Infotech Lead America: United Bank & Trust, a financial services company, has selected Online Tech, a provider of compliant hosting, for private cloud hosting services.
United’s key criteria included technical solution and managed services offerings, cost and value-added analysis, security/compliance capabilities, and ability to perform as a strategic partner.
“During the evaluation and discussions regarding our current and future challenges, Online Tech was very careful to listen, challenge where appropriate, and ultimately help us develop a model to fit our service delivery needs,” said Mike Collins, United Bank & Trust Chief Information Officer.
Before selecting Online Tech, United Bank & Trust conducted a total cost of ownership (TCO) analysis comparing the enhancement of their existing in-house environment against leveraging a managed services arrangement with a 3rd party partner.
After developing a complex cost and services model including forecasts covering 5-year and 10-year periods, they found that there was no real competitive advantage for United Bank & Trust to invest in building and managing a new data center.
“Our analysis showed that partnering with a state-of-the-art provider would give us more than we could build ourselves, helping us more efficiently manage our costs and service levels. Our core business is providing financial solutions and servicing our clients — not data center management,” said Don Griffiths, United Bank & Trust Senior Vice President of Information Technology.
Online Tech’s top tier data centers are located 53 miles apart on different commercial power grids for the ideal offsite backup and disaster recovery. All facilities, products, services, and staff are also independently PCI, HIPAA and SOX audited to meet the highest national compliance requirements.