Abraxis Capital
Management Aims for FSA Compliance
with Managed Backup |
“The
combination of cost and convenience is very compelling
to a small organisation like ourselves” Luca Celati,
Director |
| Release
date: May 2004 |
| DataFort,
the leading provider of managed off-site data backup,
today announced that Abraxis Capital Management Ltd
has implemented its off-site backup service to secure
its financial data. With recent FSA guidelines enforcing
companies to store data off-site for up to three years,
DataFort’s service will help Abraxis Capital Management
Ltd achieve compliance. |
| The
company recently moved from a serviced office, where
backups formed a part of the service package, to new
premises within Guildford, Surrey. With a limited number
of employees running a hedge fund, Abraxis wanted a
completely managed backup service so that it could concentrate
on the business without having to worry about overseeing
the backup process. |
| Luca
Celati, Director of Abraxis Capital Management Ltd explains:
“We are a company with limited technical expertise
and few resources, so we were looking for a hassle-free
and affordable route to conduct our daily backup. We
also needed to consider FSA guidelines, but we weren’t
prepared to pay the costs normally associated with off-site
storage.” |
| Following
advice from consultants Computers In The City, DataFort
was selected as it provided an off-site, managed system
that was based on a utility pricing model, which meant
that the company could backup one gigabyte of compressed
data every month very cost effectively. |
| Celati
comments, “Everything from our financial reports
to our PST files in Outlook are backed up every day
and we don’t even have to lift a finger. It is
automatically configured and remotely managed. We can
easily access and retrieve any files that have been
deleted by mistake. The combination of cost and convenience
is very compelling to a small organisation like ourselves
and the service runs like clockwork.” |
| “Small
businesses such as Abraxis Capital Management benefit
from a service such as ours,” comments Gavin Smith,
CEO of DataFort. “All they really need is a an
Internet connection and we can remotely manage and support
their entire backup. This removes the administrative
burden and training costs associated with manual backup,
whilst making the process much more secure.” |
| |
 ABOUT
DATAFORT
DataFort provides
dependable secure off-site computer information storage with
a focus on functionality and convenience for the end user. The
company was founded in 2000 and is headquartered in Guildford,
UK and New York, USA. It’s software and services are used
by thousands of businesses worldwide - ranging from small SMEs
and schools through to quoted companies and local government.
Every hour of every day someone, somewhere backs up with DataFort. |
CONTACTS
Marcie Terman
T: +44 (0) 1483 872 052
E:  |
