Hedge funds and “other data-sensitive organizations” can now outsource data services to London and New York-based GlobeOp Financial Services. The independent financial and technology specialist offers its Managed Services data center “as a cost-effective, scalable alternative to investing in advanced data centers and infrastructure security,” GlobeOp President and COO, Vernon Barback, said in a June 22 announcement.

Clients of Managed Services will be able to utilize the controlled environment in GlobeOp’s Yorktown Heights, New York data center.

“Data growth remains exponential, driven by new websites, applications and client services that require significant amounts of data storage. IT infrastructure investments will increase for financial institutions in particular, due to high volume transaction processing, zero data loss risk tolerance, and growing demands for transparency and reporting.” said GlobeOp Chief Technology Officer, Bob Schwartz.

Michael Stanley can be reached at mstanley@sbmedia.com.