Gravitas Private Cloud to Host Ada Investments Services and Applications
NEW YORK, March 12, 2013 /PRNewswire/ — Gravitas, a co-sourcing platform providing cloud technology, collaborative outsourcing and risk support to the alternative investment industry, today announced that investment manager Ada Investments will migrate its core services and production applications to Gravitas Private Cloud, a secure, scalable and integrated solution built on VCE’s VBlock state-of-the-art virtualization and cloud technology.
“Faced with unprecedented challenges to reduce their overall technology costs and enhance operational efficiency, alternative asset management firms are seeking proven, enterprise-strength technology partners who can provide an array of solutions that will allow them to spend more time on investing and less on managing IT issues,” said Gravitas CEO Jayesh Punater. “The steadily growing demand for application delivery through a hosted cloud platform has created a need for a resilient, secure, highly scalable infrastructure with 24/7 reliability backed by an expert global team. Gravitas is very proud to provide Ada Investments with these institutional-class capabilities as they continue to grow.”
Gravitas Private Cloud employs virtualization and cloud technology formulated by VCE, the Virtual Computing Company, which was formed by Cisco and EMC with investments from VMWare and Intel to develop a truly converged platform for cloud-based computing models. Partnering with Gravitas, new funds can get a jump-start with best-in-breed infrastructure while minimizing up-front costs; established funds can obtain flexible, highly scalable options that can be adjusted based on need. Both emerging and larger firms rely on Gravitas Private Cloud for disaster recovery, application hosting and innovative ways to increase storage and computing capabilities.
“With a product range that spans multiple strategies for global institutional and private clients, Ada Investments must remain flexible and nimble across individual teams while sharing a common operational infrastructure,” said Sachin Shah, Chief Operating Officer and Partner of Ada Investments. “Thanks to the on-demand resources, scalability, security and consistent, predictable cost model available through the Gravitas Private Cloud, Ada Investments is free to focus on innovation and growth.”
HFMWeek named Gravitas as the ‘Best Overall Technology Firm’ in its US Hedge Fund Services Awards in 2012.
Gravitas is a leading co-sourcing(TM) platform providing cloud technology and collaborative outsourcing for investment support and middle office services to the alternative investment industry. Founded in 1996, the company provides hedge funds, private equity funds and other alternative asset managers with unique and flexible co-sourced offerings for systems integration, technical support, risk analytics, software development, investment operations, investment research support and more. From co-sourcing and advisory through implementation, Gravitas designs creative solutions that give clients the operational freedom to invest, innovate, and scale. The company is based in New York with offices in Chicago, Greenwich, Mumbai and Ahmedabad, India. www.gravitas.co