Fidelity Investments joins the OpenStack crowd

Fidelity, the largest mutual fund company in the United States, is now using OpenStack, giving Rackspace’s open infrastructure as a service project some notable backing from a major enterprise customer. That’s one of the news stories coming out of GigaOM’s Structure conference in San Francisco, where Rackspace CTO John Engates was joined by Fidelity Technology Group VP Keith Shinn on stage Wednesday to announce the partnership.

“We like the community behind it, and the broad support,” Shinn said about his company’s reasoning for using OpenStack. Shinn said that Fidelity is primarily using OpenStack for its private cloud, but that the company wants to eventually transition to a hybrid cloud environment.

That delicate balance between public, private and hybrid cloud was also echoed by HubSpot CIO Jim O’Neill, who joined the duo on stage to talk about his company’s experience with OpenStack. “We love the public cloud,” said O’Neill. However, it turned out that public infrastructure isn’t the best tool for all problems.

Engates said that this was a major theme he is hearing when talking to companies who utilize OpenStack. “The public cloud was supposed to solve all of our problems, Engates said, adding: “People are telling us that it’s not all what it was cracked up to be.” Many companies have been realizing that it takes a lot of engineering to bring private cloud-style security and reliability to the public cloud, which is why it makes sense for them to utilize hybrid cloud approaches like the one offered by OpenStack. “The killer feature is that OpenStack powers private and hybrid clouds,” Engates said.

Check out the rest of our Structure 2013 live coverage here, and a video embed of the session follows below:

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A transcription of the video follows on the next page