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

CROWN EMPLOYEES CONVICTED, JASON O'CONNOR TO SPEND 10 MONTHS IN JAIL

CROWN Resorts (ASX: CWN) employees who were arrested in October last year on suspicion of gambling offences have b...

QUICK TURNAROUND FOR $20 MILLION OFFICE IN MELBOURNE OUTER-EAST

AN office building in Melbourne's outer eastern suburb of Mount Waverley has sold for $20.5 million just two year...

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION

A RETIREMENT village operator which has been accused of charging excessive fees through complex contracts has respond...

Related News

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION

A RETIREMENT village operator which has been accused of charging excessive fees through complex contracts has respond...

CHINESE TECH FIRM LOOKS TO AUSTRALIA FOR 'CUTTING EDGE' IDEAS

CHINESE ed-tech company Retech Technologies (ASX: RTE) has listed on the ASX after raising $17.9 million from its IPO...

COLLINS FOODS GOBBLES UP MORE AUSSIE KFC STORES

COLLINS Foods Limited (ASX: CKF) has purchased 28 KFC restaurants from Yum! Brands Inc for $110.2 million, adding fur...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter