The financial services industry is significantly more positive towards SaaS solutions, which are often more cost-efficient and less burdensome on internal IT departments than more traditional models of delivery.
New York, NY (PRWEB) April 08, 2013
Graz Sweden AB, a leading data warehouse provider for the financial industry, has recently signed a series of three-year contracts with SunGard Availability Services AB. SunGard will supply infrastructure as a service for Graz’s SaaS offering for Hinc, the company’s data warehouse product for the financial industry.
Since the financial crisis began in 2008, the financial industry has increasingly focused on cost savings. As a result, the IT departments of many banks and insurance companies have experienced considerable downsizing. These changes have made the industry significantly more positive towards SaaS solutions, which are often more cost-efficient and less burdensome on internal IT departments than more traditional models of delivery.
“There’s been a clear shift in the market since the financial crisis. To stay competitive we’ve chosen to collaborate with SunGard, which allows us to offer Hinc, our data warehouse for the financial industry, as a SaaS solution,” says Jonas Olsson, CEO of Graz Sweden AB.
“We’re delighted about our collaboration with Graz,” adds Staffan Johnsson, Key Account Manager at SunGard. “It shows that SunGard’s infrastructure services can live up to the high expectations of Graz’s customers.”
Graz Sweden AB is a data warehouse software provider for the financial industry. The company’s data warehouse, Hinc, is used by leading investment management organizations for reporting, analysis and business intelligence. For more information, visit http://www.graz.se/press_en.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $4.5 billion, SunGard is the largest privately held software and services company and is ranked 480 on the Fortune 500. Look for us wherever the mission is critical. For more information, visit http://www.sungard.com.