HedgeStart Partners, the London-based alternative investment consulting firm, has partnered with Commensus to provide IT outsourcing and cloud-based services to HedgeStart’s clients.
HedgeStart provides consulting and other outsourced services to both new and established investment businesses, including hedge funds, fund managers, advisors and institutional investors.
London-based Commensus provides managed cloud, business continuity and IT outsourcing services to investment managers and other businesses.
Under the terms of the agreement, the provision of outsourced IT consulting services to HedgeStart’s client base will be transferred to Commensus along with delivery of both infrastructure and user support for HedgeStart’s own business. As part of the arrangements HedgeStart’s client-facing IT team (including partner Andy Cleaver) will transfer to Commensus and HedgeStart will migrate its own IT infrastructure onto the Commensus cloud platform. Commensus will provide continuity of service to all of HedgeStart’s clients, irrespective of whether they operate with in-house or cloud infrastructures.
“The present and future development of cloud-based technology for the delivery of IT services looks secure for a very good reason,” says Matthew Wilson (pictured), managing partner at HedgeStart. “Cloud solutions enable cost-effective delivery of enterprise grade, highly resilient and secure IT services. Such IT platform services deliver an institutional-standard environment which would otherwise be beyond the reach of most mid-sized businesses and are very attractive to alternative investment firms.”
With the transfer of personnel to Commensus, all client knowledge will be preserved and Cleaver will retain overall responsibility for client relationship management for HedgeStart’s clients.
“Having built the IT practice within HedgeStart over the last ten years, I am confident that this is the right development for our clients. I am therefore very pleased to be taking our IT business into Commensus, which has a robust service delivery model for in-house clients as well as a pre-eminent cloud-based platform. In fact we believe in the platform so strongly that HedgeStart will be using Commensus for its own IT infrastructure and support,” says Cleaver.
“We are pleased to be recognised by HedgeStart for our leadership in both the cloud and IT outsourcing arena,” says Steven Fenn, managing director of Commensus. “HedgeStart’s IT clients will experience a business-as-usual support service and a very straightforward migration path to our cloud-based architecture should they want it. We are excited at the prospect of introducing our team to HedgeStart’s IT clients.”