Cloud Approach to DR Yields Major Cost Savings and Enables SAS 70 Compliance

Dublin, Ireland – June 21, 2013 — / — Savenet Solutions, a leading Dublin based cloud storage and DR company, has recently completed a highly innovative disaster recovery solution for Trinity Fund Administration. Trinity is a global asset management service company, providing middle and back office services to a wide range of investment funds.

Due to the global nature of Trinity’s business and the highly critical, sensitive financial data that they are handling, the IT environment needs to be extremely resilient to any kind of disaster as well as being totally secure. In addition, Trinity have to meet very stringent SAS 70 INTERNATIONAL auditing compliance standards, along with guaranteed access to critical database and file data for up to seven years after it has been active.

The project is valued at €100,000 over three years, took three months to implement and was recently awarded the 2013 ICT Excellence Award for Project of the Year, SME.

Savenet have designed and built a new cloud DR solution that seamlessly integrates with the onsite IT environment. It ensures that Trinity’s mission critical applications are always available to their users and customers, and can withstand any form of disaster; from a locally based minor system interruption or server failure, to a major disaster where their computer room is destroyed.

In the event of a full disaster, where the servers are all out of action due to a catastrophic failure like fire or a flood, the business can roll over to the cloud servers easily and extremely quickly. There is provision for key users to have immediate access to the critical business applications over the internet. All these users have to do is use an existing hyperlink to login securely via an SSL VPN and access a hosted desktop over the web. The users can be based anywhere globally with a broadband connection which is extremely important for the company and its overseas users.

Lorcan Cunningham, Managing Director of Savenet said, “The cloud approach to DR has enabled Trinity to dramatically lower their business risk whilst reducing their capital and operating IT costs. The solution is a service that can easily scale with Trinity’s global business growth, with no increase in IT footprint or management, allowing them to focus on core activities. A critical point to note is that the new DR solution is subject to audited DR tests each year by the company auditors to ensure ongoing compliance.”

John McCann, Managing Director of Trinity said, “Savenet were chosen to design and implement this system as it presented some unique challenges. We are a specialist global boutique hedge fund solutions firm whose clients require critical management information scrubbed, processed, analysed and collated in a variety of bespoke manners on a daily basis, without fail. If that is not forthcoming, not only do we at trinity lose everything; but many of our clients and their investors would too, based on their reliance on the core procedures and processes that they outsource to us.”

“Simply put if we did not have this level of DR capability and the comfort and confidence that comes with it, as provided by Savenet, then these essential daily services and data management processes would not be available to our customers as required, which consequently would not allow them to manage their investment positions, market exposure, and commercial risks and opportunities, which would be fatal for all,” he said.

Editors Notes:-
About Savenet
Savenet Savenet Solutions provides cloud backup, cloud DR, cloud storage, archiving and cloud file sharing services to businesses in all sectors across Europe. Savenet is a pioneer in the field of Cloud Computing services and the associated benefits they can bring to organisations of all sizes. Savenet’s approach differs radically from the industry norm of ‘one size fits all’. It differentiates itself from the competition by focusing on the business priorities of the customer and understanding what their business needs from a cloud solution. Savenet works with the leading industry vendors to build our cloud services; EMC, VMware, Asigra, FalconStor, Dell and Microsoft.

For more information, visit:

About Trinity Fund Administration
Trinity Fund Administration is a global boutique hedge fund solutions company providing middle and back office services to wide range of investment funds and private vehicles operating predominantly in the alternative investment arena. Trinity Fund Administration is a SAS70 certified provider, with offices in Cayman Islands, Dublin, Cyprus, New York and Brazil. Trinity provides a comprehensive range of hedge fund and managed account administration services to investment firms based around the globe, operating fund structures domiciled in several jurisdictions including Ireland, Cyprus, Cayman Islands, Bahamas, Bermuda, BVI, Malta and the Channel Islands.

For more information, visit:

For further information on Savenet contact:
Adrian Kelly
Blue Neptune
Tel: 086 806 5889
Email: akelly[@]

Source: Trinity Fund Administration

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