Spring migration for Gottex fund solution 11 May 2012London Reporter: Georgina Lavers
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Gottex Fund Management Holding migrated its Point Nine technology solution off the ‘Cloud’ to in-house servers for its $500 million private equity-style real asset platform.
Gottex Fund Management Holdings is a global provider of alternative investment solutions and advisory services with $7.6 billion in fee-earning assets.
Point Nine Financial Technologies, which delivers its PiBelt Private Equity module on a Software-as-a-Service basis, carried out the move in a day. The SaaS model ensures that responsibility for managing, upgrading, and delivering the software sits with the vendor, reducing the in-house technology resources required.
“Users often confuse ‘SaaS’ and the ‘Cloud’”, said Pavlos Christoforou, partner in charge of technology at Point Nine. “This migration is a prime example of how a client can choose to run our systems on the ‘Cloud’ or in-house but in both cases can enjoy the benefits of a SaaS model.”
“It’s only when you need to make changes and upgrades that clients realise how valuable having a SaaS model can be”, said Ambasuthan Jananayagam, partner in charge of business development at Point Nine. “The alternative is running a small internal IT firm to deal with the inevitable changes the fund will need to address, like migrations, new vendors, new instruments and so on”.
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