Intuit Technologies has scored a deal to upgrade the IT infrastructure of financial advisory firm Vesparum Capital to power its data analytics and proprietary databases.
The Hobart-based company deployed Vertiv’s Smart Max converged infrastructure and also partnered with Nutanix and Dell EMC and replaced Vesparum’s dated white box IT setup.
Melbourne-based Vesparum provides independent capital markets advisory services to both public and private companies, specialising in optimising their interactions with equity capital markets.
“The finance industry is becoming increasingly focused on data-driven decision making,” Vesparum IT director Samuel Leslie.
“Data is central to everything we do. We can analyse in real-time more than 10,000 capital markets transactions and provide exclusive, objective advice to clients to maximise long-term equity value.”
The company uses a mix of investment banking, strategy consulting, asset management, and data science, which it says requires “considerable” IT infrastructure to power.
“Our early IT environment was heavily influenced by our budget,” Leslie said.
“We needed a scalable solution that also wouldn’t be obsolete in a few years to maintain our analytics programs and enable us to expand capabilities such as machine learning into our core services.”
Vertiv’s Smart Max is a fully integrated data centre in a rack containing real-time centralised monitoring, UPS power, power distribution, and passive cooling — which houses Dell EMC XC Series servers powered by Nutanix’s Enterprise Cloud OS software.
The solution eliminated the need for a data centre room, giving more office space to Vesparum’s data science and advisory teams. The reliability of internal IT infrastructure has also freed up the IT department to develop new services, DevOps programs, and others.
“It’s not always easy to bring together a mix of vendors and solutions,” Intuit Technologies senior account executive Laura Workman said.
“We knew Vertiv and the Dell EMC XC Series powered by Nutanix Enterprise Cloud OS software fit the part perfectly and that our joint partnership would satisfy Vesparum’s unique business needs.”
Vertiv ANZ managing director Robert Linsdell said Vesparum is an example of a “digitally-evolved” company that’s “leveraging technology” to “make smart decisions around investment”.
“Our role is to simplify and manage the backend so that businesses can focus on programs that can make a real difference to clients and staff,” Linsdell said.
“As new technologies and innovations such as machine learning make more of an impact on Australian businesses, simplified IT infrastructure needs to become the new norm.”