First Rate Successfully Performs 2013 Disaster Recovery Exercise
Arlington, TX – April 16, 2013 – First Rate, a leading provider a leading provider of performance measurement and client reporting solutions for the financial services industry, today announced it has successfully completed its 2013 disaster recovery exercise performed last week. First Rate’s team proved their ability to respond, communicate and recover from a disaster in which its primary data center became non-functional requiring First Rate to bring its clients back online at the secondary site in less than 24 hours. The First Rate team was successful in performing the transition and professionally executing the business resumption plan.
"Our clients depend on us to keep them online with access to their performance information," said Bo McWilliams, general manager of First Rate Hosting Solutions and the leader of the disaster recovery exercise. "The financial service marketplace requires that service providers have business resumption plans in place to minimize disruption to their client services. In addition, regular periodic tests of business resumption capabilities with published results are necessary to establish confidence in the vendor’s ability to support their businesses in the event of an actual catastrophic event. This exercise is part of First Rate's support of meeting those expectations."
The performance measurement reporting aspect of financial services firms has become more critical in terms of minimization of service disruption and the demand to provide world class service. This successful event provides confidence in our capability of business resumption as another strong solution at First Rate that delivers our clients peace of mind.
Contact First Rate today to discover how First Rate’s Hosting Solutions can bring value to your firm. If you have any questions about the business resumption exercise, please contact info@FirstRate.com
About First Rate
Wealth management companies nationwide trust First Rate for superior investment performance measurement technology. Dedicated to providing a unique level of focus, depth and expertise, First Rate’s solutions optimize all facets of asset management: risk assessment, portfolio analysis, GIPS compliance, investment reporting, and more. The First Rate Performance Suite™ allows investment firms to calculate accurate rates of return, efficiently analyze the results and generate dynamic, client-ready presentations that empower internal resources to deliver improved client service. For more information about First Rate, visit www.FirstRate.com.