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Millennium bcp, the largest Portugal based listed bank, with 1,800 branch offices in Portugal, Poland, Greece, Mozambique, Angola and Romania, has recently adapted Cisco (News - Alert) cloud computing technology to help optimize data center resources and reduce total cost of ownership while increasing business agility and productivity.

The new partnership will enable the development team of Millennium bcp to decrease the application time to market for new services, just by switching to the Cisco cloud computing technology. Not only this, the company can also increase agility in its business, reach unprecedented scalability levels, offer flexible services and make efficient use of energy, physical space, and the total cost of investment.

Carlos Alves, CIO, Millennium bcp said in a statement, "We expect to change some of our organization foundational principles. We trust this will serve as a benchmark for improving operations, bringing increased agility and flexibility to the bank, while helping control costs. It will also release internal resources from commoditized tasks, allowing Millennium bcp's employees to focus on the core business." 

Apart from the above advantages, Millennium bcp can also look up on getting adequate cost management, while improving the response to the development team through a better usage of resources and provisioning. This will lead to an improvement on the project's time-to-market, and to an increase on the development teams' productivity while reducing the operational risk, said the company officials.

Wendy Mars, director Data Centres and UCS, Cisco data center is constantly evolving to meet employee expectations for accessing networks, applications and information anywhere at any time with any device and Cisco's approach to infrastructure allows for this change and the delivery of new, not-yet-enabled services. , said that the

“With the announcement of this project, Millennium bcp is taking a pioneering step forward by embracing new technology such as virtualization, cloud computing, desktop virtualization and a unified data center infrastructure, which will see a number of benefits, including economic efficiencies, differentiation from competitors and crucially, being able to meet their employee expectations while simultaneously helping to meet their own business goals," Mars added.

Millennium bcp is the first customers to adopt a cloud-based model, based on Portugal Telecom's (News - Alert) cloud infrastructure.