Bermuda-based Meridian Global Fund Services Group has announced the implementation of a managed hosting solution which moves its core IT infrastructure and data into a secure cloud environment.The fund administrator has partnered with 6fusion, a cloud hosting provider which has developed a consumption-based billing model allowing hosted infrastructure to be billed as a utility through its solution partner network; and Ignition, an international IT managed services provider. 6fusion developed the managed hosting and consumption metering platform for Meridian while Ignition acted as the IT consultant in the set up process and will provide ongoing resources as required.“This initiative has significantly improved our scalability as a global fund administrator and has solidified our disaster recovery solution,” said Eric Smith, senior vice-president of information technology at Meridian Global Fund Services.“We now have the capacity to manage our data needs and realise value from improved performance, improved reliability and lowered cost.”Rob Bissett, vice-president, product management at 6fusion, said: “We are very excited about the strategic partnership with Meridian Global Fund Services.“Through 6fusion, Meridian is leveraging a distributed data network that provides access to significant resources and the ability for virtual unlimited scalability and growth. Our utility metered model contributed to Meridian migrating to the cloud.”The 6fusion data centre is a state-of-the art secure facility with SAS 70 Certification.Michael Branco, senior vice-president of the Ignition Group of Technology Companies, said: “We look forward to supporting Meridian's migration in Bermuda with a 24/7 help desk, quality assurance, managed services, and proactive network monitoring.“Meridian has stepped ahead of its competitors by choosing a hosted infrastructure solution and managed IT services allowing them to concentrate on the core competencies of fund administration rather than managing their own day to day IT.”