Linedata has opened a new data facility to run its hosted services in Singapore. This new facility will form part of a global network with existing data centers in the US and the UK.
Recognizing the growing appetite amongst clients and in the investment management community at large, the center will provide 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 center 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 OP Investment Management has been a Linedata client for over seven years. On their strategic move to a locally hosted from an in-house version of Linedata Beauchamp, Michael Stockford, CEO, said: “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.
(JDC)