Boreal Capital Management
International Investment Firm Achieves Enterprise-Grade Business Continuity for 4x Less
Boreal Capital Management
Carlos Miranda
Head of IT, Boreal Capital Management
data protection
cost savings
unprotected servers
Boreal Capital Management, an international investment firm based in Miami, Florida, used a third-party vendor for disaster recovery of critical data until the vendor was targeted in a cyber attack. Boreal’s data was unaffected, but they didn’t want to take risks with only a week before hurricane season. They resolved to find a new, more comprehensive data protection solution fast.
Boreal implemented Backblaze B2 Cloud Storage for off-site protection from natural disasters like hurricanes, and, with the Object Lock feature, they achieved ransomware readiness. With verified partners Veeam and Cloud Instant Backup Recovery (IBR), Boreal can restore data from Backblaze B2 efficiently to cloud computing platforms while rebuilding their on-premises infrastructure.
Boreal established a data protection strategy that meets compliance requirements as well as recovery time objectives (RTO) and recovery point objectives (RPO) while reducing costs by 300%. Thanks to the verified partner compatibility between Veeam, Cloud IBR, and Backblaze B2, the solution was operational within a few days. And with free egress up to 3x the amount stored monthly, they ramped up testing while still allowing for full recovery without paying for extra bandwidth.
Boreal Capital Management is a global multi-disciplinary wealth management firm with locations in Miami, Florida and Zurich, Switzerland.
With Backblaze B2 Cloud Storage, Veeam Data Platform, and Cloud IBR, Boreal got a solution of verified compatibility vendors working together to provide simple automated recovery playbooks without the need for manual infrastructure deployment and software set up. The solution eliminates manual recovery processes and allows for true business continuity, allowing for recoveries in an on-demand bare-metal cloud environment, in the face of local natural disasters.
With only a week until hurricane season was in full swing, Carlos Miranda, Head of IT at Boreal Capital Management, faced a swirl of IT concerns. Boreal had been using a third-party vendor for disaster recovery to protect critical Veeam backups. Unfortunately, the vendor suffered a cyber attack. While they experienced no loss of customer data, they lost the ability to perform remote backup recoveries. The situation was unacceptable in the best of times, let alone with the threat of disruption on the horizon.
Operating a wealth management firm in Miami, we can't take chances with our data protection strategy. We needed to be ready, and I knew Backblaze could grow with us globally while keeping costs predictable.
Carlos Miranda, Head of IT, Boreal Capital Management
Miranda’s first concern is for the safety and accessibility of Boreal’s customer data. As a global wealth management firm operating under financial industry regulations, Boreal must maintain comprehensive data protection and business continuity capabilities to remain in compliance. When disaster strikes, they can’t tolerate significant downtime or data loss. The previous solution protected critical data on a few primary servers, but didn’t support business continuity or the recovery time objective (RTO) and recovery point objective (RPO) goals Miranda desired. Miranda also wanted to step up their backup testing capabilities from what he considered a minimum of twice a year. Finally, they needed to achieve all this without prohibitively expensive up-front or ongoing costs.
Miranda turned to Backblaze B2 for off-site storage for Boreal’s Veeam backups, supplemented by Cloud IBR for recovery. Boreal’s backups are protected outside of the Miami area with Object Lock enabled for ransomware protection, and Miranda can restore infrastructure in a bare metal cloud environment in a disaster scenario. The solution meets a 3-2-1-1-0 strategy using Veeam’s scale-out backup repository (SOBR) with three copies of their data, on two media, with one off-site, one immutable copy, and zero errors. Miranda implemented the solution within a few days thanks to the verified partner compatibility between Veeam, Cloud IBR, and Backblaze, and he began testing recoveries within a week.
We got great step-by-step instructions for setting up Backblaze as part of a robust disaster recovery stance, and we were able to start testing backups within a week of losing our previous solution. That gives us confidence our client data is protected and recoverable.
Carlos Miranda, Head of IT, Boreal Capital Management
Backblaze enables data portability through partners like Veeam and Cloud IBR due to truly open, S3 compatible, immutable cloud storage. With the combination of Backblaze, Veeam, and Cloud IBR, Boreal Capital Management is now able to back up and restore their entire compute environment in a matter of hours rather than just critical servers, meaning they’re better able to meet the RTO and RPO goals Miranda had set. Boreal also reduced their costs by 300% while protecting three times the data they had been with their previous solution and maintaining the enterprise-grade features they needed. Finally, since restores are so seamless, they increased their backup testing protocol from two times a year to monthly.
Moving our backups to Backblaze was a game-changer. We reduced our storage costs while still maintaining all the capabilities we need as a financial services firm. That's the kind of efficiency that makes a real difference to our bottom line.
Carlos Miranda, Head of IT, Boreal Capital Management
Veeam is the global market leader in data protection and ransomware recovery. Veeam Data Platform delivers a single solution for cloud, virtual, physical, SaaS, and Kubernetes environments that gives IT and security leaders peace of mind that their apps and data are protected and always available.
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