Evanston Capital Selects Gravitas for Cloud Hosting

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Gravitas, a co-sourcing platform providing cloud technology, collaborative outsourcing, risk analytics and research support to the alternative investment industry, announced today the successful migration of Evanston Capital Management, LLC’s (“ECM”) core servers and applications to the Gravitas Private Cloud. Gravitas’ Private Cloud is a secure, scalable and integrated solution built on VCE’s Vblock state-of-the-art virtualization and cloud technology.

ECM faced an impending upgrade and replacement of its in-house data center, which would necessitate significant capital expenditure. Leveraging a longstanding relationship with Gravitas, ECM explored alternatives to the traditional capex methodology, deciding instead to embrace “computing as a service” and migrate to the cloud. The project centered on relocating ECM’s computing infrastructure to Gravitas-linked datacenters in Chicago and New Jersey to support production and disaster recovery. The entire process, from initial concept discussions to full implementation, was completed in less than six months.

Gravitas’ cloud-hosting infrastructure provides multiple benefits, including secure hosting in dual, geographically dispersed, Tier 4 datacenters, continuous replication between datacenters, providing robust DR failover, as well as 24x7 monitoring and administration supported by Gravitas’ global Network Operating Center (NOC).

Migrating to Gravitas Private Cloud allows us to replace significant recurring capital expenditures tied to on-site infrastructure with a predictable monthly operating expense for hosting and monitoring of all our systems. Looking ahead, we envision taking advantage of seamless and efficient scalability as additional capacity is needed in the future.
— Kenneth Meister, ECM’s President and Chief Operating Officer

“In their pursuit of alpha, asset managers working in today’s market environment face intensive cost pressures and regulatory demands,” said Mark Seaman, Gravitas’ Sr. Managing Director for Co-sourcing Services. “At the outset of this migration project, ECM made it clear that it needed an infrastructure solution that is secure, flexible and can scale effortlessly. We look forward to providing continued cost efficiencies and operational freedom to ECM through our collaborative integration of people, processes and technology.”

HFMWeek named Gravitas the “Best Overall Technology Firm” in its US Hedge Fund Services Awards in 2012.

About Gravitas

Gravitas is a leading co-sourcingTM platform providing cloud technology and collaborative outsourcing for investment support and middle office services to the alternative investment industry. Founded in 1996, the company provides hedge funds, private equity funds and other alternative asset managers with unique and flexible co-sourced offerings for systems integration, technical support, risk analytics, software development, investment operations, investment research support and more. From co-sourcing and advisory through implementation, Gravitas designs creative solutions that give clients the operational freedom to invest, innovate, and scale. The company is based in New York with offices in Chicago, Greenwich, Mumbai and Ahmedabad, India. www.gravitas.co

About Evanston Capital Management

Evanston Capital Management, LLC (“ECM”) is an investment adviser that provides investment advisory services specializing in the construction of multi-manager hedge fund programs. Founded in 2002 by Dave Wagner, the former Vice President and Chief Investment Officer of Northwestern University, ECM has approximately $4.6 billion in assets under management as of October 1, 2013.