US technology firm
Princeton Financial Systems has launched a new data centre located in New Jersey to provide managed hosting services for its portfolio management and accounting and MIG21 compliance applications.

Occupying over 6,000 square feet, the data centre features multi-level physical and logical information security in line with the most recent international standards for information security, Princeton Financial Systems said in a statement.

In addition, the facility has advanced power, cooling, storage, backup, redundancy, disaster recovery and sustainability features, along with 24-hour servicing by a dedicated team of infrastructure and support staff.

"This state-of-the-art data centre is in line with our best-of-breed strategy to provide world-class products and services to global institutional investors. Through the integration of high efficiency systems we are able to significantly reduce energy consumption while also increasing capacity to accommodate future growth. This supports our SaaS strategy as we expand across the globe with our multi-product offerings", says
James Russo, Princeton Financial Systems' chief executive.

Headquartered in the state of New Jersey, Princeton Financial Systems also has offices in Canada, Australia, Singapore, the UK, the Netherlands, Luxembourg, France, Germany and Switzerland. The firm serves 430 investment managers, custodians, insurance companies, pension funds, hedge funds and banks, which manage combined total assets of over $5 trillion in more than 40 countries.