Neverfail And Richard Fleischman Associates Deliver Remote Disaster Recovery To More Than 150 Financial Firms
Financial firms succeed and fail based on the timing of the markets, and downtime can cost millions of dollars. To eliminate this risk, business continuity software provider Neverfail and Richard Fleischman Associates (RFA), a provider of outsourced technology and IT services, have teamed up to deliver remote disaster recovery and continuous availability services to more than 150 fund managers.
RFA provides turn-key IT and telecom solutions for fund managers worldwide, with a focus on increased operational efficiency with less risk. Neverfail provides RFA with disaster recovery and business continuity solutions for its clients' e-mail, database servers and file servers. These are lifeline business applications, particularly in a volatile economic climate where markets can gain or lose hundreds of points on any given day and where downtime costs millions. RFA supports these funds through its virtualized data center that provides disaster recovery and business continuity services, both on-site and remotely, year-round and around the clock. This unique model essentially uses "cloud-like" services to provide disaster recovery to RFA's data center, removing the necessity for RFA clients to operate dedicated off-site back-up facilities.
"Moving critical services like disaster recovery into the ‘cloud' offers enormous cost and technology benefits," said James Baker, research manager, Storage Software at IDC Corporation. "Models such as the one being implemented by RFA and Neverfail offer broad accessibility to IT services and lower the barriers to entry by eliminating the need for, and expenses of, dedicated remote disaster recovery sites. Importantly, this model also leverages the knowledge and experience of both disaster recovery/ continuous availability experts as well as line of business professionals."
The combination of Neverfail software with RFA's expertise and world-class data center offers a unique use of cloud computing to deliver a cost-effective, fail-proof solution for companies that cannot build their own and those that cannot afford to have downtime. A successful disaster recovery and high availability solution is invisible to users, providing seamless, uninterrupted access to critical systems even if there is a disruption, which could happen from simple maintenance. Neverfail and RFA eliminate the need for in-house solutions while delivering an immediate benefit and ensuring that hedge funds can focus on delivering returns for investors.
"For funds, investor pressure for built-in redundancy and disaster recovery is mounting," said Richard Fleischman, president of RFA. "More and more, we are seeing investors require hedge funds to have disaster recovery plans in place as part of their due diligence efforts prior to investing. A disaster recovery plan is no longer viewed as ‘just in case' for funds – it's a necessity rooted in serious dollars."
"Delivering disaster recovery through the cloud is extremely cost-effective, with built-in fail-proof facilities. Amidst increased scrutiny from the government and investors, financial services firms are striving to be more productive with fewer resources amid new competition from consolidation," said Andrew Barnes, senior vice president of corporate development for Neverfail. "Disaster recovery is paramount in weathering the storm and maintaining financial returns. We've seen countless successes from our partnership with RFA, and see lots of potential to expand down the road."
About Richard Fleischman & Associates (RFA)
Established in 1990 and headquartered in New York, NY, Richard Fleischman & Associates is a trusted technology advisor to over 400+ hedge funds, private equity funds and fund of funds globally, offering both turnkey IT solutions and on-site and remote monitoring staffed 24/7/365. As a full-service technology-outsourcing provider, RFA delivers expert service by its team of more than 140 expert IT consultants. RFA maintains a world-class data center in Purchase, NY, providing fully equipped office and trading desk space, disaster recovery and business continuity services. For more information, visit www.rfa.com.
Neverfail is a leading global software company providing continuous availability and disaster recovery for critical Windows-based applications in physical, virtual or mixed environments. Continuous availability blends high availability, disaster recovery and data protection software with best practice monitoring and automation. Neverfail's predictive approach protects businesses during both IT outages and planned maintenance. Regardless of the type of problem, from a single component failure to a full site disaster, critical business applications remain constantly available to information workers. With Neverfail, users remain continuously connected to applications such as Microsoft Exchange, SQL Server, File Server, IIS, SharePoint, VMware VirtualCenter, RIM BlackBerry Enterprise Server and IBMLotus Domino. For more information visit www.neverfailgroup.com.
SOURCE: Neverfail & RFA