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Home > Cloud Computing > Rackspace enables Plus500 to manage over 3 million trades

Rackspace enables Plus500 to manage over 3 million trades

Rackspace Technology supports Plus500’s multi-cloud environment, having migrated services to Google Cloud.

Erdem Yasar by Erdem Yasar
November 13, 2020
in Cloud Computing
1 min read
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Rackspace enables Plus500 to manage over 3 million trades
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Multi-cloud solutions provider, Rackspace Technology is supporting Plus500’s multi-cloud environment, having migrated services to Google Cloud whilst managing the existing VMware private cloud platform. Plus500’s data is also now guarded by Rackspace Managed Security.

3 million trades every month

Mahesh Desai, Chief Relationship Officer for EMEA, Rackspace Technology
Mahesh Desai, Chief Relationship Officer for EMEA, Rackspace Technology

Plus500, the international financial firm provides online trading across more than 2,000 securities and multiple asset classes. With Rackspace, Plus500 facilitates more than 3 million trades every month. Rackspace Managed Security services also allow Plus500 to navigate the complexities of this data. Plus500 stated that while the business became increasingly global, its private cloud platform underpins its operations. Expansion and international growth is a top priority for businesses, thus the company has selected Google Cloud for this expansion to meet its needs for greater scalability. Mahesh Desai, Chief Relationship Officer for EMEA, Rackspace Technology, said,

“Multi-cloud provides a wide range of advantages for many organizations, but navigating the technical complexities takes a team of experts to master. Our expertise in supporting customers at every stage in their cloud journey enables organizations like Plus500 to support their customers with secure critical financial data, removing the challenges of managing the technical infrastructure.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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