Gravitas Technology, Inc., a leading IT services firm specializing in consulting services, software development and systems integration within the alternative investment community, today announced the completion of a technology audit and disaster recovery implementation for Lyster Watson & Company, a hedge fund advisory firm.
Gravitas provided Lyster Watson, established in 1992 with approximately $2 billion in assets under management, with a technology assessment and disaster recovery plan for their office in mid-town Manhattan. This solution was specifically tailored for Lyster Watson, keeping them within industry best practice standards for their size, and giving them the opportunity for additional future scalability as their business grows.
“The Gravitas approach to Lyster Watson’s technology brought to the forefront their years of experience in the industry. The solution presented was tailored to our specific needs, and will allow us to scale our business without having to worry about our infrastructure, which is now above industry standard,” said Steven Swain, COO of Lyster Watson. “We are confident that we will always be able to access our critical files. This additional piece of mind is not only essential for our business, but is also incredibly important to our investors.”
After a preliminary technology assessment audit of Lyster Watson’s infrastructure, Gravitas determined that due to the recent increase in the size of the firm, they had outgrown their existing network. Gravitas proposed and implemented a more enterprise level network to help alleviate the business needs for a more reliable, robust network.
Once completed, Gravitas implemented a disaster recovery plan, incorporating the replication of servers containing business critical applications used in their newly upgraded production environment to a remote disaster recovery facility in California. The implementation included mirroring of Lyster Watson’s applications in “real-time”, that will allow each user the ability to connect remotely to the DR facility, should an unforeseen incident occur that keeps them from accessing their data at the production site.
“Investors need to be assured that there will be no downtime in critical business and investment functions,” said Jayesh Punater, CEO of Gravitas Technology. “As funds get larger and more institutionalized, more robust disaster recovery set-up combined with good business continuity planning are must have checklist items for investors when conducting their operational due diligence on a fund manager,” said Mr. Punater.