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Long before
the mainstream emergence of the Internet, The Vanguard Group considered
itself a virtual company. �We�ve always been essentially one location
with clients all over the world,� says Robert A. DiStefano, Managing
Director, Information/Technology. For us to have billions of people�s
dollars for investment purposes and be that remote from them can
be accomplished only through real trust.� And trust, for a company
that manages 14 million shareholder accounts, depends on round-the-clock
information access.
"Our
high-quality service and low-cost advantage has opened the door
to clients dealing with us and their experience has engendered
trust,� says DiStefano. �To maintain the levels of service and
quality our clients have come to expect from Vanguard requires
that our technology environment be bulletproof.�
"Our
internal activity is solely information-based,� says DiStefano.
"That�s why IT has grown to over 40 percent of the company�s
budget. Yet we always have to remember we�re an investment company;
we�re not a technology company. That means our technology has
to be directly related to serving our clients. EMC Enterprise
Storage fits this profile and has played a central role in building
our information infrastructure.�
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