Fund administrator Meridian Global Fund Services Group has become one of the latest service providers in the industry to implement a managed hosting solution that moves the firm’s core IT infrastructure and data into a secure cloud environment.
Meridian partnered with 6fusion, a leading cloud hosting provider who has developed a consumption-based billing model, allowing hosted infrastructure to be billed as a utility through their solution partner network. 6fusion developed the managed hosting and consumption metering platform for Meridian, while Ignition acted as the IT consultant in the set up process and will provide ongoing resources as needed.
“This initiative has significantly improved our scalability as a global fund administrator and has solidified our disaster recovery solution,” said Eric Smith, senior vice president of Information Technology at Meridian. “We now have the capacity to manage our data needs and realise value from improved performance, improved reliability and lowered cost.”
”We are very excited about the strategic partnership with Meridian Global Fund Services,” said Rob Bissett, vice president, product management at 6fusion. “Through 6fusion, Meridian is leveraging a distributed data network that provides access to significant resources and the ability for virtual unlimited scalability and growth. Our utility metered model contributed to Meridian migrating to the cloud.” The 6fusion data centre is a state-of-the art secure facility with SAS 70 Certification.
Michael W. Branco, senior vice president with the Ignition Group of Technology Companies, which supports 5,000 plus users in 32 countries, said: “We look forward to supporting Meridian’s migration in Bermuda with a 24/7 help desk, quality assurance, managed services and proactive network monitoring.
”Meridian has stepped ahead of its competitors by choosing a hosted infrastructure solution and managed IT services allowing them to concentrate on the core competencies of fund administration rather than managing their own day to day IT.”