PARIS AND HONG KONG, November 14, 2011: 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 CenturyLink company and 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 are 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.”
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 900 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the set up of SaaS infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 136.2 million in 2010. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.
Linedata provides comprehensive front-to-back solutions and services to manage all types of investment processes, from pre-trade to post-settlement, across a wide range of firms, including institutional portfolio and collective management companies, hedge funds, prime brokers, fund managers, transfer agents, corporate savings fund managers, and subsidiaries of banks or independents.
Savvis, a CenturyLink company, is a global leader in cloud infrastructure and hosted IT solutions for enterprises. Nearly 2,500 unique clients, including more than 30 of the top 100 companies in the Fortune 500, use Savvis to reduce capital expense, improve service levels and harness the latest advances in cloud computing.
CenturyLink is the third largest telecommunications company in the United States. The company provides broadband, voice and wireless services to consumers and businesses across the country and advanced entrtainment services under the CenturyLink™ Prism™ TV and DIRECTV brands. In addition, the company provides data, voice and managed services to business, government and wholesale customers in local, national and select international markets through its high-quality advanced fiber optic network and multiple data centres. CenturyLink also is recognized as a leader in the network services market by key technology industry analyst firms, and is a global leader in cloud infrastructure and hosted IT solutions for enterprises through Savvis, a CenturyLink company. CenturyLink’s customers range from Fortune 500 companies in some of the country’s largest cities to families living in rural America. Headquartered in Monroe, La., CenturyLink is an S&P 500 company and is included among the Fortune 500 list of America’s largest corporations.
For more information, please contact:
Liz Fidler, Northern Europe
Tel: + 44 207 469 8725