Princeton Financial Systems Announces Availability of New World-Class Data Center To Foster Further Expansion of Hosted Solution Business

12 May 2009

Princeton Financial Systems (PFS), a State Street company and provider of investment accounting, investment compliance, data management and reporting solutions to the global investment industry, announced the immediate availability of its newly built state-of-the-art Data Center. This facility with over 6,000 square feet is located in New Jersey and provides scalable, cost-effective managed hosting services for PFS’ PAM and MIG21 applications for small and medium-sized as well as larger businesses including enterprise accounts in the financial industry.

PFS’ new Data Center features multi-level physical and logical information security in line with the most recent international standards for information security. Advanced power, cooling, storage, backup, redundancy (N+1), disaster recovery and sustainability features ensure that clients’ mission-critical applications are always available while optimizing energy and space efficiencies. A dedicated team of infrastructure and support experts monitors and manages data center operations and services on-site and remotely 24 hours a day, 7 days a week. Internal and external audits are performed regularly to ensure the most efficient and effective controls are in place.

"This state-of-the-art data center is in line with our best-of-breed strategy to provide world-class products and services to global institutional investors. Through the integration of high efficiency systems we are able to significantly reduce energy consumption while also increasing capacity to accommodate future growth. This supports our SaaS strategy as we expand across the globe with our multi-product offerings", says James Russo, Princeton Financial Systems' CEO.

Bill McCloskey, Chief Administrative Officer at Princeton Financial® Systems adds: "PFS has a proven track record when it comes to hosting applications and client data in a secure environment. The protection of our source code and customer data is a critical priority. PFS management ensures that controls remain in place for efficient and effective operation of the data center. Not only can clients of our SaaS solutions benefit from our world-class data center, but so can licensed clients. Our capable and mature infrastructure and support teams have the know-how to support any of our clients in our data center should their business model change."

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