07/12/2011 Author: Will Wainewright

Eze Castle expands as Asia demand grows

Eze Castle Integration, the technology provider, is to move senior staff to its new Hong Kong office in the new year following increased demand from new and existing clients in Asia, particularly for cloud computing.

Managing director Vinod Paul told HFMWeek that Asia was a key focus area for the company, which has taken on 124 new clients globally and which opened an office in Hong Kong in the last year.

Senior management will start working there in January or February next year. Paul added that cloud computing had proven popular among start-up firms, with nearly all of the 44 launches Eze Castle has worked with this year adopting the technology.

Of Eze Castle’s new business, 80%  is cloud-related, making it a key growth driver for the company.  

“In our experience, cloud technology is being heavily embraced by start-up hedge funds at the moment, who are attracted by the cost-effectiveness and ease of installation,” said Paul.

Larger funds among the firm’s existing clients have also made the switch to cloud computing, with five funds worth more than $5bn in assets moving over in the last three months, and many making use of disaster recovery technology, which is relatively easy to install.