Beauchamp Financial Technology (BFT) says it has bought HedgeConnect to provide clients with an outsourced disaster recovery solution connected to their BFT portfolio management systems.
HedgeConnect will provide Beauchamp customers with a choice of two disaster recovery packages, providing either overnight or real-time backups of business-critical data and application directories onto dedicated servers hosted by HedgeConnect at remote locations.
BFT says that, unlike traditional disaster recovery solutions, users of HedgeConnect will have secure access to their DR servers from any location, at any time, using an RSA SecurID key fob. As a result, they will have immediate access to key applications and data, including their Beauchamp portfolio management systems, in a disaster recovery situation.
“We are very pleased to be able to offer our clients a trusted third party disaster recovery solution, provided by hedge fund IT specialists like ourselves with specific attention to storing and recovering data from Beauchamp systems,” says Clare Flynn, President of Beauchamp Financial Technology. “There is considerable demand amongst hedge funds for an affordable but robust disaster recovery service that can offer both managers and their investors the peace of mind that comes from knowing that business-critical data is being backed up and maintained by experts.”
Anthony Hamilton, Founder and Managing Director of Corporatec, which owns HedgeConnect, says the partnership with Beauchamp Financial Technology underlines a commitment to provide clients with disaster recovery technology that not only enhances their network security but also mitigates business risk due to inaccurate or lost trade data. “The hedge fund industry has reached a level of maturity where business continuity planning has become vital,” he says. “HedgeConnect, Corporatec’s wholly owned disaster recovery division, offers fund managers an efficient, practical, vendor-approved and cost-effective disaster recovery solution.”