Friday, March 27, 2020

AS part of a €200,000 technology upgrade, Naas-based firm Novi has designed and implemented a customised IT infrastructure for Irish Funds – the representative body for Ireland’s international investment funds community. The new infrastructure includes multiple layers of security to help protect their systems and data from potential cyber attacks.

Irish Funds’ membership numbers have risen by more than 40% in the last five years, necessitating infrastructure capable of handling large volumes of data and multiple office sites and which could scale with the organisation’s growth.

Novi, a secure IT and cloud service provider, implemented a bespoke solution to deliver increased security, performance and reliability. The new infrastructure features remote working capabilities, providing employees with secure access to real-time information.

Pictured at the announcement that Novi has designed and implemented a new secure IT infrastructure for Irish Funds are (L-R): Pat Lardner, CEO, Irish Funds; and George O’Dowd, MD, Novi.

“Irish Funds plays a central role in supporting a thriving industry in Ireland,” said Novi MD George O’Dowd. “We knew they required a secure remote working solution to support those involved in investment funds in every corner of Ireland. As well as this, the organisation is now equipped with a scalable and reliable system capable of growing in tandem and keeping it secure in the future.”

Cybersecurity is an important feature – multiple layers help to protect the organisation from the risk of a cyber breach, including an advanced firewall, email protection and Novi PatchGuard which automatically implements patches to keep all systems up-to-date and secure against malware and associated threats. Novi’s CyberView monitors for hidden threats on the network.

“The funds industry in Ireland employs 16,000 people directly across the country and contributed €837 million to the exchequer last year. The industry is very large, continuously growing and Irish Funds is at the heart of it,” said CEO Pat Lardner. “We were seeking an external IT partner who could help us deliver on our objective of supporting the ongoing development of the funds industry. Novi’s experience and success in implementing technology platforms for both regulated and non-regulated financial organisations really stood out to us.

“The strategic advice from Novi on how we could get the most from our investment in technology was invaluable from the outset, especially as we are a relatively small entity with no internal IT department. We are now well-equipped with a rock-solid IT infrastructure, tailored to our specific needs, so our staff can work faster, with better information, minimum disruption and from anywhere in the world.”

By Conor Forrest
Contact Newsdesk: 045 432147

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