Carbon Capital Markets, the carbon emissions trader, has signed a three-year backup and recovery contract with Iron Mountain Digital for an undisclosed sum.
The carbon emissions trader has implemented Iron Mountain’s disaster and recovery software, LiveVault Server, which automatically backs up server data via a secure internet connection.
The contract also allows Carbon Capital Markets to meet the data retention policies set by UK regulator the Financial Services Authority (FSA).
Launched in 2005, the carbon trader is regulated by the FSA to provide carbon-related financial products and services to companies affected by the EU Emissions Trading Scheme (EU ETS) and wider Kyoto Protocol.
Mark Flitter, information technology manager at Carbon Capital Markets, said the partnership with Iron Mountain Digital would significantly improve the recovery prospects for the company.
“We found the tape-based system that we were using reliable but we wanted to have a two-level backup policy of using a tape system and offsite system to safeguard our vital company information,” said Flitter.
Iron Mountain state that data is stored “offsite in a secure, remote location, where it is available for immediate recovery in the event of a system failure, virus, human error or other disaster.”
Last year Iron Mountain had a major fire at their London storage facility where 600 customer’s records were lost.