Welcome!

Blog Feed Post

London & Capital completes transition to implementing an Asigra-based Cloud backup solution in partnership with Oncore IT

February 5, 2014 - Oncore IT, a Cloud and IT managed services provider, today announced that London & Capital, a leading firm of investment advisers and asset managers, has completed its transition to outsource its onsite legacy tape-based[1] data backup function to a cloud-based solution managed by its specialist team of technical experts and dedicated account managers.

To meet Financial Conduct Authority [FCA] policies and recommendations, Oncore IT has provided a cost effective and scalable public Cloud-based solution - using Asigra technology - to maximise the level of data security, improve resilience and enhance London & Capital's backup processes and procedures. Today, all London & Capital enterprise data is backed up to the Cloud in what has been a very successful migration project meeting all projects goals, completed ahead of time, and in budget.

Established in 1986, London & Capital is an independently owned wealth management firm with a global team of 90 staff who have around $3.7 billion[2] of discretionary assets under management. Its advisers and asset managers provide a bespoke and tailored service looking after clients who comprise private individuals, institutional investors, intermediaries and charities from around the world.

The project has centred around risk migration given London & Capital is highly regulated and data is crucial to the functioning of the business. A phased approach has been taken with low risk test data first backed up, and then based on the performance of the Asigra solution, the company is shifting to using it as a total enterprise solution. During this switch over, parallel backup runs were done with both tape and online to ensure a safety net in case of any issues.

Paul Cook, Oncore IT's sales and marketing director, says, "Absolutely no problems were experienced and London & Capital has concluded this 'belt and braces' parallel backup process. Since December 2013, all of its business data is now stored online using the Asigra solution."

Initially 3 TB of online backup was initially taken as part of the Oncore IT delivered service, but this has trebled growing to 9TB within a year, driven by the demands of the FCA to backup and use offsite storage. If London & Capital had not implemented the project, it would have had to treble its internal backup infrastructure which is what it wanted to mitigate against.

Cook says, "The main benefit our clients get from working with us is access to enterprise class Cloud services on-demand. We offer secure services in an OPEX fashion, with commercial contracts that our clients can take advantage of and easily understand."

London & Capital is using its Asigra-based Cloud backup service to store information covering three main areas:

  1. Transactional data from its portfolio and order management systems [trade order management information];
  2. Data from core business applications like its CRM system [where all client records are contained];
  3. All Microsoft Office data including Exchange [email] and standard Word, Excel and PowerPoint files.

A secure 'vault' has been created on Oncore IT's Hitachi Data Systems storage platform with data held in its London datacentre and replicated to its offshore facility in Amsterdam for resilience.

To establish the data updates, just one Asigra monitoring client - a DS Agent - was installed in London & Capital's environment to collect data from its servers. This simplifies rollout and contrasts with other competitive solutions which require agents on each and every server. Asigra's agentless approach was important as London & Capital didn't want to add to or complicate its IT footprint at its London headquarters.

Significant and tangible return on investment benefits have been realised, summarised below:

  • Access to enterprise-class services on-demand hitherto not available to the SMB marketplace [based on Asigra, and Hitachi Data Systems' blade, compute, and storage];
  • 5o% price per gigabit cost savings working with Oncore IT compared to other suppliers;
  • £45K per annum salary cost savings achieved by not having to employ a member of staff to manage the whole backup process. The work overhead has been easily absorbed into London & Capital IT team's general work;
  • £35K per annum saved on physical hardware [servers, additional storage and tapes]
  • 25% time reduction in daily and weekly backup windows;
  • Fast and trouble free deployment. In total, just 12 man-days were spent on the whole project. London & Capital staff spent five days on research, due diligence and supplier selection, two days supporting Oncore IT on the actual implementation, who only required five days themselves to rollout the project. The solution therefore did not have a high time commitment for either side;
  • Excellent automated scheduling in Asigra means that back office [backup] processes do not over run into the working day and impact London & Capital's production IT systems or staff [in contrast to the previous tape-based solution];
  • No increase in backup times even as the amount of data has trebled increasing from 3 to 9 TB in the past year or so. This is the raison d'etre of the Asigra solution as BLI [block-level incremental] processing is used whereby only new and changed blocks of data need to be transmitted. Asigra also utilises compression and global de-duplication to further reduce network traffic and the backup storage capacity actually required;
  • Management reporting exceeded expectations with detailed meta data showing London & Capital what information has been backed up and the history of it;
  • A shift from CAPEX to OPEX in terms of investment in data recovery and backup solutions;
  • Allows London & Capital to 'stick to the knitting' and focus its effort on core business activities - providing excellent financial services - rather than concerning itself with backup processes and having to grow its IT function. Outsourcing to a specialist provider like Oncore IT who has the right skills sets and expertise has achieved this.

Many companies, especially those in financial services industry, are unsure about the Cloud environment and whether they should move infrastructure and applications to it. With so many different responsibilities and challenges especially around data protection and regulatory compliance - for some - it is a difficult choice to change so they stay put rather than challenge the status quo.

London & Capital's chief information officer, Glenn Murphy comments, "In my opinion, to not challenge the status quo is wrong. Our project shows that you can mitigate a three-fold increase in backup data without a three-fold increase in costs. It is all about leveraging the benefits of cloud-based backup, working with the right managed service provider and choosing the right technology solution which in our case was Asigra. That's what we've done and we have achieved great results financially and commercially for the business. A lot of people in other wealth management and banking organisations can leverage this and capitalise on our experience. The challenge for them is just to say 'yes'."

To view a brief film of Glenn Murphy talking about the project, please click on the You Tube link http://www.youtube.com/watch?v=ml6akBngqmg

[1] Based on DLT and LTO technology
[2] As of Sept 31, 2013

- ENDS -

About Oncore IT
Oncore IT is a Cloud Managed Service Provider (CMSP) with vast experience delivering and managing critical IT infrastructure for clients operating from highest standard secure datacentres in London and Amsterdam.

Founded in 2004, Oncore IT has proven experience designing, implementing, and managing Cloud compute environments providing its SME customers access to the level of enterprise class technology typically the preserve of large corporates.

A variety of hosting, co-location and cloud-based managed services are offered to meet clients' specific business needs, all guaranteed by class-leading service level agreements and solutions looked after by professional, dedicated account managers and technical experts. Oncore IT makes infrastructure work because that's what makes businesses work.

For further information, please visit www.oncoreIT.com

Media contact
Tom Herbst
Tom Herbst PR
T:07768 145571
Email: [email protected]

Source: RealWire

Read the original blog entry...

More Stories By RealWire News Distribution

RealWire is a global news release distribution service specialising in the online media. The RealWire approach focuses on delivering relevant content to the receivers of our client's news releases. As we know that it is only through delivering relevance, that influence can ever be achieved.

Latest Stories
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
A look across the tech landscape at the disruptive technologies that are increasing in prominence and speculate as to which will be most impactful for communications – namely, AI and Cloud Computing. In his session at 20th Cloud Expo, Curtis Peterson, VP of Operations at RingCentral, highlighted the current challenges of these transformative technologies and shared strategies for preparing your organization for these changes. This “view from the top” outlined the latest trends and developments i...
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
In 2014, Amazon announced a new form of compute called Lambda. We didn't know it at the time, but this represented a fundamental shift in what we expect from cloud computing. Now, all of the major cloud computing vendors want to take part in this disruptive technology. In his session at 20th Cloud Expo, Doug Vanderweide, an instructor at Linux Academy, discussed why major players like AWS, Microsoft Azure, IBM Bluemix, and Google Cloud Platform are all trying to sidestep VMs and containers wit...
"Loom is applying artificial intelligence and machine learning into the entire log analysis process, from start to finish and at the end you will get a human touch,” explained Sabo Taylor Diab, Vice President, Marketing at Loom Systems, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We are a monitoring company. We work with Salesforce, BBC, and quite a few other big logos. We basically provide monitoring for them, structure for their cloud services and we fit into the DevOps world" explained David Gildeh, Co-founder and CEO of Outlyer, in this SYS-CON.tv interview at DevOps Summit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
In his session at @ThingsExpo, Eric Lachapelle, CEO of the Professional Evaluation and Certification Board (PECB), provided an overview of various initiatives to certify the security of connected devices and future trends in ensuring public trust of IoT. Eric Lachapelle is the Chief Executive Officer of the Professional Evaluation and Certification Board (PECB), an international certification body. His role is to help companies and individuals to achieve professional, accredited and worldwide re...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
@DevOpsSummit at Cloud Expo taking place Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center, Santa Clara, CA, is co-located with the 21st International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is ...
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists examined how DevOps helps to meet the de...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...