Raymond James Financial Honored with "Best Practices in Storage" Award at Storage Networking World

Business Wire, Oct 25, 2007

CommVault Software Helps Deliver Best Practices in the "Storage Reliability and Data Recovery" Category

OCEANPORT, N.J. -- Raymond James Financial, Inc. (NYSE:RJF), a CommVault[R] (NASDAQ:CVLT) customer, has been recognized by IDG's Computerworld and the Storage Networking Industry Association (SNIA) as the Fall winner of Storage Networking World's (SNW) "Best Practices in Storage" award for "Storage Reliability and Data Recovery." Marking the second consecutive year that a CommVault customer has received this honor, the award recognizes the successful implementation of data management strategies and programs designed to ensure highly available information and data access.

As a leader in the fast-growing and heavily regulated financial services industry driven by explosive data growth, new technology and compliance pressures, Raymond James takes an aggressive approach to the company's IT investment. With over 600 terabytes of data in several hundred databases, streamlining data management while improving data accessibility is critical. By deploying CommVault software products the St. Petersburg, Fla., IT Department developed and executed a singular approach to backup, archive and disaster recovery to allow 25 percent faster backups and 75 percent faster recoveries. Raymond James also reduced overall operating costs and backup windows, while enhancing manageability and the company's confidence to meet internal and external compliance requirements.

"Protecting and recovering data have become prominent issues for many businesses, including Raymond James," said Bruce Philipoom, vice president of information technology at Raymond James. "Our IT initiatives are designed to maximize resources, improve performance and ensure data integrity. CommVault provides us with a single, unified data management software platform that improves the availability of our data. Our backups are reliable, secure and consistent and finish long before we start our next business day - a critical aspect to maintaining our high levels of customer service and efficiency."

According to David West, CommVault's vice president of marketing and business development, Raymond James is a pioneer in the field of information technology. "Raymond James is an example of where leading-edge technology meets competitive advantage and we are extremely proud that Raymond James has been recognized for its innovative IT approach. As this award demonstrates, CommVault products enable customers to reduce complexity, increase flexibility and maximize performance in backup and recovery, while providing a single platform to unify protection and recovery across the IT environment."

SNW, the world's largest and foremost storage networking event, through its "Best Practices in Storage" awards program, identifies and acknowledges excellence among users of storage technology.

In choosing the winners, a panel of enterprise and storage industry experts evaluated 5 finalists based on case study submissions that profiled the companies, their IT departments and storage challenges, as well as application deployment details, summaries of the key technology used, strategic importance to the business and measurable results.

More information about the award, the honorees and the conference, can be found at http://www.snwusa.com/awards.html#results and to learn more about CommVault and CommVault customers like Raymond James, please visit the CommVault website at www.commvault.com/.> About CommVault[R]

A singular vision - a belief in a better way to address current and future data management needs - guides CommVault in the development of Singular Information Management[TM] solutions for high-performance data protection, universal availability and simplified management of data on complex storage networks. CommVault's exclusive single-platform architecture gives companies unprecedented control over data growth, costs and risk. CommVault's software was designed to work together seamlessly from the ground up, sharing a single code and common function set, to deliver superlative Data Protection, Archive, Replication, Search and Resource Management. More companies every day join those who have discovered the unparalleled efficiency, performance, reliability, and control only CommVault can offer. Information about CommVault is available at www.commvault.com. CommVault's corporate headquarters is located in Oceanport, New Jersey in the United States. (cvlt-co)

About Raymond James Financial

Raymond James Financial (NYSE-RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three wholly owned broker/dealers (Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd.) and Raymond James Investment Services Limited, a majority-owned independent contractor subsidiary in the United Kingdom, have a total of more than 4,750 financial advisors serving approximately 1.6 million accounts in 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are currently near $215 billion, of which approximately $37.1 billion are managed by the firm's asset management subsidiaries.