Datapipe has been chosen by Moneycorp, the independent foreign currency exchange broker, to expand the company’s IT infrastructure to its newly acquired international offices.
Moneycorp is one of the UK’s fastest growing independent foreign currency exchange brokers, offering services for personal international transfers, corporate international transfers, and travel money. The currency brokerage completes more than 9.2 million customer transactions and trades ?13 billion in foreign currency every year.
Originally partnering with Datapipe in 2011, the company’s infrastructure was struggling to keep up with the business’s rapid growth. Datapipe provided Moneycorp with elastic expansion capabilities and transitioned the company from a capital expenditure (CapEx) to an operational expenditure (OpEx) model. By providing a transparent view of infrastructure performance and reducing overall IT risk and recovery time objective (RTO), Datapipe’s changes freed up Moneycorp’s IT team from reactive daily infrastructure maintenance.
Recently, Moneycorp’s IT infrastructure again needed to accommodate for expansion as the company embarked on a number of foreign acquisitions. Moneycorp opened up a number of new offices around the world, and Datapipe connected these remote offices directly to the Datapipe managed infrastructure. Moneycorp also commenced a strategic telephony project to implement a new unified communications system. This project leveraged Moneycorp’s infrastructure and supported its expansion.
Kenneth Byrne, head of IT services at Moneycorp, said: “Having an international partner such as Datapipe has been a considerable benefit to us. Datapipe has allowed us to expand our infrastructure internationally and supported our growth beyond the UK.”
“Most importantly, the stable and resilient infrastructure has been vital in terms of facilitating our growth. It’s not something I have to worry about because I know Datapipe is looking after it. As a result of the reliability, we are now leveraging the infrastructure for business-critical telephony services too.”
Scotty Morgan, Chief Sales Officer, Europe at Datapipe, added: “Moneycorp has witnessed extraordinary growth in the last few years, and we are delighted to have helped the company with this global expansion. Moneycorp now has the infrastructure in place to maintain and develop its global presence. Datapipe’s international expertise has been a vital component in this journey.”
Looking ahead, Moneycorp is continuing its expansion abroad. The next step is to develop and expand its infrastructure in the U.S. to the same level as the U.K., using Datapipe’s local U.S. infrastructure and management. Moneycorp has been working with Datapipe on the design and planning for this growth, and the implementation of the project is imminent. Beyond expansion in the U.S., Moneycorp is looking to grow into Brazil and also has plans to extend into Australia.
