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The cooperation extends to offering IT and DR services as well as Middle and Back Office operations for UAE's Emerging Financial Markets.
Dubai, United Arab Emirates: eHosting DataFort (eHDF), the region's leading managed hosting and cloud infrastructure services provider, today announced its partnership with IL&FS Securities Services Ltd (ISSL), one of India's leading Securities Services firms, to provide innovative Managed Services covering IT infrastructure, Remote Disaster Recovery and back office operations support for financial brokerage firms operating within UAE's financial exchanges. This partnership will allow users to choose from a wide range of solutions including primary IT infrastructure hosting, disaster recovery services and back office solutions.
An MoU was signed by Mr. Yasser Zeineldin, CEO, eHosting DataFort and Anil Somaiya, CTO, ISSL at an event that was also attended by senior member representatives of Dubai Financial Market (DFM), Dubai Gold and Commodities Exchange (DGCX), Abu Dhabi Exchange (ADX), as well as members of leading UAE financial brokerage firms.
"The UAE is a regional financial and trading hub where financial brokerages operate with critical client information that needs to be secure and always available. It is important for their clients to be able to stay connected to financial exchanges for their everyday transactions. This prompted us to develop a unique solution for disaster recovery and business continuity for the financial markets. We are extremely pleased to be working with ISSL to provide value added services to meet the unique requirements for this vertical," said, Yasser Zeineldin, CEO, eHosting DataFort.
The highlight of the event held today was eHDF's presentation of a unique DR solution, followed by a demonstration of the first such solution implemented for JRG International Brokerage DMCC in the UAE. The solution allows UAE's brokerage firms to host their trading platform on a secure hosted private cloud platform with a primary in-country DR failover site in eHDF's data centres in Dubai as well as secondary DR failover site. A remote DR hosting services is also available as an option, in addition to back and middle office operations support which would be provided by ISSL.
"We are very pleased at starting this relationship with eHosting DataFort. We believe that the managed services solution, as a combination of IT infrastructure and back office services, is value accretive and would lead to ease in business for brokerage firms," added Anil Somaiya, CTO, ISSL
"We have enabled this solution in partnership with eHDF and ISSL, after considering upcoming industry requirements within UAE. The hosting & DR coupled with Service Desks are in compliance with regulatory norms, provide companies with enhanced IT Security and operating efficiencies. The solution enables new entrants to outsource IT infrastructure to secure environments, outsource back office operations and set up businesses with ease within UAE regulated exchange environments. Brokers will be able to focus on their core functions" said Mr Sajith Kumar PK, Director & CEO, IBMC Financial Professionals Group
eHosting DataFort has established itself as a market leader in the field of managed hosting and cloud infrastructure services. The company has been recognised year-on-year as the 'Best Managed Service Provider of the Year' across the Middle East.
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About eHosting DataFort
Established in 2001, eHosting DataFort is a part of the MIDIS Group and one of the pioneers in Data Centre, Managed Hosting and Cloud Infrastructure Services in the Gulf region. The company owns and operates multiple Tier 3 data centres in Dubai, which offer a secure, robust and reliable infrastructure, 24/7 support and credit-based SLAs. eHDF has obtained ISO 9001/ 20000 / 22301/ 27001 and ITIL certifications and has been recognized for the last seven years as the 'Best Managed Services Provider' across the Middle East region.
Website: www.ehdf.com, Email: info@ehdf.com Phone: +971 4 391 3040; Fax: +971 4 391 3050
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About IL&FS Securities Services, (ISSL)
ISSL is one of the largest Securities Services firms of India and one of the largest Clearing Member of Exchange Traded Derivatives across various asset classes on Indian Exchanges. Its other offerings include Depository, Custody, Fund Services, IT managed services and lending solutions. The offshore offerings include Research Support, Fund Services and Middle & Back office solutions through a wholly owned subsidiary, iMarkServ
Website: www.issl.co.in
About IBMC
IBMC are financial services industry professionals acting as strategic advisors to various stakeholders and customers on this particular project.
For more information, please contact:
Nirmala D'souza
OAK Consulting FZ LLC
Email: nimi@oakconsulting.biz
(M): +971 50 734 3840
Press Release 2015
