Increased pressure from both government and investors is forcing financial companies across all services to examine their data management processes and applications and find ways to make them more efficient
New York (Vocus) October 21, 2010
Headstrong, the leading IT consulting company for financial services, today announced the launch of an Application Decommissioning solution based on Informatica Data Archive software tomorrow, October 21st, 2010. The new solution will be released during an industry event, featuring a panel of experts and analysis from TowerGroup. The new Application Decommissioning solution provides a cost-effective model for retaining data and streamlining applications.
The panel discussion will address the challenges the financial services industry faces in trying to effectively manage IT costs and compliance. Financial Services industry experts including Rodney Nelsestuen, senior research director, Financial Strategies and IT Investments, Towergroup; Joshua Alpern, Vice President, Product Specialists, Informatica Application ILM Business Unit; and Rahul Naithani, managing consultant, Headstrong, will address best practices for decommissioning legacy applications and retiring data to eliminate costs and ensure compliance.
“Increased pressure from both government and investors is forcing financial companies across all services to examine their data management processes and applications and find ways to make them more efficient,” said Acky Kamdar, managing director, North America (Northeast) and Europe, Headstrong. “Headstrong is excited for this opportunity to release our Application Decommissioning Solution and host this industry-leading panel which will provide applicable solutions for increasing efficiency and decreasing costs.”
The panel will discuss how to:
- Reduce hardware and maintenance costs by up to 95 percent by quickly and safely retiring legacy applications
- Maintain easy access to the archived data
- Eliminate hardware and software support contracts for legacy applications
- Achieve payback within six months with a best-in-class application retirement solution
- Ensure compliance by enforcing data retention and disposition policies
- Learn from successful organizations that have efficiently retired legacy applications to save millions of dollars
“Informatica Application Information Lifecycle Management (ILM) product family is designed to help IT organizations manage every phase of the data lifecycle, from development and testing to archiving and retirement,” said Adam Wilson, general manager, ILM, Informatica. “Headstrong’s new Application Decommissioning Solution based on the Informatica Data Archive software ensures that financial services customers are able to safely retire legacy systems and applications and eliminating costs, while retaining data to support regulatory compliance, and reduce the time to search and access the data for eDiscovery.”
Headstrong is a global consulting and IT services company with a specialized focus in financial services. In particular, it is the world’s leading offshore outsourcing company for the capital markets and securities industry.
With nearly 30 years of proven results and projected 2010 revenues of more than $200 million, Headstrong’s model of specialization in the financial industry has yielded sustained year-on-year growth in earnings, profitability and market recognition. Headstrong operates in 8 countries, with more than 3000 employees. Outsourcing services are provided from offshore centers in India and the Philippines.
“Headstrong” is a registered trademark of Headstrong Corporation in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.