The hedge fund will be supported by compliant, cloud-based outsourced IT services from Lanware.
Lanware has announced that the firm has been awarded a three year contract to provide its cloud based technology outsourcing services to Finisterre Capital LLP, a hedge fund and part of Principal Global Investors (PGI) who took a majority stake in Finisterre Capital in 2011.
Lanware were awarded the contract with Finisterre following rigorous and competitive due diligence process. This included extensive proof of concept testing of Lanware’s private cloud platform in conjunction with Finisterre’s new trading and portfolio management systems, before securing the business from Finisterre’s incumbent provider.
Lanware’s suite of services will transform Finisterre’s entire technology platform and package the desktop, data and applications into a secure virtual desktop service delivered on demand from the Lanware private cloud. Lanware will deliver a full range of compliant outsourced IT services to meet Finisterre’s technology needs.
David Hill, Chief Financial Officer for Finisterre Capital, said: “Following a strategic review of its technology, with an expanding business, new systems and an office move on the horizon, now was the perfect time for Finisterre to consider a new approach. We were looking for an IT partner that could meet all our needs and were very impressed by Lanware, who have sound credentials in the Financial Services market.”
Henry Duncombe, Managing Director of Lanware added: “Lanware has been providing IT outsourcing services to another PGI investment boutique for over 10 years and in 2014 we were awarded the status of preferred technology outsourcing partner across the PGI group. In response Lanware designed a secure private cloud platform which would specifically meet their collective needs, and we are delighted to be working with Finisterre and looking forward to another longer term partnership.”