuania hardware and software developed by our partner IBM, because IBM products are remarkable for their excellent performance”, said Mr Gytis Umantas, BAIP CEO.

BAIP provides services to local and foreign central banks. In April 2014 the company has signed two contracts with Burundi Central Bank and will modernise and maintain the infrastructure of the bank’s data centre that supports the national payment system.

BAIP provides critical IT infrastructure solutions, including IT infrastructure strategy and architecture, software and hardware supply, IT security and maintenance services for more than 200 largest organisations in Lithuania. The company assists in the implementation of difficult migrations, systems installation, data recovery and ensures information system resilience and continuity of business processes. The company is a part of BAIP group that unites BAIP, Acena, NRD, Norway Registers Development AS, Norway Registers Development East Africa Limited and NRD CS.

IBM is a world leader in data storage products. The company was one of the first to present tape storage solution more than 60 year ago. Tape libraries still remain the most cost efficient solution for large data storages and are often chosen by organisations that need to store large quantities of data: banks, universities and hospitals. Such tape libraries are also used in Oxford and Oklahoma universities.


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