14 September, 2020

MMC completes move to the Cloud

MMC reached a huge milestone last week with the migration of their core business infrastructure to Microsoft Azure. Having moved all Aegis related systems fully to the Cloud as part of the separation from ASB back in June, this latest move of MMC’s remaining systems completes a two year project and puts the entire MMC business in the Cloud.

“We are excited to confirm our successful migration to the Cloud”, says Vedran Babic, MMC’s CEO. “This completes a significant landmark for our business made possible by our dedicated internal team, led by our CIO Craig Richardson, and our wonderful partners Lancom and Microsoft. This puts us in a position to reduce our reliance on hardware, which makes our business continuity and disaster recovery plans more robust and resilient, while enabling us to scale our systems rapidly as required. There are also material benefits which flow directly through to our clients via increased capacity and resilience for their investors’ growing digital engagement needs, faster deployment for releases causing less downtime and greater levels of security. Now that we are all in the Cloud, our focus shifts to optimising the Azure environment to maximise all of the benefits available. This migration means we are ensuring that both MMC and our clients’ businesses keep up to date with the latest technology available and our clients’ investors are provided with a world class infrastructure and support.”

Russell Craig, CTO at Microsoft NZ, comments “we are proud to have a company like MMC on our Cloud platform. Microsoft have a huge focus on working with the financial services industry, and welcoming MMC to Microsoft Azure is a great step forward. We continue to work closely with MMC and their managed service provider Lancom, a Microsoft Gold Partner, and look forward to helping them with their IT strategy as they lead the way forward.”

With the recent acquisition of Aegis, MMC currently have over 100 clients made up of investment managers, product providers and groups of investment professionals, with a combined funds under administration of over $85 billion.

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