SOURCE: Meridian

Meridian

December 13, 2010 09:04 ET

Meridian Global Fund Services Moves to Managed Hosting Data Solution

NEW YORK, NY and HAMILTON, BERMUDA--(Marketwire - December 13, 2010) - Meridian Global Fund Services Group, a leading fund administrator, is pleased to announce that it has implemented a managed hosting solution which moves their core IT infrastructure and data into a secure cloud environment.

Meridian has partnered with 6fusion, a leading cloud hosting provider who has developed a consumption-based billing model allowing hosted infrastructure to be billed as a utility through their solution partner network; and Ignition, an international IT managed services provider. 6fusion developed the managed hosting and consumption metering platform for Meridian while Ignition acted as the IT consultant in the set up process and will provide ongoing resources as needed.

"This initiative has significantly improved our scalability as a global fund administrator and has solidified our disaster recovery solution," said Eric Smith, Senior Vice President of Information Technology at Meridian Global Fund Services. "We now have the capacity to manage our data needs and realize value from improved performance, improved reliability and lowered cost."

"We are very excited about the strategic partnership with Meridian Global Fund Services," said Rob Bissett, Vice President, Product Management at 6fusion. "Through 6fusion, Meridian is leveraging a distributed data network that provides access to significant resources and the ability for virtual unlimited scalability and growth. Our utility metered model contributed to Meridian migrating to the cloud." The 6fusion data centre is a state-of-the-art secure facility with SAS 70 Certification.

"We look forward to supporting Meridian's migration in Bermuda with a 24/7 help desk, quality assurance, managed services, and proactive network monitoring," said Michael W. Branco, Senior Vice President, The Ignition Group of Technology Companies. "Meridian has stepped ahead of its competitors by choosing a hosted infrastructure solution and managed IT services allowing them to concentrate on the core competencies of fund administration rather than managing their own day to day IT." Ignition supports 5,000 plus users in 32 countries.

About Meridian Global Fund Services Group

Meridian Global Fund Services Group is a leading fund administrator that provides a full range of hedge fund administration services to both onshore and offshore investment vehicles. Core services consist of Valuation and Accounting, Investor Relations, and the provision of Corporate and Compliance and Registered offices. We have fully operational offices in Bermuda, Cayman Islands, New York, and Halifax. All of our offices are interconnected through common data processing and telecommunications platforms and are supported by our in house team of technology experts located in Massachusetts. For more information visit www.meridianfundservices.com.

About 6fusion

6fusion enables MSPs to build and deliver a multi-tenant pay per use cloud computing offering. Our Workload Allocation Cube (WAC) algorithm radically simplifies the metering and billing of compute resources. Building an IaaS private, public or hybrid cloud business has never been easier using our UC6 platform.

ABOUT IGNITION

Ignition is an off-shore IT services organization with clients in Europe, throughout the Caribbean and North America. Founded in 1998 in Bermuda, Ignition has grown significantly and is one of the leading IT service providers with offices in Bermuda, Halifax, Atlanta and Cayman Islands with representative offices in Curacao, Bahamas, Jamaica and Trinidad. Visit www.ignitionmsp.com for more information.

Contact Information

  • CONTACT:
    Meridian Global Fund Services Group
    Lisa Jane O'Neil
    LJO Associates, Inc.
    Ph. 212.786.7629
    or 917.361.8303
    lisajane@ljoassociates.com