PRINCETON FINANCIAL SYSTEMS LAUNCHES DATA CENTER

Posted May 12, 2009

PRINCETON, N.J. – Princeton Financial Systems (PFS), a State Street company and provider of investment accounting, investment compliance, data management and reporting solutions to the global investment industry, has begun operating its newly built state-of-the-art Data Center.

The facility provides scalable, cost-effective managed hosting services for PFS’ PAM and MIG21 applications for small and medium-sized as well as larger businesses, including enterprise accounts in the financial industry.

“This state-of-the-art data center is in line with our best-of-breed strategy to provide world-class products and services to global institutional investors,” says James Russo, Chief Executive Officer, PFS. “Through the integration of high-efficiency systems, we are able to significantly reduce energy consumption while also increasing capacity to accommodate future growth. This supports our SaaS [Software as a Service] strategy as we expand across the globe with our multi-product offerings.”

The Data Center features multi-level physical and logical information security in line with the most recent international standards for information security. Its features include advanced power, cooling, storage, backup, redundancy, disaster recovery and sustainability features. Internal and external audits are performed regularly to ensure the most efficient and effective controls are in place.

“The protection of our source code and customer data is a critical priority,” says Bill McCloskey, Chief Administrative Officer, PFS. “PFS management ensures that controls remain in place for efficient and effective operation of the data center. Not only can clients of our SaaS solutions benefit from our world-class data center, but so can licensed clients. Our capable and mature infrastructure and support teams have the know-how to support any of our clients in our data center should their business model change.”