Hedge Fund IT Firm Opens New Data Center

Richard Fleischman & Associates (RFA), which provides IT and disaster recovery services for more than 400 hedge funds, has opened an expanded data center in Purchase, N.Y. The new 50,000 square foot facility provides real-time "hot site" backup to support prompt resumption of operations for investment companies in the event of a disaster.

"Our expanded data center was designed to accommodate our client's demand for growth and to satisfy their evolving technology needs in the event of a crisis," says Richard Fleischman, president of RFA. "RFA's enhanced data center reinforces our commitment to the continued expansion of our organization and furthering our goal to consistently provide our clients with exceptional service."

Many of the upgrades to the Purchase facility focused on the electrical infrastructure, including a 200% increase in generator capacity to ensure that the facility can run at full load should it lose grid power. RFA said it had also added substantial additional capacity for its uninterrupted power supply (UPS) systems have been strengthened to five-times the previous capacity to provider longer run time. The office space and data center areas are each supported by UPS and operate independent of each other. RFA plans a second phase of upgrades, which is expected to be completed in the first quarter of 2008.

RFA's customers include more than 400 hedge funds and private equity firms. Richard Fleischman & Associates offering both turn key IT solutions and on-site and remote monitoring.