Forex player Adapts to cloud life

News Jane McCallion Jan 15, 2013
Bank notes
Bank notes

Moneycorp partners with Adapt to reduce risk and increase scalability

Foreign exchange firm Moneycorp has moved its IT infrastructure onto managed services provider Adapt’s Enterprise Virtual Data Centre (eVDC).

Moneycorp’s infrastructure will be fully hosted and managed by Adapt, which the company claims will provide it with a significantly higher level of availability and performance, as well as strengthening existing disaster recovery capabilities.

The decision to adopt cloud came as part of a drive to reduce Moneycorp’s risk profile, Kenneth Byrne, head of IT services, told Cloud Pro.

“The company had built up its IT and communications infrastructure over the years and had got to the point where it was not really fit for purpose,” Byrne said.

“We had reached the maximum capacity of what we could actually fit in our server and comms rooms and were really struggling with things like power outages, which could hit us quite heavily,” he added.

Furthermore, the company’s existing internal infrastructure did not offer the scalability needed for its future plans, such as the building of a large, in-house foreign exchange trading platform.

Adapt’s eVDC provides Moneycorp with synchronously replicated storage across two sites using a compute layer based on Cisco’s USC technology, coupled with VMware’s vSphere, the organisation said.

Simon Fisk, sales and marketing director at Adapt, said: “This is an exciting partnership for us, as Moneycorp is a true leader in the fast-moving and constantly evolving [foreign exchange] market. We look forward to developing this relationship in the near future.”