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Banking, Finance & Investment: youDevise Expands Agreement with The Bunker for “Ultra Secure” Web Hosting for Sell and Buy Side Fir
 

youDevise Expands Agreement with The Bunker for “Ultra Secure” Web Hosting for Sell and Buy Side Fir


youDevise Limited of London and The Bunker Secure Hosting Limited of Kent today announced an expansion and extension of youDevise’s agreement with The Bunker to provide ultra secure, 24/7 database and web hosting services for youDevise’ Trade Idea Monitor (the TIM) and its Hedge Fund Information Provider (the HIP).


[UKPRwire, Thu Jun 28 2007] youDevise Limited of London and The Bunker Secure Hosting Limited of Kent today announced an expansion and extension of youDevise’s agreement with The Bunker to provide ultra secure, 24/7 database and web hosting services for youDevise’ Trade Idea Monitor (the TIM) and its Hedge Fund Information Provider (the HIP).

Since the launch of the TIM in 2005 and the HIP in 2006, in excess of 4,000 active users globally, at more than 150 institutional brokerage, proprietary trading desks, hedge funds, traditional asset managers and funds of hedge funds, including some of the industry’s largest firms, use these applications throughout the day to improve their performance.

“Our clients who have visited The Bunker, which is housed in a nuclear hardened former Ministry of Defence facility outside of London, have been impressed uniformly with the state of the art security that it provides,” said Colin Berthoud, Managing Director, of youDevise.

“We handle highly sensitive positions and trading recommendations on behalf of clients which are accessible over the Internet, so each investment bank or asset manager has to be confident that The Bunker meets their security demands,” Mr. Berthoud said. “Five clients have commissioned full security audits, including penetration tests, and The Bunker has always passed with flying colours.”

Peregrine Newton, Chief Executive of The Bunker, expressed appreciation that youDevise extended the agreement another two years and tripled the number of servers. The new servers provide replicated databases for low latency access to the TIM or the HIP at any time, and ready to go “hot” off-site, back up servers.

Mr. Newton explained, “We provide fast, uninterrupted and ultra secure service that is critical to youDevise clients, such as institutional brokers, who rely on the TIM for generating higher commissions; prop trading desks, hedge funds and other asset managers, who use the TIM to increase trading returns; and fund of hedge funds, who count on the HIP for highly accurate position information.”

youDevise and The Bunker used Open Source software to design the resilient, secure network and system architecture, which includes MySQL database servers; load balanced application and web servers running Apache Webserver, Apache Tomcat, Gentoo Linux OS, and mirrored Open Source Firewalls; an intrusion detection server and a monitoring server.


About The Bunker
The Bunker Secure Hosting Ltd. (www.thebunker.net) provides Ultra Secure Data Centres and Managed Services on a range of technologies from Open Source to Microsoft and including network Management. Our team comprises of security and cryptography experts renowned for their work on Apache-SSL and Bluesnarfing.
Our technical leaders are recognised experts in security and we use Open Source software where appropriate, as we believe it offers great benefits in security, stability and cost effectiveness. Our Data Centres are outside the M25 yet within easy reach of London.
Our facilities are ex-military Nuclear Bunkers purposely built to house the UK's air defence systems. We run 24/7/365 and our NOC monitors systems both nationally and internationally and is staffed around the clock by system and network engineers and security staff. Through our in-house networks team and via close working relationships with a number of carefully selected network providers, we deliver a multi-homed, no single point of failure transit network between all our sites and the Internet.
The Bunker works with over 75 clients, large and small. Our clients are financial services organisations, technology companies, local government and other regulated businesses that value our Ultra Secure, high availability offering.

About youDevise Limited
youDevise Limited (www.youDevise.com), based in London, provides web-based portfolio workstations for financial markets. The company’s leading on-demand applications include the Trade Idea Monitor (the TIM), for the high-speed communication of equity trade ideas and portfolio ideas between institutional brokers and their money manager and hedge fund clients, and the Hedge Fund Information Provider (the HIP), the first commercially available portfolio management system for funds of hedge funds.

Contacts
Jeff McKenzie (Jeff.Mckenzie@anreder.com) or Michael Shallo (Michael.Shallo@anreder.com), Public Relations, Anreder & Company, +1-212-532-3232; Colin Berthoud (Colin.Berthoud@youdevise.com), youDevise Limited, London, + 44 (20) 7826-4302; or Peregrine Newton (Peregrine.Newton@thebunker.net), The Bunker, +44 (0) 870 242 7748








Company: The Bunker Secure Hosting Ltd
Contact Name: Peregrine Newton
Contact Email: peregrine.newton@thebunker.net
Contact Phone: 0870 242 7748
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