Duet Group Guarantees Recovery Time Objective, FSA Compliance and Server Backup With Removal of Tape Backup and Implementation of Disaster Recovery Technology From DataFort
Poster: SySAdmin
Posted on April 11, 2012 at 3:07:01 AM
Duet Group Guarantees Recovery Time Objective, FSA Compliance and Server Backup With Removal of Tape Backup and Implementation of Disaster Recovery Technology From DataFort
GUILDFORD, England, April 11, 2012/PRNewswire/ --
- DataFort's Hi-5 suite of business continuity/disaster recovery services provide
security, regulatory compliance and vital time-saving in the event of lost servers to
global asset management firm -
Duet Group, the London-based global alternative asset management firm, has selected
Managed Service Provider (MSP) DataFort to meet its recovery time objective
[http://www.datafort.com/business.continuity.asp ], remove the reliance on tape backup
[http://www.datafort.com/article.not_tape.asp ] and protect its entire server backup
[http://www.datafort.com/article.sbs.backup.asp ] with Hi-5, a suite of business
continuity and disaster recovery services. The Hi-5 service ensures compliance with FSA
data storage guidelines, whilst replacing the indefinite recovery timeframes provided by
tape backup with guaranteed SLAs for recovery of data, server failure or loss of access to
their business premises.
Duet Group is a global alternative asset manager, founded in 2002. The group manages
over US$2.7 billion of assets over three business areas: Hedge Funds, Private Equity and
Funds of Hedge Funds.
Replacing the old-fashioned and time-consuming process of tape backup, the Hi-5, High
Availability service will allow Duet Group to exceed FSA customer service and data
security guidelines and requirements while meeting a recovery time objective. As an asset
management firm, Duet will from time to time hold sensitive data, such as personal and
investor information, market holdings and risk details which the company has a duty to
hold securely for at least five years in premises located at least 7 miles away from their
primary business location. As an FSA-regulated organisation, failure to comply with these
regulations could result in significant financial penalties and full server backup is
critical.
The High Availability service from DataFort has replaced the tape backup process which
may potentially prove less satisfactory from a recovery perspective due to the fact that
recovery of data could take in excess of 5-10 hours. Also, since tape backup often occurs
only once each day, it may leave as much as 24 hours' worth of data exposed to permanent
loss. Such risks are unacceptable in an industry where the ability to trade instantly when
market conditions demand it can mean the difference between making or losing significant
amounts of money for Duet Group and its clients. In contrast, DataFort's Hi-5 backup
images are kept in tight synchronization with all the protected machines, meaning that the
potential to lose data is absolutely minimized. In the event of server failure, Duet Group
will continue trading from a virtual server running inside a local backup appliance, with
a maximum downtime of under 2 hours meeting its recovery time objective.
Tue Sando, General Counsel at Duet Group, comments, "Duet takes the protection of our
clients' data extremely seriously. DataFort's Hi 5 service has allowed Duet to strengthen
its Business Recovery Program and ensure that it not only complies with the FSA's data
storage guidelines but also gives our clients the best and the quickest data recovery
service which an antiquated tape technology would not be able to provide."
Duet has contracted for DataFort's Hi-5 High Availability Service - a near replication
speed onsite/offsite server imaging and data archival service - to protect its business
critical servers.
Sando continues, "Mismanagement of sensitive data is a serious risk in our business.
With this in mind, we required a system which would ensure beyond doubt that our data
could not be lost and could also be recovered safely and quickly. The Hi-5 solution from
DataFort does just that - within 120 minutes we can be trading again with data made
available from the backup appliance. In contrast, the tape solution could take in excess
of a day to retrieve data, and with no guarantee of a complete replication. In an industry
such as ours, this was absolutely unacceptable."
Sando concludes, "The choice to use DataFort above their competitors was simple. We
wanted a provider who was large enough to survive the economic downturn, but not too big
for us to be overlooked, as well as providing solid disaster recovery technology. DataFort
gives us a full server backup and comprehensive service with an exemplary working
relationship. The system is reliable and has given us the security which we required to
remain compliant as well as to continue to manage clients' funds effectively with little
or no disruption through a server failure."
About DATAFORT
DATAFORT provides dependable and secure data protection services that offer
enterprise-level functionality with a focus on security and reliability. Its software and
services are used by thousands of organisations worldwide, ranging from SMBs through to
large enterprises and local government departments. Every hour of every day someone,
somewhere backs up with DATAFORT. The company was founded in 2000, is headquartered in
Guildford, UK and has offices in London and New York. For further information please
contact 0800-45-44-35.
For further information, please contact:
Jenny Williams
itpr
+44(0)1932-578-800
Source: DATAFORT
GUILDFORD, England, April 11, 2012/PRNewswire/ --
- DataFort's Hi-5 suite of business continuity/disaster recovery services provide
security, regulatory compliance and vital time-saving in the event of lost servers to
global asset management firm -
Duet Group, the London-based global alternative asset management firm, has selected
Managed Service Provider (MSP) DataFort to meet its recovery time objective
[http://www.datafort.com/business.continuity.asp ], remove the reliance on tape backup
[http://www.datafort.com/article.not_tape.asp ] and protect its entire server backup
[http://www.datafort.com/article.sbs.backup.asp ] with Hi-5, a suite of business
continuity and disaster recovery services. The Hi-5 service ensures compliance with FSA
data storage guidelines, whilst replacing the indefinite recovery timeframes provided by
tape backup with guaranteed SLAs for recovery of data, server failure or loss of access to
their business premises.
Duet Group is a global alternative asset manager, founded in 2002. The group manages
over US$2.7 billion of assets over three business areas: Hedge Funds, Private Equity and
Funds of Hedge Funds.
Replacing the old-fashioned and time-consuming process of tape backup, the Hi-5, High
Availability service will allow Duet Group to exceed FSA customer service and data
security guidelines and requirements while meeting a recovery time objective. As an asset
management firm, Duet will from time to time hold sensitive data, such as personal and
investor information, market holdings and risk details which the company has a duty to
hold securely for at least five years in premises located at least 7 miles away from their
primary business location. As an FSA-regulated organisation, failure to comply with these
regulations could result in significant financial penalties and full server backup is
critical.
The High Availability service from DataFort has replaced the tape backup process which
may potentially prove less satisfactory from a recovery perspective due to the fact that
recovery of data could take in excess of 5-10 hours. Also, since tape backup often occurs
only once each day, it may leave as much as 24 hours' worth of data exposed to permanent
loss. Such risks are unacceptable in an industry where the ability to trade instantly when
market conditions demand it can mean the difference between making or losing significant
amounts of money for Duet Group and its clients. In contrast, DataFort's Hi-5 backup
images are kept in tight synchronization with all the protected machines, meaning that the
potential to lose data is absolutely minimized. In the event of server failure, Duet Group
will continue trading from a virtual server running inside a local backup appliance, with
a maximum downtime of under 2 hours meeting its recovery time objective.
Tue Sando, General Counsel at Duet Group, comments, "Duet takes the protection of our
clients' data extremely seriously. DataFort's Hi 5 service has allowed Duet to strengthen
its Business Recovery Program and ensure that it not only complies with the FSA's data
storage guidelines but also gives our clients the best and the quickest data recovery
service which an antiquated tape technology would not be able to provide."
Duet has contracted for DataFort's Hi-5 High Availability Service - a near replication
speed onsite/offsite server imaging and data archival service - to protect its business
critical servers.
Sando continues, "Mismanagement of sensitive data is a serious risk in our business.
With this in mind, we required a system which would ensure beyond doubt that our data
could not be lost and could also be recovered safely and quickly. The Hi-5 solution from
DataFort does just that - within 120 minutes we can be trading again with data made
available from the backup appliance. In contrast, the tape solution could take in excess
of a day to retrieve data, and with no guarantee of a complete replication. In an industry
such as ours, this was absolutely unacceptable."
Sando concludes, "The choice to use DataFort above their competitors was simple. We
wanted a provider who was large enough to survive the economic downturn, but not too big
for us to be overlooked, as well as providing solid disaster recovery technology. DataFort
gives us a full server backup and comprehensive service with an exemplary working
relationship. The system is reliable and has given us the security which we required to
remain compliant as well as to continue to manage clients' funds effectively with little
or no disruption through a server failure."
About DATAFORT
DATAFORT provides dependable and secure data protection services that offer
enterprise-level functionality with a focus on security and reliability. Its software and
services are used by thousands of organisations worldwide, ranging from SMBs through to
large enterprises and local government departments. Every hour of every day someone,
somewhere backs up with DATAFORT. The company was founded in 2000, is headquartered in
Guildford, UK and has offices in London and New York. For further information please
contact 0800-45-44-35.
For further information, please contact:
Jenny Williams
itpr
+44(0)1932-578-800
Source: DATAFORT