FIN
16/10/2014 11:52
GENERAL
REL: 1152 HRS Finzsoft Solutions Limited
GENERAL: FIN: Finzsoft Moves to IBM Cloud to Drive Strategic Expansion
16 October 2014
Finzsoft Moves to IBM Cloud to Drive Strategic Expansion
Finzsoft adopts IBM cloud to offer as-a-service solutions to banking and
finance customers
Auckland, New Zealand - 16 October 2014: Finzsoft Solutions Limited (NZX:FIN)
and IBM (NYSE: IBM) today announced a five-year cloud agreement to move
Finzsoft's core and vertical banking applications, including its Sovereign
application, to the IBM cloud. The agreement to host Finzsoft applications in
the IBM cloud at IBM data centres in Auckland and Wellington will enable
Finzsoft to offer solutions-as-a-service to clients as the company expands
across the Asia Pacific region.
Finzsoft provides mission-critical financial software and solutions to banks
and financial institutions. Moving to a cloud-based offering will speed up
the deployment of its solutions, reduce costs and provide security and
resiliency to its customers. The cloud-based model enables Finzsoft to meet
the growing demands amongst its client base for operating models that deliver
agility, availability and stability.
Under the new agreement, Finzsoft will leverage IBM Cloud Managed
Infrastructure Services for New Zealand as well as infrastructure from
SoftLayer, an IBM company, enabling the company to take advantage of IBM's
global network of enterprise-grade data centres.
"IBM's reputation as a global tier one IT provider was key to our decision to
enter into this agreement. Working with IBM will give our clients confidence
that we are offering our solutions through a robust and secure cloud
environment, something which is extremely important to tier one banks and
finance companies. Having the IBM brand behind us will strengthen our
business proposals to our clients and enable a continued focus on the
development and delivery of transformational and scalable solutions for our
clients," said Andrew Holliday, Managing Director, Finzsoft.
"The banking sector is rapidly transforming. The focus on digital, mobility,
online banking and granular customer data means our customers want greater
flexibility and more personalised and integrated solutions. This agile,
on-demand and real time access to solutions as-a-service through the IBM
cloud will also help transform how our customers approach core banking
refreshes and upgrades," added Andrew Holliday.
"The rapid transformation of the banking industry is being driven strongly by
digital technologies. Finzsoft chose IBM for very clear reasons - security,
enterprise-grade capabilities, global network and our ability to be a
transformation partner. Working with Finzsoft to deliver these leading
applications as-a-service demonstrates that IBM is a leading provider of
cloud services with a compelling value proposition to enterprises," said
Robert Varker, Business Unit Executive, IBM Integrated Technology Services.
ENDS
About Finzsoft:
Finzsoft creates innovative, transformational products and services designed
around the people that use them. Since its launch over 25 years ago, the
company has provided financial software and solutions for banks and financial
institutions in Australasia. Finzsoft has offices in Singapore, Malaysia,
Australia and Auckland and employs over 90 people. www.finzsoft.com
About IBM Cloud Computing
IBM is the global leader in cloud with an unmatched portfolio of open cloud
solutions to enable clients for the hybrid cloud era with integration,
control over data and expertise. IBM Cloud has helped more than 30,000
clients around the world. Today, IBM has 100+ cloud SaaS solutions, thousands
of experts with deep industry knowledge helping clients transform and a
growing global network of data centres. Since 2007, IBM has invested more
than $7 billion in 17 acquisitions to accelerate its cloud initiatives. IBM
holds 1,560 cloud patents focused on driving innovation. In fact, IBM for the
21st consecutive year topped the annual list of US patent leaders. IBM
processes more than 5.5 million client transactions daily through IBM's
public cloud. For more information about cloud offerings from IBM, visit
http://www.ibm.com/cloud. Follow us on Twitter at @IBMcloud and on our blog
at www.thoughtsoncloud.com. Join the conversation #ibmcloud.
Finzsoft media contact:
Amy McKenzie
Sherson Willis
+64 21 278 8221
[email protected]
IBM Media contact:
Paul O'Leary
Pursuit Public Relations
+64 27 279 5742
[email protected]
End CA:00256484 For:FIN Type:GENERAL Time:2014-10-16 11:52:42
