Abacus Watches the Private Cloud Business Grow
Acceptance of private cloud has moved significantly over the past 12-18 months, says Chris Grandi, managing director at Abacus, a private cloud infrastructure provider for hedge funds. Even a year ago he was getting a lot more doors shut in his face.
The reasons have been articulated before. Hedge funds kept their "secret sauce" on their servers and didn't want anyone else touching them. They also believed they could keep better tabs on the security of their data by housing them within their own
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