Money Corp

Nebulas helps Moneycorp cut costs with virtual investment

TTT Moneycorp Limited (Moneycorp) has been delivering specialist foreign exchange services since 1979 and currently serves in excess of 2.8 million customers a year. With headquarters in London, Moneycorp has more than 600 employees and is a global operation spanning the United Kingdom, Australia, Spain and the United States. The company has three divisions, providing commercial foreign exchange, retail and wholesale currency services to a range of private and corporate customers, as well as a wholly-owned subsidiary, Moneycorp Markets.

The Challenge

Moneycorp has expanded considerably over the years, achieving more than 20% income growth annually since 1979. Inevitably, there was a continuous demand for more servers to host the increasing range of applications needed to meet its day-to-day activities. Being based in Central London, Moneycorp was quickly running out of physical space to house the large number of traditional rack-mounted and tower servers it required. As a result, the organisation adopted VMware’s virtualisation platform, to improve the availability and efficiency of resources to their growing business.