Ipswitch, Inc. File Transfer division, the leading global developer of comprehensive secure and managed file transfer solutions, today announced that Hermes Fund Managers, a multi-specialist asset manager owned by BT Pension Scheme (BTPS), has implemented Ipswitch’s MOVEit DMZ to provide them with a secure and reliable solution to help protect the transfer of sensitive data and information.
“We exchange a lot of data including sensitive market information, pricing and trade information, with a large number of third parties” explained Jamie Dewar, Technical Services Manager, Hermes. “We therefore required an enterprise-class FTP solution which needed to be very secure due to the sensitivity of the data.”
Hermes offers investment solutions ranging from alternative strategies, such as fund of hedge funds and commodities, to engagement focus funds, real estate, private equity and specialist equity products. Its pension fund management service, Hermes Pension Fund Management Limited (HPFM), runs alongside its multi-specialist structure and acts as the executive arm of the BT Pension Scheme (BTPS). Hermes currently invests assets on behalf of 204 clients across these product areas and has over £20 billion under management.