Manchester Tech Boss Launches Fund to Protect Businesses

Article date: Thu, 22 Aug 2013 12:54 GMT

 boss of cloud and colocation firm

The boss of cloud and colocation firm, UKFast, is launching a fund to help protect businesses from online threats.

UKFast's BASE (Building A Safer Environment) Fund makes top quality security solutions available to businesses who can't cope with suddenly-inflated prices from IT companies hoping to cash-in on their fears of online attacks.

The pot of cash is put aside by Lawrence Jones - the entrepreneur behind Manchester's fastest-growing tech company - to help businesses add security features to their network and grow to the next level. UKFast grants £5,000 for each business that qualifies for the funding to boost their solution.

Jones says: "It is common place to have online shops hosted on networks and environments that aren't behind a firewall. Many trusted sites that you'd assume would take this seriously are opting out, knowing that customers never check.

"The problem is less about people's desires to create a safe environment and more to do with astronomical pricing for firewalls and online security.

"If making your website safe is cost prohibitive, it's often the things you cannot see that are compromised, quite literally.

"We want to make it easy. We are demonstrating our longer-term commitment by being prepared to invest in the clients' firewall too. The BASEfund is designed to help businesses get the security they need.

"It makes sense and seems logical to me. It's a small price to pay when you consider the £12m we put into developing our own data centres.

"I'd like to think that one day all hosting providers will be doing the same.

"We're hearing from businesses who are seeing their security costs multiply because their hosting provider is taking advantage of growing fears around safety online. People are hearing more and more about DDoS attacks and some companies are using that to hike their prices up.

"Businesses are being forced to upgrade their firewalls and pay excessive costs for a basic safeguard. It's wrong! Britain's businesses shouldn't be held to ransom on this and forced to operate without the fundamental protections because of cost."

Jones is determined to protect business people from the kind of problems that can bring a company to its knees.

He added: "With the explosion of cloud, businesses are opting for convenience. It's quick and easy. Yet with data on US servers, often with little or no protection, it is a sure way to fail when things go wrong.

"We see both sides of the equation. Business people who have lost everything. If I can save one person from the despair that I have been unfortunate to witness in the past then it's worth the investment. We make our profits on retaining clients and building long term lasting relationships. I believe this is another sound way of building a safer environment together."

BASEfund provides industry leading anti-virus, backup systems, safety protocols and 24-hour monitoring at no extra cost for UKFast dedicated or managed hosting clients.

Grants of up to £5,000 per businesses are available to anyone hosting on the UKFast network.

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