Silver lining for IT innovator

Written on the 7 October 2009

A GOLD Coast company has pioneered an innovative computer model that is saving its clients in IT costs.

OntheNet has launched VStrata, a comprehensive form of ‘cloud computing’. Under the model, all or some infrastructure that supplies the back office functions of a company’s computer network are supplied and hosted offsite by another company. Servers and software needs are accessed through high-speed internet connections.

OntheNet director Tak Woo, says the model will allow businesses managers significant savings. He says VStrata users do not need the IT expertise to maintain the ‘cloud’ that supports them.

“There is a lot of unused capacity within most IT networks. For example, most people when they buy a new computer only use a small proportion of its capabilities,” explains Woo.

“The same applies to company’s information networks. What we are doing with VStrata is supplying the network services on a large scale model to many different clients.

“As a result, OntheNet carries the large upfront costs associated with the setting up of the IT infrastructure and the clients can focus on what they do best, which is running their business.”

Woo says the cloud computing model is being used extensively in international markets and some companies had already introduced the model in Australia.

“We feel the time is right to introduce VStrata to the Gold Coast and expect the national market to come to us too,’’
he says.


Latest News

AUSTRALIA READY TO DISRUPT GLOBAL CARBON FIBRE MANUFACTURING

AUSTRALIA for the first time has the capacity to produce carbon fibre from scratch and at scale, following the launch...

HONG KONG FUND INVESTS $212.8 MILLION IN G8 EDUCATION

G8 EDUCATION (ASX: GEM) has secured $212.8 million from Hong Kong-based CFCG Investment Partners to pay down debt and...

MERGER DELIVERS THE FINANCIAL GOODS FOR TERRY WHITE

TERRY White Group has posted a solid half-year net profit of $1.3 million amid a period of major transformation fo...

BLUE SKY APPOINTS TWO NEW INDEPENDENT DIRECTORS

BLUE Sky Alternative Investments (ASX: BLA) has appointed two new independent, non-executive directors to its board: ...

Related News

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

TEST DRIVE A POST GRAD AT BOND

THERE'S only one way to really move your career into the fast lane, says Bond University, and 'test driving...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter