Linedata Affirms Outsourcing Trend with New Data Facility in Asia
Linedata, the global solutions provider dedicated to the investment management and credit industry, today announced the opening of a new data facility to run its hosted services in Singapore. This new facility will form part of a global network with existing data centres in US and UK.
Recognising the growing appetite amongst clients and in the investment management community at large, Linedata has opened this centre to enhance the local Linedata Hosting experience, providing Asian clients with locally hosted expertise and a low-latency solution for the region, with a 99% high availability service, in addition to the existing benefits of a fully scalable, supported and managed solution, including remote access via secure log in and managed upgrades.
“Asia is strategically significant for Linedata, and this data centre represents a considerable investment in the region,” said Sally Crane, Managing Director of Linedata Asia. “We are building on our extensive hosting capabilities. Our Asian SaaS clients already enjoy a secure, flexible and cost-effective solution in Linedata Hosting – we take care of the hardware and software which frees clients up to focus on running their business. One important consideration for investor due diligence and management of operational risk is that we provide a secure, robust environment with full business continuity and disaster recovery. The fact that it is now hosted locally in Singapore means a faster service and deployment of local expertise in addition to our existing, outstanding hosted services.”
Hong Kong-based hedge fund manager and incubation platform provider OP Investment Management has been a Linedata client for over 7 years. On their strategic move to a locally hosted from an in-house version of Linedata Beauchamp, Michael Stockford, Chief Executive Officer, observes, “Our decision to move to a hosted environment was driven by several factors. First, to address investor demands for managers to have robust internal portfolio systems that include efficient disaster recovery procedures. Second, the ability to easily upgrade to the latest software release. Third, our own desire to ensure hardware capacity constraints do not become an issue, in particular so that managers when travelling can safely and securely access the system where ever they may be.”
Linedata Hosting is an established service, available worldwide and backed by Linedata’s 10+ years of SaaS experience. Extremely scalable, Linedata Hosting is suitable for start-up hedge funds and major financial institutions alike, and uniquely, Linedata can deliver its entire front-to-back office solution as an integrated, hosted offering.
The data centre is run by Savvis, a global leader in cloud infrastructure and hosted IT solutions. Mark Smith, Managing Director of Asia for Savvis, commented, “High levels of security for managed hosting and cloud is of the utmost importance to enterprises today. At Savvis we have data and network encryption at our disposal and can secure the cloud infrastructure at multiple levels. Our clients, such as Linedata, that offer cloud-based services on our infrastructure are able to provide their customers with service levels that can cover security, backup and recovery, infrastructure and service reliability as well as quality of service. This helps our clients’ clients limit their risk exposure.”