Dynacons secures Rs 214cr deal with Union Bank of India for private cloud expansion

Dynacons announced its major win – a Rs. 214 Crores order from Union Bank of India for the expansion of the bank’s On-Premises Private Cloud. This landmark project signifies a strategic enhancement in the bank’s IT infrastructure, deploying cutting-edge Hyper-Converged Infrastructure (HCI) and Software Solution aimed at boosting efficiency and security.

Union Bank of India, a leading public sector bank headquartered in Mumbai, is renowned for its expansive network of 9400+ branches and 125 regional offices across India. The bank’s initiative to create a private cloud solution underscores its commitment to standardizing and automating processes. This move not only facilitates rapid scaling and technology enhancements but also minimizes operational complexity while automating application provisioning and deployment.

The bank’s current expansion focuses on enhancing the On-Premise Private Cloud Infrastructure across its data center in Mumbai, Near Disaster Recovery (DR) at Thane, and Disaster Recovery site in Bengaluru. This deployment is poised to revolutionize the bank’s IT framework, promising unmatched performance, scalability, and resilience.

Major Win for Dynacons: Rs. 214 Crores Order from Union Bank of India for Private Cloud Technology

The project encompasses the deployment of private cloud solutions and related software, including the supply, installation, and commissioning of 210 all-flash vVSAN ready Hyper-Converged nodes across the bank’s primary site in Mumbai, NDR site at Thane, and DR site at Bengaluru. Additionally, Dynacons will provide comprehensive onsite support for five years, ensuring a guaranteed uptime of a minimum of 99.95% throughout the year.

The implementation of the HCI solution is expected to bring several key benefits to the bank, including enhanced agility and scalability, bolstered security measures to protect sensitive financial data, streamlined operations through optimized IT management, and high performance and low latency to improve user experiences.

Shirish Anjaria, Chairman cum Managing Director of Dynacons, expressed enthusiasm about the collaboration with Union Bank of India, highlighting the project as a testament to the team’s expertise and dedication. This partnership reflects Dynacons’ ongoing commitment to delivering innovative solutions that enable businesses to excel in the digital era.

This strategic initiative between Dynacons and Union Bank of India not only marks a significant leap in the bank’s digital transformation journey but also sets a new benchmark for IT infrastructure development in the banking sector, emphasizing the critical role of technology in shaping the future of financial services.