Hedge fund manager in £3.5m IT deal with Savvis

Augustus Asset Managers is outsourcing its core infrastructure in a £3.5m four-year deal with Savvis.

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The financial services company specialises in hedge funds and manages over $9bn in assets. Under the terms of the deal, Savvis will provide Augustus with resilient trading systems used by its 17 investment professionals.

The deal will also focus on business continuity measures to ensure these trading systems remain up and running.

The Savvis offering includes mirrored dual data centres and an off-site business continuity site, which Augustus employees can work from or access remotely. Savvis will also provide a managed network, consultancy and security services. The company will host all of Augustus' business applications, including trading, customer services, email, order management and finance.

Augustus information systems manager Sonal Amin said in a statement: "Now my IT team can focus on keeping the applications running and the business growing, as opposed to keeping the infrastructure oiled."