Multicloud services from Rackspace Technology enables Plus500 to securely manage over 3 million trades every month
Rackspace Technology (NASDAQ: RXT) is enhancing Plus500's multicloud operations by migrating its services to Google Cloud while overseeing its existing VMware private cloud platform. The integration supports Plus500's online trading of over 2,000 securities and facilitates more than 3 million trades monthly. The collaboration also includes Rackspace's Managed Security services to ensure compliant data management. As Plus500 expands globally, the need for scalable solutions prompted the switch to Google Cloud.
- Enhanced security for Plus500's sensitive data through Rackspace Managed Security.
- Migration to Google Cloud allows greater scalability for Plus500's global operations.
- Ability to support over 3 million trades monthly, facilitating rapid transaction capabilities.
- None.
LONDON, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Rackspace Technology™ (NASDAQ: RXT), the multicloud solutions provider, is supporting Plus500’s multicloud environment, having migrated services to Google Cloud whilst managing the existing VMware private cloud platform. Plus500’s highly sensitive data is also now guarded by Rackspace Managed Security.
International financial firm, Plus500, provides online trading across more than 2,000 securities and multiple asset classes. With the new multicloud environment, Plus500 now facilitates more than 3 million trades every month – more than one per second. With assistance from Rackspace Managed Security services, Plus500 can navigate the complexities of this data securely and compliantly.
As Plus500’s business has become increasingly global, its robust and bespoke private cloud platform has continued to underpin its operations. However, with expansion and international growth a key business priority, the need for greater scalability became apparent and it selected Google Cloud for this expansion.
Ari Shotland, Chief Technology Officer at Plus500, said, “Being online-based, and given how quickly things change in the modern world, we have to be agile and constantly looking to adapt and enhance what we are doing. This coupled with the fact that multicloud adds a lot of complexities is why Rackspace Technology has been so invaluable.”
“Multicloud provides a wide range of advantages for many organisations, but navigating the technical complexities takes a team of experts to master,” said Mahesh Desai, Chief Relationship Officer for EMEA at Rackspace Technology. “Our expertise in supporting customers at every stage in their cloud journey enables organisations like Plus500 to support their customers with secure critical financial data, removing the challenges of managing the technical infrastructure.”
About Rackspace Technology
Rackspace Technology is a leading end-to-end multicloud technology services company. We can design, build and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.
Media Contact
Devika Mistry
Rackspace Technology Corporate Communications
devika.mistry@rackspace.co.uk
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