Multicloud services from Rackspace Technology enables Plus500 to securely manage over 3 million trades every month
12 November 2020 - 7:00PM
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 ContactDevika MistryRackspace Technology
Corporate Communicationsdevika.mistry@rackspace.co.uk
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