Abacus Group, which provides hosted IT services to hedge and private equity funds, has launched StorageBurst, an on-demand service that offers secure and redundant data storage off-site.
Among other applications, StorageBurst helps funds store and back up tick level data to meet regulatory requirements. “It’s not uncommon for today’s hedge funds to deal with terabytes of data, yet many simply don’t have the infrastructure or capital to properly store, back up and monitor it,” says Chris Grandi, CEO of Abacus.
StorageBurst offers the ability to add or remove storage, with redundancy offered from secure (tier 3 level) data centres in New York, California and Philadelphia. Physical or virtualised servers are also offered.