GlobeOp Managed Services has teamed up with the business continuity planning experts at Firestorm to offer a webinar aimed at educating small to mid-sized businesses and hedge funds on business continuity planning.

How to be a Disaster Ready Business
April 6 from 11am-12pm Eastern

Webinar Overview:

What size does your company have to be to need a business continuity plan? What circumstances should it address? Any and all is the answer, if you plan to stay in business in the event of a disruption or disaster. A common misconception of many businesses is that BC/DR is only for “bigger” companies.

In truth, any organization that relies on IT, data, applications and telecommunications should explore a business continuity strategy to provide protection from drastic events and catastrophes such as terrorist attacks and natural disasters — as well as accommodations for everyday occurrences like ice storms, flooding, power loss, and simple mistakes.

Together, Firestorm and GlobeOp Managed Services are offering an educational webinar to offer insights, practical advice and actionable information to businesses interested in learning more about business continuity. If you’ve ever contemplated the survivability of your business in the face of an outage or disaster, plan to attend this education event. Register for the webinar today.

Go to the recorded webinar now

LONDON, NEW YORK – 21 JUNE 2010 – GlobeOp Managed Services today announced it will partner with business communications provider Intermedia to offer Outlook 2010 desktop functionality through Microsoft ® Exchange as a hosted service.

The enhanced private cloud service enables GlobeOp to offer clients the benefits of full collaboration functions of Microsoft Outlook 2010, without client installation or maintenance. Partnering with Intermedia, the world’s largest Microsoft Exchange hosting provider, also facilitates hosting Blackberry Enterprise Server and Windows SharePoint, delivering wireless synchronization and workspace sharing services respectively.

According to a June 2010 InformationWeek survey, 58 percent of business IT professionals are either using or planning to use private clouds to cut IT costs, ensure greater security and quickly scale to meet expanding user demand.

GlobeOp’s private cloud service offers clients a tailored, dedicated solution combined with high security and reliability. The partnership with Intermedia can further reduce technology investment for clients, yet offer the benefits of email, scheduling, collaboration and mobility tools. Designed for growing businesses, the hosted applications can be easily scaled to meet individual client requirements.

Ira Rosenblum, managing director, GlobeOp Managed Services, said: "Following extensive research and due diligence, Intermedia stood out among potential technology partners for its innovation, security and ability to deliver the solutions our customers demand on a 24/7 basis. GlobeOp’s objective is to offer remarkable services that allow our customers to focus on their core business. Delivering business-critical communications tools through a private cloud is a further demonstration of this commitment."

Private cloud services are a further extension of GlobeOp Managed Services’ active-active data center products. GlobeOp also provides business continuity, disaster recovery and data management from this world-class, SAS 70 Type II co-location. All services are supported continuously by GlobeOp’s team of experts on a 24/7 basis and according to service level agreements.

Bob Leibholz, senior vice president of sales and business development, of Intermedia, added: "GlobeOp is recognized as being an innovator. Its strong brand presence in the financial services sector means that we can now deliver these cost-effective hosted services in a turnkey package to more small- and mid-sized businesses (SMBs) in this sector. Through this partnership, GlobeOp can offer its customers a fully managed office infrastructure."

GlobeOp’s technology platform, established in 2000, represents more than 1000 collective man-years of development; its technology team comprises 250 people, 130 of whom are developers. The company is listed on the FinTech 100 and was named a "Leader in Innovation" in data storage/data management by Financial-i magazine.

GlobeOp Managed Services will be exhibiting at the SIFMA Technology Management Conference at the New York Hilton, New York City, June 22-24; Booth number 2717, Ballroom – Exhibit Level 2.

– ends–

Notes to Editors

About GlobeOp Managed Services
GlobeOp Managed Services, a business unit of GlobeOp Financial Services LLC, offers hosted data center support to hedge funds and other data-sensitive organizations challenged by increasing requirements and costs for business continuity and disaster recovery. Hosted and platform services are located primarily in GlobeOp’s production data center in Yorktown Heights, NY. A cornerstone of GlobeOp’s active-active IT infrastructure, the facility is specifically designed to meet the demanding real-time operational, network, scale and resiliency needs of global financial services clients. It offers a specialized and controlled environment, approximately 40 miles from Manhattan, in which cooling and power systems are designed to optimize scalability and energy efficiency. Internet connectivity is available in dedicated or tiered configurations; technical support specialists monitor and report Internet connectivity on a 24/7 basis. Wide area network (WAN) access is provided by multiple telecom vendors; firewalls and servers are frequently tested :www.globeopmanagedservices.com

About GlobeOp Financial Services
GlobeOp Financial Services (LSE:GO.) is an independent financial administrator of integrated risk-reporting and middle and back office services to hedge funds and asset management firms and other sectors of the financial industry. Outsourcing to GlobeOp helps clients who trade a wide range of asset classes – banks, insurance companies, mutual and pension funds and proprietary traders – reduce their technology investments and operational risks so they can focus on asset generation and portfolio management. Established in 2000, GlobeOp provides an innovative scope of services to more than 190 clients worldwide, representing $115 billion in assets under administration. Headquartered in London and New York, GlobeOp employs approximately 1,600 people on three continents through its 10 offices in the Cayman Islands, India, Ireland, the UK and U.S. Further information: www.globeop.com

About Intermedia
Intermedia is the premier provider of communications services, including hosted Microsoft Exchange, to small- and mid-sized businesses. For an affordable monthly fee, customers get business email, telephony, smartphones, instant messaging, fax and other communications delivered as a service with 24×7 support. Intermedia also empowers thousands of smaller VARs and MSPs – as well as select Fortune 500 companies – to sell communications services under their own brand. Founded in 1995, Intermedia was the first company to offer cloud-based business-class email and now has over 225,000 premium hosted Exchange mailboxes under management – more than any other provider. For more information, visit www.intermedia.net

© 2010 – GlobeOp Financial Services LLC (GlobeOp). All rights reserved. GlobeOp and the GlobeOp "G" are trade and service marks of GlobeOp and its affiliates

Media Contacts:

GlobeOp Financial Services

Dee Burke
Metia (UK)
+44 (0) 203 100 3676
Deirdre.Burke@metia.com

Sheryl Lee
Metia (US)
+1 917 320 6462
Sheryl.Lee@metia.com

Intermedia

Cynthia Greenberg
+1 646-225-9473
cgreenberg@intermedia.net

We'll be helping prospective clients assess their IT opportunities and booking on-site tours of the ultimate data center.

Let us know you're coming and we'll enter you to win an Apple iPad^TM.

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Come see us at the event or contact us for more information about upcoming events. For admission to the SIMFA Financial Services Technology Expo, visit the event page.

The independent examination evaluated the design and operating effectiveness of specified GlobeOp controls for the full-year period from October 1, 2008 to September 30, 2009. The examination included all 10 GlobeOp offices on three continents.

“As the financial services sector and its investors place an increasing spotlight on independent verification and operational risk management, a successful and comprehensive SAS 70 Type II examination offers our clients valuable reassurance about our global processes and controls,” said Vernon Barback, GlobeOp president and COO.” GlobeOp’s annual examination, and its continually expanding scope, is a significant investment for the company. It reflects our commitment to client service quality and data management excellence.”

Statement on Auditing Standards No. 70 (SAS 70) was established by the American Institute of Certified Public Accountants. A SAS 70 report is intended for a service organization's management, its user organizations and the independent auditors of the user organizations. It provides information about, and an independent assessment of, a service organization's specified controls as they relate to the processing of transactions in connection with audits of financial statements.

GlobeOp controls included in the examination scope support new fund client set-up; daily and month-end processes; reconciliations of trades, positions and cash; net asset value (NAV) production; investment valuation; and investor services procedures. From an information technology perspective, the examination included controls related to logical and physical security, data transmission, change and problem management, and system back-up and recovery and job scheduling.

GlobeOp continuously widens the scope of its annual SAS 70 Type II examinations. New categories this year included bank loans operations, client financial reporting (audit and financial statement support), and enhanced coverage of both valuations and OTC derivatives processing. GlobeOp’s entity-level controls over corporate governance were also included: the fair market value, operating and management committees; board of directors meetings; the GoCheck workflow management tool; and various corporate policies relating to the company’s code of conduct and ethics.

GlobeOp will continue to issue annual SAS 70 Type II examinations on a consecutive 12-month basis, to ensure optimal audit-period coverage.

– ends–

Editors Notes

About GlobeOp Financial Services

GlobeOp Financial Services (LSE:GO.) is a leading, independent financial technology specialist providing automated, integrated middle- and back-office, administration and risk reporting services to hedge funds and asset management firms-including banks, insurance companies, mutual & pension funds and proprietary traders. Clients trading a wide range of asset classes and derivatives outsource to GlobeOp to reduce technology investments and operational risks, and to focus resources on asset generation and portfolio management. Established in 2000, GlobeOp serves over 180 clients worldwide, representing $100 billion in assets under administration (AuA). With headquarters in London and New York, GlobeOp employs more than 1,500 people on three continents; offices are also located in Dublin, Ireland; George Town, Cayman Islands; Harrison and Yorktown Heights, NY and Hartford, CT, U.S.A.; and Mumbai (Bombay), India. Further information: www.globeop.com.

© 2009 – GlobeOp Financial Services LLC (GlobeOp). All rights reserved. GlobeOp and the GlobeOp "G" are trade and service marks of GlobeOp and its affiliates

Media Contacts

GlobeOp Financial Services

Nick Bird

Metia (UK)

+44 (0) 203 100 3738

Nick.bird@metia.com

Sheryl Lee

Metia (US)

+1 917 320 6462

Sheryl.Lee@metia.com

FinTech100, published by research firm IDC Financial Insights, is a revenue-determined ranking based on analysis of more than 400 companies that derive more than a third of their revenues from financial services. GlobeOp ranked 51st in both 2008 and 2009.

GlobeOp’s proprietary technology platform, established in 2000, represents more than 750 man-years of development. The GlobeOp technology team comprises 250 people, 130 of whom are developers.

–ends–

Notes to Editors

About GlobeOp Financial Services

GlobeOp Financial Services (LSE:GO.) is a leading, independent financial technology specialist providing automated, integrated middle- and back-office, administration and risk reporting services to hedge funds and asset management firms-including banks, insurance companies, mutual & pension funds and proprietary traders. Clients trading a wide range of asset classes and derivatives outsource to GlobeOp to reduce technology investments and operational risks, and to focus resources on asset generation and portfolio management. Established in 2000, GlobeOp serves over 180 clients worldwide, representing $100 billion in assets under administration (AuA).With headquarters in London and New York, GlobeOp employs more than 1,500 people on three continents; offices are also located in Dublin, Ireland; George Town, Cayman Islands; Harrison and Yorktown Heights, NY and Hartford, CT, U.S.A.; and Mumbai (Bombay), India. Further information: www.globeop.com

© 2009 – GlobeOp Financial Services LLC (GlobeOp). All rights reserved. GlobeOp and the GlobeOp "G" are trade and service marks of GlobeOp and its affiliates

Media Contacts

GlobeOp Financial Services

Natalie Shamshoum

Team 660, Metia

+44 20 3100 3655

natalie.shamshoum@metia.com

Sheryl Lee  Metia

+1 917 320 6462

Sheryl.Lee@metia.com

Customized hosted and full platform conversion services are available on a standalone basis or integrated within GlobeOp’s middle- and back-office, fund administration and managed services packages.

“GlobeOp is uniquely positioned to support hedge fund managers seeking a hosted Geneva solution as an alternative to building and maintaining their own IT infrastructure,” said Ron Tannenbaum, GlobeOp co-founder. “As one of Advent’s largest single customers, GlobeOp deploys significant in-house technical expertise to support one of the largest Geneva databases outside Advent. We produce more than 25,000 daily Geneva reports for our clients. In addition, GlobeOp has completed more than 200 conversions from a broad range of systems to Advent Geneva–including an $8 billion client.”

GlobeOp’s hosted Geneva services enable clients to outsource systems infrastructure, tasks and personnel requirements while reducing operational costs and risk. Data center facilities and hardware monitoring are provided within GlobeOp’s two active-active, SAS 70 Type ll-environment data centers. Hosted service packages can be customized to respond to a range of business requirements. GlobeOp offers a flexible service model that can include system conversions, hosting, security master maintenance, position valuations, reporting, onsite support, disaster recovery and reconciliation to fund administrators, prime brokers and counterparties.

GlobeOp’s experience converting hedge funds to Geneva creates a comprehensive hosted solution for leveraging Geneva benefits that include real-time investment portfolio views, customizable and flexible reporting tools, extensive investment coverage, and improved operational structure and cost management.

“Geneva is the gold standard for hedge fund and alternative investment accounting,” said Tom Zdon, vice president of Business Development at Advent. “This exciting new strategic relationship with GlobeOp increases the potential for firms of all sizes and strategies to leverage Geneva to improve their operations, reduce risk, and increase top line revenue. Geneva is ideally suited for delivery in a hosted environment, offering clients lower implementation risk, faster conversion times, and reduced need to manage technology and integration in-house.”

–ends–

Notes to Editors

About GlobeOp Financial Services

GlobeOp Financial Services (LSE:GO.) is a leading, independent financial technology specialist providing automated, integrated middle- and back-office, administration and risk reporting services to hedge funds and asset management firms-including banks, insurance companies, mutual & pension funds and proprietary traders. Clients trading a wide range of asset classes and derivatives outsource to GlobeOp to reduce technology investments and operational risks, and to focus resources on asset generation and portfolio management. Established in 2000, GlobeOp serves over 180 clients worldwide, representing $100 billion in assets under administration (AuA).With headquarters in London and New York, GlobeOp employs more than 1,500 people on three continents; offices are also located in Dublin, Ireland; George Town, Cayman Islands; Harrison and Yorktown Heights, NY and Hartford, CT, U.S.A.; and Mumbai (Bombay), India. Further information: www.globeop.com

About Geneva

Geneva, a global investment management and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds that require a high level of operational efficiency and easy access to real time data. Geneva offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools to enable firms to manage complex investment vehicles, multiple investment strategies, and tiered fund structures. For more information on Geneva visit https://secure.advent.com/info/pr_geneva

About Advent

Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in 60 countries rely on Advent technology to run their mission-critical operations. Advent’s quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support and services organization. For more information on Advent products visit http://www.advent.com/about/resources/demos/pr

© 2009 – GlobeOp Financial Services LLC (GlobeOp). All rights reserved. GlobeOp and the GlobeOp "G" are trade and service marks of GlobeOp and its affiliates

Media Contacts

GlobeOp Financial Services:
Natalie Shamshoum
Team 660, Metia
+44 20 3100 3655
natalie.shamshoum@metia.com

Sheryl Lee
Metia
+1 917 320 6462
Sheryl.Lee@metia.com

Advent:

EMEA
Paul Watthey
+44 20 7631 9240
paul.watthey@advent.com

US
Jessica Miller
+1 415 645 1853
Jessica.miller@advent.com

Hosted and platform services are located primarily in GlobeOp’s production data center in Yorktown Heights, NY. A cornerstone of GlobeOp’s active-active IT infrastructure, the facility is specifically designed to meet the demanding real-time operational, network, scale and resiliency needs of global financial services clients.

"Robust business continuity plans and disaster recovery capabilities rank among the priorities of fund investors conducting operational risk due diligence", said Vernon Barback, GlobeOp president and chief operating officer. "At the same time, in this uncertain market hedge funds and other financial organizations are targeting operational and IT costs as strategic priorities. Outsourcing to an experienced technology services provider like GlobeOp is a cost-effective, scalable alternative to investing in advanced data centers and infrastructure security. In purchasing and developing our Yorktown Heights facility, we identified the potential of combining its location and our expertise as a solution for technology-intensive companies in the Westchester, Fairfield and Manhattan areas."

Managed Services clients access a specialized and controlled environment within GlobeOp’s Yorktown Heights data centre, located approximately 40 miles from Manhattan. It’s cooling and power systems are designed to optimize scalability and energy efficiency. Internet connectivity is available in dedicated or tiered configurations; technical support specialists monitor and report internet connectivity on a 24/7 basis. Wide area network (WAN) access is provided by multiple telecom vendors; firewalls and servers are frequently tested.

Many in-house information technology departments today require additional space, power, bandwidth and system resilience, and face new business continuity and disaster recovery challenges, according to Bob Schwartz, GlobeOp chief technology officer.

"Data growth remains exponential, driven by new websites, applications and client services that require significant amounts of data storage." Schwartz said. "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 data transparency and reporting. Traditional data and hardware back-up systems are not designed to deliver the operating and facility capabilities of full business continuity management and disaster recovery. We've created a flexible response to client needs that range from data backup and recovery to a "mirror location" operating near existing offices but served by distinct or redundant power and telecommunications sources."

GlobeOp Managed Services will be exhibiting at the SIFMA Technology Management Conference at the New York Hilton, New York City, June 23-25; The Ballroom, Exhibit Level 2, Stand # 2415.

GlobeOp’s technology platform, established in 2000, represents more than 750 man-years of development; its technology team comprises 250 people, 130 of whom are developers. The company is listed on both the FinTech 100 and RiskTech 100.

–ends–

Notes to Editors—About GlobeOp Financial Services

GlobeOp Financial Services (LSE:GO.) is a leading, independent financial technology specialist providing automated, integrated middle-, back-office, administration and risk reporting services to hedge funds and asset management firms—including banks, insurance companies, mutual & pension funds and proprietary traders. Clients trading a wide range of asset classes and derivatives outsource to GlobeOp to reduce technology investments and operational risks, and to focus resources on asset generation and portfolio management. Established in 2000, GlobeOp today serves more than 180 clients worldwide, representing $91 billion in assets under administration (AuA). GlobeOp’s headquarters are in London and New York; offices are also located in Dublin, Ireland; George Town, Cayman Islands; Harrison and Yorktown Heights, NY and Hartford, CT, U.S.A.; and Mumbai (Bombay), India. Further information: www.globeop.com

^{© 2009 – GlobeOp Financial Services LLC (GlobeOp). All rights reserved. GlobeOp and the GlobeOp "G" are trade and service marks of GlobeOp and its affiliates}

Media Contacts

GlobeOp Financial Services
Natalie Shamshoum
Team 660, Metia
+44 20 3100 3655
Natalie.Shamshoum@metia.com

Sheryl Lee
Metia
+1 917 320 6462
Sheryl.Lee@metia.com