Oncore IT, a Cloud and IT managed services provider, today announced that it has signed a three year contract with London & Capital, a leading firm of investment advisers and asset managers, to provide a cost effective and scalable public Cloud-based backup solution to maximise the level of data security, improve resilience and enhance its backup processes and procedures.
Oncore IT is supplying 3 TB of online backup on its Asigra-based Cloud storage platform, with London & Capital moving away from a legacy tape solution which was managed in-house for core company data.
Glenn Murphy, London & Capital's head of IT says, "Shifting to a third party to manage our backup and restore systems reduces the management, IT and cost overhead on our business. Expenditure becomes operational rather than capital, and we commit to an established and compliant back up and restoration solution managed by a specialist."
Established in 1986, London & Capital is an independent wealth management firm with a global team of 90 staff who manage $3.3 billion1 of investments for its clients who comprise private individuals, institutional investors, intermediaries and charities from around the world.
Paul Cook, Oncore IT's head of sales & marketing, says, "As a service provider, we've invested heavily in creating a highly secure platform using best-in-class technology from Asigra. This means all clients, especially those in financial services, have full confidence that their business critical information will always be available, in line with FSA2 polices and recommendations."
A specific secure London & Capital 'vault' has been created on Oncore IT's storage platform with data from its core applications loaded into it, such as trade order and portfolio management systems.
To establish the data updates, just one Asigra monitoring client - a DS Agent - was installed in London & Capital's environment to collect data from its servers. This massively simplifies rollout and contrasts with other solutions which require monitoring agents on each and every system. Data is held in Oncore IT's London datacentre and replicated to its offshore facility for resilience.
Glenn Murphy says, "Having reviewed various suppliers, we selected Oncore IT and Asigra given the competitive cost of the s storage, and the ease of implementation which means the time overhead for deployment has been low. And of course, we can scale the amount of data we store on-demand based on our business needs and any future regulatory requirements."
 As of Sept 31, 2012
 Financial Services Authority