Abacus Group Launches StorageBurstTM Scalable service offers immediate high-capacity storage for data-intensive hedge funds
New York, NY, July 10, 2012 — Abacus Group LLC, a leading provider of hosted IT solutions for hedge funds and private equity funds, today unveiled StorageBurstTM, an on-demand service that offers hedge funds a highly available, secure and redundant platform to store large amounts of data off-site. Offering flexible disaster recovery and archiving options, StorageBurst helps funds easily store and back up tick level data to meet regulatory requirements, easily scale to accommodate changing business needs, and reduce storage costs.
The explosion of data over the last several years coupled with dynamic compliance requirements has put excessive stress on many firms’ storage capabilities. Hedge funds today face mounting data storage challenges as they work to back-test large quantitative models and seamlessly manage multiple market data feeds. StorageBurst helps hedge funds manage these “big data” challenges with instant largecapacity storage capabilities that allow funds to add or decrease storage instantly, based on their immediate 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,” said Chris Grandi, CEO of Abacus.
“Many juggle multiple strategies, multiple funds and multiple prime brokers. StorageBurst gives funds with significant yet variable storage requirements, a flexible, fast and cost effective storage solution that can cell phone parental controls easily grow with their business.”
StorageBurst offers a number of advantages over other storage platforms, including:
Scalability — Burstable storage capabilities, with flexible storage policies and management
processes, as well as the ability to quickly and easily add or remove storage as needed without
having to purchase new or upgrade existing storage solutions
Efficiency — Immediate access to a highly redundant and scalable enterprise-level (SATA) or serial attached SCSI (SAS) storage architecture with access to virtualized or physical
servers, with a tiered pricing model and no long-term contracts
Convenience — An experienced team that provides 24x7 help desk and storage management
and monitoring, and flexible back-up scheduling
Security — An SSAE 16-certified provider, Abacus’ StorageBurst offers data segmentation across
different types of storage, as well as flexible disaster recovery and archiving options, with tier-3
data centers in New York, California and Philadelphia.
About Abacus Group LLC
Abacus Group LLC is an IT solutions firm focused on helping hedge funds and private equity funds deploy and manage hosted IT solutions. Our objective is to provide investment managers and technology executives with solutions to improve their IT service experience. Abacus has developed a scalable, redundant and highly available IT platform to allow investment managers to run all of their technology as a service. The days of purchasing new hardware every few years are over. Abacus manages mirrored data centers throughout the US and provides cost effective and efficient solutions. Firms connect to their IT applications and data through high speed circuits with minimal onsite equipment.
For more information, please visit http://abacusgroupllc.com/.