The document discusses replacing FTP with a new file transfer solution called FileCatalyst. It describes how TCP, which FTP uses, is inefficient for large file transfers over high latency links. FileCatalyst uses UDP instead of TCP to avoid TCP's flow control limits and congestion response, allowing it to fully utilize available bandwidth. The presentation demonstrates how FileCatalyst outperforms FTP for a variety of transfer scenarios and considers FileCatalyst's support for security, reliability, and automation.