Agio | September 16, 2022
Agio, a leading cybersecurity and managed IT provider for financial services firms, published its inaugural 2022 Hedge Fund Managed IT Trends Report today. The survey, conducted earlier this year, captures the opinions and perceptions of recent, current, and future technology management and information security programs, initiatives, and readiness from 100 hedge fund practitioners across the technology, operations, cybersecurity, and compliance fields.
Survey respondents revealed that, coming out of the pandemic, firms are reevaluating their options with respect to in-sourcing versus outsourcing IT management. Looking ahead to the next two years, 89 percent of firms that currently in-source IT management said they are likely to allocate more spend to outsourced services. The driver behind this shift is a need for heightened security (54%), increased access to public cloud management and support expertise (46%), and more responsive end-user support (44%).
89% of firms that in-source IT management today said they plan to allocate more spend to outsourced services.
Of those firms already outsourcing IT management, 91 percent said they are likely to switch providers. Among the largest hedge funds that currently outsource (funds with +$5 billion AUM), nearly two-thirds (64%) reported they were likely to change service providers in the next 24 months because their current vendor is unable to support a public cloud environment.
In discussing how the managed service provider (MSP) model will change in the coming years, respondents predicted providers will employ artificial intelligence to remove service friction and increase service uptime (47%), as well as to enable support agents to be more responsive when issues do arise (47%). Most firms (51%) also predicted that MSPs will soon be measured and compensated by how well they limit break-fix issues versus how many issues they resolve.
"Viewing IT management and security operations through a single lens is essential to our vision of delivering secure, reliable, and resilient information systems, We also agree with survey respondents that MSPs must evolve now or perish. We've made meaningful investments in AI-driven tools that empower our support agents to deliver better client service and improved system availability. That combination of human brilliance and predictive analytics is the future of managed services."
Bart McDonough, CEO and Founder of Agio
Other topics explored in this year's report include how firms are adjusting to the impact of new regulations; what steps firms are taking to ensure system uptime and information security while supporting a distributed workforce; and how the industry is shifting with respect to managing systems on-prem, in the cloud, and across multiple cloud environments.
Agio is a hybrid cybersecurity and managed IT organization equipping the financial services and healthcare industries with next-generation cyber protection and technology support. Agio has extensive experience building, maintaining, optimizing, and securing IT infrastructure for the world's most prestigious client organizations. With more than 300 employees, our culture prioritizes frequent and timely communication to provide unrivaled, highly personalized service across all our solutions, including managed detection and response, 360° cybersecurity programs, virtual CISO (vCISO) support, technology hosting, monitoring, management, global service desk, desktop as a service, disaster prevention, and recovery. Agio is headquartered in New York, NY, with additional offices around the world.
VMware | November 09, 2022
VMware Explore 2022 Europe—For more than two decades, Hewlett Packard Enterprise (NYSE: HPE) and VMware, Inc. (NYSE: VMW) have been at the leading-edge of driving digital transformations, working with more than 200,000 mutual customers. Today at VMware Explore 2022 Europe, the companies announced the next phase of this partnership with HPE GreenLake for VMware, bringing together HPE GreenLake and VMware Cloud to deliver a fully integrated solution with a simple pay-as-you-go hybrid cloud consumption model.
“Today’s announcement with VMware represents the next step in the expanding partner ecosystem of HPE GreenLake, which offers a differentiated edge-to-cloud solution that resonates with customers and partners,” said Antonio Neri, president and chief executive officer, HPE. “Together, HPE and VMware will give organizations greater choice and flexibility with a fully integrated hybrid cloud offering designed to accelerate innovation and data first modernization.”
“Organizations are looking to evolve from a state of cloud chaos where cost and complexity reign, to a more cloud smart approach, VMware Cloud is the trusted platform for enterprise workloads on private and public clouds that gives customers the flexibility and choice to become cloud smart. VMware and HPE will enable customers to combine VMware’s state-of-the-art multi-cloud software with HPE GreenLake’s cloud operating model and consumption economics to support any workload on a modern hybrid cloud.”
Raghu Raghuram, chief executive officer at VMware
Modern Hybrid Cloud Made Fast and Simple
Many organizations today seek the simplicity of a turnkey hybrid cloud that integrates leading software, infrastructure, and services from the vendors of their choice, all delivered from a single strategic partner as a cloud service. This approach accelerates deployment and simplifies operational complexity to enable customers to quickly deploy their hybrid cloud.
HPE GreenLake for VMware will provide customers with a fully integrated and modern hybrid cloud experience. Customers will benefit from a true cloud experience coupled with the benefit of purchasing only the amount of infrastructure they require through a pay-as-you-go cloud consumption model. Customers will also have the flexibility to determine the best environment for operating their hybrid cloud. VMware Cloud can be fully integrated across the HPE GreenLake portfolio including HPE GreenLake for Private Cloud Enterprise and customers will be able to deploy on-premises, in colocation facilities or at the edge, all managed by HPE GreenLake.
The HPE GreenLake edge-to-cloud platform provides customers and partners with a unified experience, and easy access to more than 70 cloud services. Today, HPE GreenLake supports more than 120,000 users, powers more than two million connected devices, and manages more than one exabyte of data with customers worldwide. Among the top 100 HPE customers, nearly 80 percent have already adopted the HPE GreenLake platform. Organizations benefit from one platform from which to automate, orchestrate, and run their hybrid cloud strategy.
VMware Cloud delivers a modern multi-cloud infrastructure on any cloud, with built-in Kubernetes, integrated security and the best possible TCO. VMware Cloud makes modern application development and deployment faster, easier, and less expensive by making Kubernetes part of the core infrastructure platform. VMware Cloud is more secure by design, enabling micro-segmentation to stop modern lateral threats that move within and across cloud and data center environments. HPE GreenLake customers will be able to extend VMware Cloud environments to a variety of colocation and edge environments, bringing cloud capacity to the places where distributed applications need it most.
Hybrid Cloud Delivered by Trusted Leaders in Enterprise Innovation
With a history of co-engineered solutions, customers can be confident deploying an enterprise hybrid cloud designed, managed, and supported by HPE and VMware. HPE and VMware share the industry’s largest virtualized server footprint, and collectively have more than 100,000+ global partners and 25,000+ solution experts. As joint collaboration partners within the expanding HPE GreenLake ecosystem, HPE and VMware will continue to accelerate the pace of co-innovation, such as industry-first support for VMware vSphere on DPUs.
HPE GreenLake for VMware is expected to be available in the first half of calendar year 2023.
About Hewlett Packard Enterprise
Hewlett Packard Enterprise is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, everywhere. Built on decades of reimagining the future and innovating to advance the way people live and work, HPE delivers unique, open, and intelligent technology solutions as a service. With offerings spanning Cloud Services, Compute, High Performance Computing & AI, Intelligent Edge, Software, and Storage, HPE provides a consistent experience across all clouds and edges, helping customers develop new business models, engage in new ways, and increase operational performance. For more information, visit: www.hpe.com.
VMware is a leading provider of multi-cloud services for all apps, enabling digital innovation with enterprise control. As a trusted foundation to accelerate innovation, VMware software gives businesses the flexibility and choice they need to build the future. Headquartered in Palo Alto, California, VMware is committed to building a better future through the company’s 2030 Agenda.
VIRTUAL SERVER MANAGEMENT
Quest | October 07, 2022
Quest Software, a global systems management, data protection and security software provider, today announced enhancements to NetVault® Plus – a cloud-ready enterprise data protection solution that enables protection and recovery of all systems, applications and data across a complex IT environment. NetVault Plus 13.1 users can now gain instant restore of systems, applications and data, reduce the risk of data loss through continuous data protection and significantly lower backup storage costs using deduplicated storage, both on-premises and in the cloud.
The shift from the traditional office to a more hybrid workplace has upped the ante when it comes to data protection and backup and recovery efforts. A recent trends report found that 67% of organizations now use cloud services as part of their data protection strategies, and 42% of IT leaders consider hybrid‑cloud workload protection the most important aspect of enterprise backup. In the same report, 20% of IT implementers say improving recovery point objectives (RPO) and recovery time objectives (RTO) will drive changing their backup solution in 2022.
NetVault Plus 13.1 provides a new continuous data protection workflow. Featuring incremental forever backups and synthetic full creation at the storage layer. Users can also leverage the new workflow with VMware virtual machines and their Microsoft 365 data including Exchange Online, SharePoint Online, Teams, OneDrive and Azure Active Directory. This enhancement allows users to run backups more frequently to reduce the risk of data loss and damage and address demanding RPOs.
This innovative protection technology also enables NetVault Plus 13.1 to offer instant restoration for VMware virtual environments. It allows users to either instantly recover a virtual machine back to production or simply boot for testing, from any incremental point directly from immutable deduplicated storage. This reduces costs by decreasing time to recovery and removing the need for special hardware appliances, non-deduplicated landing zones or staging areas.
“As market demands and challenges grow, Quest’s award-winning NetVault Plus data protection solution continues to advance to help organizations meet demanding RTO and RPO parameters and attain their business continuity and disaster recovery goals, With its broad system, application, virtualization and cloud support, NetVault Plus 13.1 delivers a powerful yet easy to use data protection solution that is used globally to protect data centers, remote office and cloud resources.”
Heath Thompson, President and GM, ISM at Quest
NetVault Plus 13.1 adds:
Continuous data protection and instant of VMware virtual machines.
Continuous data protection for Microsoft Office 365 data to deduplicated immutable storage.
Instant restore of VMware virtual machines direct from deduplicated, immutable storage.
Backup direct to object storage provides simplified SaaS application protection leveraging native cloud storage.
Immutable backup storage helps organizations protect business-critical systems, applications and data, reducing risks of successful ransomware or cyber-attack.
Enterprise class data protection for hybrid, cloud environments ensuring business resilience through disaster recovery readiness.
NetVault Plus 13.1 also provides the ability to backup directly to S3 compatible object storage in public cloud, private cloud and on-premises object storage arrays, allowing adoption of cloud workflows and simple storage mechanisms.
About Quest Software
Quest creates software solutions that make the benefits of new technology real in an increasingly complex IT landscape. Quest helps customers solve their next IT challenge, from maximizing the value of their data to Active Directory and Office 365 management, and cybersecurity resilience. Around the globe, more than 130,000 companies and 95% of the Fortune 500 count on Quest to become data empowered, deliver proactive management and monitoring for the next enterprise initiative, find the next solution for complex Microsoft challenges, and stay ahead of the next threat. Quest Software. Where next meets now.