Oncore IT has signed a three year contract with London & Capital to provide a public cloud-based backup solution. The aim is to maximise the wealth management firm’s level of data security, improve resilience and enhance its backup processes and procedures.

Oncore IT is supplying 3 TB of online backup on its Asigra-based cloud storage platform, with London & Capital moving away from a legacy tape solution which was managed in-house for core company data.

Glenn Murphy, London & Capital’s head of IT says: “Shifting to a third party to manage our backup and restore systems reduces the management, IT and cost overhead on our business. Expenditure becomes operational rather than capital, and we commit to an established and compliant back up and restoration solution managed by a specialist.”

A specific secure London & Capital ‘vault’ has been created on Oncore IT’s storage platform with data from its core applications loaded into it, such as trade order and portfolio management systems. To establish the data updates, an Asigra monitoring client – a DS Agent – was installed in London & Capital’s environment to collect data from its servers. Data is held in Oncore IT’s London datacentre and replicated to its offshore facility for resilience.

Murphy comments: “Having reviewed various suppliers, we selected Oncore IT and Asigra given the competitive cost of the storage, and the ease of implementation which means the time overhead for deployment has been low. And of course, we can scale the amount of data we store on-demand based on our business needs and any future regulatory requirements.”

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