Source: Equinix
Equinix, Inc. (Nasdaq: EQIX), a provider of global data centre services, and Paladyne Systems, Inc., a leading solutions provider to the global hedge fund industry, today announced the deployment of Paladyne's technology platform into Equinix's LD4 International Business Exchange™ (IBX®) data centre, London. Building on its solid footprint in the US with Equinix, Paladyne is extending its Paladyne ASP™ (Application Service Provider) offering into the London metro region to better serve a growing European client base. The recent deployment represents Paladyne's expansion into a third key metro area leveraging Equinix data centre services.
Paladyne provides a hosted ASP technology platform capable of supporting the front-, middle- and back-office requirements of the global hedge fund community. The Paladyne ASP solution offers a fully managed IT service, 24x7 technical and product support, hardware, product upgrades and quality assurance, mirrored ("hot site") disaster recovery, all at a low total cost of ownership. Paladyne offers its hedge fund technology platform to the business ecosystem of financial companies operating at Equinix data centres throughout the world.
"Our clients rely on the Paladyne ASP offering to run their mission-critical business applications, making it imperative for us to select the right data center operator to support our global client base," said Christian Robertson, COO of Paladyne Systems. "We are confident that we can continue to support our rapidly-growing business by leveraging Equinix's global services delivery platform that spans the globe."
Paladyne also will have immediate access to the ecosystem of financial trading companies operating at Equinix, including execution venues, buy- and sell-side firms, market data providers, technology providers and financial networks, that locate operations within Equinix data centres in order to benefit from a high-performance, low latency connectivity infrastructure.
"We are delighted to work with one of the leading hedge fund solutions providers in the marketplace," said John Knuff, General Manager of Equinix Financial Services. "We are pleased to enable Paladyne to be 'across the aisle' from some of the top exchanges that reside within our Financial Services community, providing them the ability to optimise the performance of their ASP solution."