Financial Technology

Financial Technology

January 18, 2013

Moneycorp Virtualizes Foreign Currency Exchange with Adapt

Moneycorp, a U.K. foreign currency exchange company, will be using IT solution and service provider Adapt and its Enterprise Virtual Data Center (eVDC) as part of its IT infrastructure make-over. reports the partnership will see Adapt improving on Moneycorp’s previous production services by significantly increasing both availability and performance, while also increasing the company’s ability to recover from disaster. Adapt’s eVDC provides two simultaneous offsite stores for greater availability.

Although the current project entails a fully managed and outsourced solution, Adapt’s original role was to provide a split-site agreement after a competitive tender process was engaged in by Moneycorp, wherein Adapt where chosen from a number of prospective tenderers. As the two began working closely together, however, and Adapt began to better understand Moneycorp’s needs, the project evolved to fit its current scope.

On the topic of Moneycorp’s expectations for the project, its Head of IT Services, Kenneth Byrne, remarked its aims were two-fold: to reduce the company’s overall IT infrastructure risk by relocating to an offsite and highly secure infrastructure, and “to put in place a first-class infrastructure that would grow and scale to meet the business current and future expansion needs.” Adapts eVDC service, Byrne goes on to say, has already allowed its internal IT teams to switch focuses away “from reactive hardware maintenance to more customer-centric and strategic elements.”

Adapt has also provided Moneycorp with a fully managed and procured WAN infrastructure for its London offices, connecting through diverse carriers, in addition to a computer layer based off Cisco’s (News - Alert) competitive Unified Computing System (UCS) whose CPU and memory have been optimized for best performance.

Sales and Marketing Director for Adapt, Simon Fisk, is excited about the partnership, remarking that while Moneycorp is known for its ability to keep up with the ever-evolving currency exchange market, he is confident the time it spent working with Moneycorp has produced a reliable product, capable of growing alongside the foreign exchange company and meeting all its performance needs.

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Edited by Rachel Ramsey

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