Red Hat, Inc., the world's leading provider of open source solutions, today announced that YJFX, Inc., a financial subsidiary of Yahoo Group focused on foreign exchange services, has adopted Red Hat OpenStack Platform to build out the company’s private cloud infrastructure. Red Hat’s massively scalable Infrastructure-as-a-Service (IaaS) offering, Red Hat OpenStack Platform offers YJFX extensive scalability, helping it deliver new infrastructure more quickly as it seeks to bring differentiating applications and services to end users.
With the adoption of Red Hat OpenStack Platform, we now have an ideal development environment in place. We will work on building innovative system infrastructures using open source technologies and further incorporating new development methods and technologies such as DevOps and container technologies in order to help accelerate our business.
YJFX provides online foreign exchange (forex) trading services in 22 currencies as well as investment trust services. As a leading service provider in the forex industry, YJFX constantly seeks new ways to improve customer satisfaction along with the reliability and quality of its offered services, both current and new. To continue enhancing the customer experience, YJFX wanted to drive innovation at all levels of the company’s IT stack, starting with the infrastructure layer.
The company’s existing IT environment for building new services used proprietary virtualization technologies running on public cloud infrastructure. While workable, this strategy made delivering new infrastructure environments in a timely manner difficult. The IT teams in charge of the infrastructure had to manually make adjustments to deliver individual environments and servers, increasing time to market of new services while increasing procurement costs. From a cost and time perspective, these challenges limited YJFX’s ability to drive innovation more quickly.
In order to drive down the costs and time associated with delivering new services, YJFX wanted to empower its developers to self-provision their environments more quickly without having to rely on IT operations teams. To do this, the company began exploring options beyond the public cloud in 2018, ultimately electing to migrate to a scalable, private cloud built on Red Hat OpenStack.
Built on the open industry standards of the OpenStack project, Red Hat OpenStack Platform delivers the innovation of the OpenStack community to YJFX paired with hardened codes, enterprise security updates and the expertise and support of Red Hat. YJFX also participated in a discovery session of the Red Hat infrastructure migration solution, provided by Red Hat. With the support of Red Hat Consulting, YJFX was able to better visualize the issues and effects of the migration project as well as conceptualize an image of the ideal private cloud development environment. To deploy the new Red Hat-based private cloud, YJFX enlisted DTS CORPORATION, a systems integrator, to handle the migration work and build out the new infrastructure.
After comparing the costs of maintaining and operating its existing infrastructure to the new private cloud platform, YJFX expects to see the associated expenses lowered by 30-40 percent over the next five years. The time needed to prepare development environments, which previously could take as long as one month, has now been reduced to a few hours thanks to developers being able to self-provision resources. This has also led to a reduction in workload for IT operations staff while providing a flexible, scalable infrastructure layer that can help drive new application delivery and improve customer service.
The initial migration for the dealing room was completed at the end of April 2019.
Mochizuki Hirokazu, president and representative director, Red Hat K.K.
“Red Hat OpenStack Platform enables flexible and scalable cloud-native infrastructure that can also provide on-demand, self-service capabilities to developers. By migrating the development environment from an external virtual environment to an on-premises private, cloud YJFX was able to reduce the workload on the personnel in charge of infrastructure and bring about more developer flexibility. Accordingly, YJFX’s IT organization can now find it easier to work on improving services and adding new features to meet customer needs.”
Hikaru Saito, manager, System Management Department, YJFX, Inc.
“We had sought information infrastructures which enable us to implement new services and features demanded by customers more quickly, safely and surely, in the online financial service market where we see competition intensifying. At the same time, it was required to reduce operational costs and the burdens on our personnel in charge of infrastructures and providing a speedy and flexible development environment for application developers. With the adoption of Red Hat OpenStack Platform, we now have an ideal development environment in place. We will work on building innovative system infrastructures using open source technologies and further incorporating new development methods and technologies such as DevOps and container technologies in order to help accelerate our business.”
Naoyoshi Kawashima, Enterprise and Solution Division 2, DTS CORPORATION
“When we supported YJFX to introduce Red Hat OpenStack Platform, careful tuning was required in accordance with their unique systems and application environments. Backed by consulting support from Red Hat, the migration was successfully done. Also, by using Red Hat OpenStack Platform director, changes in the setting and repeating deployment operations could be performed efficiently.”
- About Red Hat
Red Hat is the world’s leading provider of enterprise open source software solutions, using a community-powered approach to deliver reliable and high-performing Linux, hybrid cloud, container, and Kubernetes technologies. Red Hat helps customers integrate new and existing IT applications, develop cloud-native applications, standardize on our industry-leading operating system, and automate, secure, and manage complex environments. Award-winning support, training, and consulting services make Red Hat a trusted adviser to the Fortune 500. As a strategic partner to cloud providers, system integrators, application vendors, customers, and open source communities, Red Hat can help organizations prepare for the digital future.
- Forward-Looking Statements
Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: risks related to our pending merger with International Business Machines Corporation, the ability of the Company to compete effectively; the ability to deliver and stimulate demand for new products and technological innovations on a timely basis; delays or reductions in information technology spending; the integration of acquisitions and the ability to market successfully acquired technologies and products; risks related to errors or defects in our offerings and third-party products upon which our offerings depend; risks related to the security of our offerings and other data security vulnerabilities; fluctuations in exchange rates; changes in and a dependence on key personnel; the effects of industry consolidation; uncertainty and adverse results in litigation and related settlements; the inability to adequately protect Company intellectual property and the potential for infringement or breach of license claims of or relating to third party intellectual property; the ability to meet financial and operational challenges encountered in our international operations; and ineffective management of, and control over, the Company's growth and international operations, as well as other factors contained in our most recent Quarterly Report on Form 10-Q (copies of which may be accessed through the Securities and Exchange Commission's website at www.sec.gov), including those found therein under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations". In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic and political conditions, governmental and public policy changes and the impact of natural disasters such as earthquakes and floods. The forward-looking statements included in this press release represent the Company's views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release.
Red Hat, Red Hat Enterprise Linux, the Red Hat logo, JBoss, Ansible, Ceph, CloudForms, Gluster and OpenShift are trademarks or registered trademarks of Red Hat, Inc. or its subsidiaries in the U.S. and other countries. Linux® is the registered trademark of Linus Torvalds in the U.S. and other countries. The OpenStack Word Mark is either a registered trademark/service mark or trademark/service mark of the OpenStack Foundation, in the United States and other countries, and is used with the OpenStack Foundation's permission. Red Hat is not affiliated with, endorsed or sponsored by the OpenStack Foundation, or the OpenStack community.