Gen-i and CNS Treasury, the treasury management software development company, have signed a contract that builds on their existing relationship to include Gen-i’s cloud compute and storage product, ReadyCloud Server.
The deal provides CNS Treasury with a flexible and secure hosted ICT environment that will support the company’s growth by enabling it to seamlessly deliver its treasury management software and services to overseas markets.
Hils Hunt, CNS Treasury CEO, says that its web-based risk management solution, CNS Treasury, needed to be easily available to overseas customers wanting to hedge foreign exchange, commodities and interest rate risks.
“By offering the solution to overseas clients as a monthly subscriber service hosted on Gen-i’s ReadyCloud Server, we can sell it anywhere around the world.
“With a low set-up cost, we have freed up capital to reinvest into the business and we can also focus on signing up new clients without having to worry about how we will deliver our products and services.
“Gen-i has delivered us a solution that has met our needs now and will carry us into the future,” he said.
Being able to ramp up computing capacity to meet the peaks and troughs generated by its clients’ use of the treasury software and easily test new applications was also important to the business.
“Using ReadyCloud Server we have also increased efficiency by being able to roll out product upgrades to our clients, seamlessly, without having to be on site to upload software enhancements,” he said.
Gen-i’s ReadyCloud Server provides highly managed and reliable computing as a service and is part of its ReadyCloud suite of offerings. ReadyCloud Server is hosted locally in Gen-i’s Tier 3 carrier-grade data centres. The data centres feature highly seismic-rated buildings, a highly resilient infrastructure design, environmental monitoring and physical security, and Gen-i’s services include 24x7x365 management processes.
All of Gen-i’s data centres are locally based and have a proven availability of 99.998 per cent which, Hunt says, is of great importance to the company and its clients.
“We wanted our servers housed independently in a world class data centre as this is particularly important for our clients based in the US that have strict security standards and require proof we are meeting these requirements.
“Gen-i’s data centres use leading edge equipment and provide the latest industry solutions, giving us peace-of-mind and our clients access to highly managed, secure and resilient computing,” adds Hunt.
According to Hunt, CNS Treasury along with sister company Tuatara Management Limited have enjoyed a long and successful relationship with strategic ICT partner Gen-i.
“Gen-i has worked with us to ensure we make the most out of our existing investments and we have worked closely together to achieve a great result that will help us achieve growth,” he said.
Chris Quin, Gen-i Australasia CEO, says that it’s great to see innovative kiwi companies tapping into Gen-i’s ICT expertise to take their products and services to the world market.
“The biggest opportunity for New Zealand to grow its GDP is by exporting our unique kiwi expertise – our intellectual property – to the rest of the world.
“Our cloud offerings give any organisation easy access to high-end ICT solutions. That provides a fantastic opportunity for companies such as CNS Treasury to look at new ways to grow their business and share their expertise with the rest of the world.”
Gen-i also provides CNS Treasury and Tuatara with its telecommunications services, including fixed voice, mobile voice and data and Gen-i’s managed data networking service, Gen-i WAN Services (GWS).