Gravitas Private Cloud Chosen By New Vernon Capital For Applications And Portfolio Services

Long-standing relationship spans multiple lines of Gravitas offerings

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May 29, 2013, 10:10 ET

NEW YORK, May 29, 2013 /PRNewswire/ -- Gravitas, a co-sourcing platform providing cloud technology, collaborative outsourcing, risk analytics and research support to the alternative investment industry, today announced that investment manager New Vernon Capital will use Gravitas Private Cloud for several core systems. Gravitas Private Cloud is a secure, scalable and integrated solution built on VCE's VBlock state-of-the-art virtualization and cloud technology.

New Vernon Capital's decision to migrate their infrastructure to the Gravitas Private Cloud provides them with a secure, best-of-breed technology infrastructure while minimizing the overall costs and maintenance required when managing an onsite IT environment. The Gravitas Private Cloud will be customized for the specific needs of New Vernon's business, which will include the configuration of a highly available messaging platform for their production and disaster recovery environments. In addition to core systems, New Vernon Capital will also consolidate existing physical servers that currently house their proprietary portfolio reporting and accounting systems onto a single, enterprise-class platform. The move to the Gravitas Private Cloud is the latest of many large-scale initiatives Gravitas has completed for New Vernon commencing with their launch in 2004.

"Today's market environment presents asset managers with extraordinary cost pressures and regulatory demands, on top of their first priority, which is to deliver true alpha," said Gravitas CEO Jayesh Punater. "New Vernon Capital has evolved into a dynamic, highly competitive firm with an expanding variety of requirements since we first began working together. We look forward to consistently rich collaboration as we allocate people, processes and technology in innovative ways that provide new cost efficiencies and greater operational freedom."

Over the course of its relationship with Gravitas, New Vernon has leveraged a wide range of Gravitas's business offerings across an array of projects. These include implementing Advent's Geneva, a comprehensive, real-time portfolio management system designed for the alternative investment industry. Gravitas also designed and implemented a data warehouse, which has proved integral to New Vernon's business, enabling customized reporting from multiple data sources.

"It was critical for New Vernon Capital to partner with a cloud technology provider that understands our business and can deliver a secure, flexible infrastructure that can scale with us," said Jeffrey N. Edwards, Partner and Chief Operating Officer of New Vernon Capital. "Gravitas has been with us since our launch, and has provided us with the incremental solutions we've needed each step of the way since then in a very holistic way."

HFMWeek named Gravitas as the 'Best Overall Technology Firm' in its US Hedge Fund Services Awards in 2012.

About Gravitas
Gravitas is a leading co-sourcing™platform providing cloud technology and collaborative outsourcing for investment support and middle office services to the alternative investment industry. Founded in 1996, the company provides hedge funds, private equity funds and other alternative asset managers with unique and flexible co-sourced offerings for systems integration, technical support, risk analytics, software development, investment operations, investment research support and more. From co-sourcing and advisory through implementation, Gravitas designs creative solutions that give clients the operational freedom to invest, innovate, and scale. The company is based in New York with offices in Chicago, Greenwich, Mumbai and Ahmedabad, India. www.gravitas.co

About New Vernon Capital
New Vernon Capital is a registered investment adviser founded in 2004 focusing on public equities, real estate, and private equity investments in emerging markets, particularly India. The firm's investors include leading university endowments, insurance companies, foundations, and family offices in the United States and abroad.

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SOURCE Gravitas