Top-ranked Financial Fund Administrator HedgeServ Deploys SolidFire to Drive the Growth and Innovation of its Global SaaS Solution

Integrated with its OpenStack and VMware environments, SolidFire's all-flash platform delivers scalable storage to keep pace with HedgeServ's business growth and expanded offerings

BOULDER, Colo. and AUSTIN, Texas - April 27, 2016 - [OpenStack Austin, Booth #A38] - SolidFire, the #1 Solid-State Array, now part of NetApp (NASDAQ: NTAP), today announced that the top-ranked fund administration SaaS pioneer, HedgeServ, has chosen SolidFire's all-flash scale-out storage for its real-time technology platform that enables asset managers to grow their portfolios, compete in the dynamic investment management market, and ultimately, meet client-specific investment goals. HedgeServ has deployed SolidFire for both its production and test/dev environments to support all alternative investment strategies and fund structures, as well as continuously develop and deploy customized client applications.

HedgeServ is a global, independent fund administrator with uniquely client-centric service and the industrys only real-time technology platform. With 1,000 professionals across ten offices servicing over $300 billion of assets for more than 195 clients, HedgeServ's SaaS offerings must be available 24/7 globally for its geographically dispersed customers that interact with financial markets across time zones. As word of HedgeServ's standout services spread throughout the investment industry, the company has expanded organically along with its user base and also by taking market share away from competitors. That, in turn, drove a need for scalability-for a storage solution that could support rapid business growth.

SolidFire transforms storage from a significant cost and management burden at HedgeServ into an innovation enabler, said Isa Berisha, Director of Global Platform Engineering at HedgeServ. HedgeServ is taking advantage of SolidFire to unleash its business and IT agility, and to create pioneering new client services-our advantage for staying profitable and competitive.

HedgeServ selected SolidFire to run its VMware integrated OpenStack inside its automated DevOps environment. SolidFire's API enables HedgeServ to leverage Chef and PowerShell to automate the QA process and create easily repeatable workflows in its application stack to apply fine-grain permissions and to automate and provision 300 ESX hosts. With SolidFire, HedgeServ has scaled both capacity and performance incrementally as its DevOps environment has more than doubled in the last year, while leveraging SolidFire's guaranteed Quality of Service (QoS) to deliver predictable performance to every client workload.

HedgeServ runs both its test/dev and 95 percent of its production workloads on SolidFire. Where before it took 30 minutes to an hour to deploy a Virtual Machine (VM), with SolidFire, it takes less than a few minutes. HedgeServ's Quality Assurance (QA) process used to take 18 hours; now it's down to less than two hours. With the HedgeServ development community moving toward both continuous integration and Agile development, SolidFire brings scalability and high performance to backend resources, including databases. Accelerating QA processes means they can be run more often, for faster and better releases.

SolidFire provides a scale-out all-flash storage platform designed to deliver guaranteed performance to thousands of application workloads side-by-side, allowing consolidation under a single platform. The SolidFire system can be combined over a 10Gb Ethernet network or 8/16Gb Fibre Channel clients in clusters ranging from four to 100 nodes. It ensures performance with fine-grain Quality of Service (QoS), performance virtualization, and the ability to adjust resources on the fly.

Read the complete case study to learn more about how SolidFire enabled HedgeServ to unleash its business and IT agility. To find out how SolidFire is enabling other customers' transition to next-generation, OpenStack-based data centers, download a case study about FICO, a global analytics software company best known for the FICO Score, the credit score lending institutions use for risk assessment.

About HedgeServ

HedgeServ is a global, independent fund administrator with uniquely client-centric service and the industrys only real-time technology platform. The HedgeServ model enables T 0 oversight for managers, while delivering fully customized reporting and workflows without sacrificing institutional-quality controls. Headquartered in New York City and Dublin, HedgeServ services more than $300 billion of assets under administration, across over 195 client relationships, with 1,000 professionals across our ten offices. For more information, please visit www.HedgeServ.com or email: info@hedgeserv.com.

About SolidFire

SolidFire, now part of NetApp, Inc. (NASDAQ: NTAP), is the market leader in all-flash storage systems built for the Next Generation Data Center. Leveraging SolidFire's all-flash architecture, with volume-level Quality of Service (QoS) controls, customers now can guarantee storage performance to thousands of applications within a shared infrastructure. Coupling this functionality with in-line data reduction techniques and system-wide automation results in substantial capital and operating cost savings relative to traditional disk and basic all-flash storage systems.

About NetApp

Leading organizations worldwide count on NetApp for software, systems and services to manage and store their data. Customers value our teamwork, expertise and passion for helping them succeed now and into the future. To learn more, visit www.netapp.com.

NetApp and the NetApp logo are trademarks of NetApp, Inc. All other marks are the property of their respective owners. Use of the word partner or partnership does not imply a legal partnership between NetApp and any other company.

Our Story

NetApp

LINK:	http://www.netapp.com/us/company/news/press-releases/news-rel-20160427...
	See more stories from netapp

Most recent headlines