January 29, 2010 – State owned enterprise Quotable Value (QV), New Zealand’s largest valuation and property information company, has awarded a five-year, seven-figure contract for fully managed IT infrastructure provisioning to New Zealand complex computing provider Revera.

The new agreement effectively means that QV will access the capacity and capability it needs rather than be an infrastructure owner.  In the process QV has saved 20 percent on its IT operational expenditure and significantly reduced capital spend.

QV production, storage and disaster recovery systems, including 100-plus servers, have been relocated to Revera data centres in Auckland and Wellington, where they will eventually be virtualized on Revera’s VDC (Virtual Data Centre) provisioning platform. The new engagement is expected to be fully operational by March.

The agreement with Revera supports QV’s trans-Tasman operations – approximately 250 desktops in 35 sites – including QV’s local rating and other valuation business units. QV recently acquired property services company DTZ, which it plans to merge with its existing Darroch brand and will trade as Darroch Ltd.

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