Spreadex Heads For The Clouds - Invests £1.2 million In Privately Hosted Platform

British spread betting company Spreadex has today announced that it is upgrading its infrastructure by investing £1.2 million in a private Cloud platform provided by IT professional services company Computacenter, based on HP cloud Hosting technology.

This upgrade shows that virtual hosting is becoming a solution of choice for firms wishing to store data without risk of locally installed infrastructure failures, and Spreadex intends to underpin and safeguard its clients' trading transactions using this system.

Spreadex, which offers its services in the financial and sports sectors, said Computacenter would also enable replication between its two datacenters in London and St Albans.

David Farlam, an infrastructure analyst at Spreadex, made a statement today on behalf of the company that: "The new private cloud environment will give us the scalability and stability we need to support our business as it continues to grow.

"By basing our private cloud on a converged infrastructure stack from HP, we will be able to provide the security, availability and performance that our customers have come to expect."

Spreadex's turnover increased 14% to £29.4m in the past twelve months, and has seen profits before tax rise by 25% to £14.4 million.