Photo - Nicholas Chua, Business Operations Director, N2N Connect Berhad.
Malaysia's financial services solutions provider N2N Connect has cut its operational IT expenditure by 50 percent and enhanced its customer services with the use of web-scale technology from converged infrastructure solutions firm Nutanix.
Nicholas Chua, business operations director for N2N Connect [N2N], an MSC [Multimedia Supercorridor] Malaysia status firm, said the highly volatile nature of the financial stock market, means that N2N's customers demand robust and reliable online trading systems that can cope with unexpected high traffic volumes.
Any system lag or latency during trading period will impact transaction commission and loss of business confidence, he said. "Before implementing Nutanix, our legacy storage systems were plagued by maintenance and patch issues, causing our IT team to focus on managing 500 to 1,000 physical servers just to ensure our systems would continue running."
"We were specifically looking for an alternative solution that would lower costs, simplify management and not sacrifice performance or stability," he said. "Nutanix's technology is a game-changer that brings significant improvement in cost, scalability and performance to our business operations and much greater peace of mind that our customers' systems can cope with any unanticipated and exceptional spikes in trading volumes."
N2N also liked Nutanix's OS, which combined compute and storage into a single distributed system, as the best platform to bring about greater efficiencies and scalability to its environment, said Chua.
In addition, the small form factor of Nutanix's converged infrastructure, helped N2N cut the number of racks from 20 to just 10, he said. "This smaller footprint helped to reduce power consumption and heat emission. In addition, the company is now about to rent its unused rack space, further maximising income."
N2N will now leverage the Nutanix web-scale architecture and expand its overseas network beyond Southeast Asia and the Middle East to Australia, added Chua.
"Businesses of all types can't afford to count on unreliable infrastructure, but in the world of financial services where any downtime, lag or latency during a trading period has a significant impact on transaction commissions and business confidence, it's especially critical," said Lim Pun Kok, managing director for Nutanix Asean. "Because of its web-scale architecture, Nutanix gives companies like N2N exceptional scalability and flexibility to meet the demands of their business without fear of interruptions that can impact the bottom line."
Lim said the Nutanix virtual computing platform integrates high-performance server resources with enterprise-class storage in a cost-effective 2U appliance. "It eliminates the need for network-based storage architecture, such as storage area network (SAN). The Nutanix platform is fast to install, easy to manage and out performs legacy infrastructure."