Charles River Development, a State Street Company, announced that the first 10 clients to adopt its strategic cloud solution are now live. The Charles River Investment Management Solution (Charles River IMS) on Microsoft Azure helps set a new industry standard as a cloud-based offering that helps firms innovate, bring new products to market quickly, and mitigate operational and security risks.
“Charles River’s use of Microsoft Azure allows them to empower investment firms with innovative capabilities underpinned by a flexible, highly performant, and secure foundation”
BMO Global Asset Management, who recently implemented Charles River IMS on Azure in Canada, commented: “Charles River IMS on Azure provides our Canadian business with a solution that accommodates multi-asset products and scales for high volumes of activity.”
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“Having 10 clients live just over one year after announcing our strategic cloud solution represents a significant milestone,” said Dean Landis, Global Head of Delivery, Charles River. “During that time, we built a platform architecture that would allow customers to both streamline their operations as well as enable business transformation. When events surrounding the COVID-19 pandemic unfolded, we were able to support our customers’ transition to remote operations while continuing to move forward with cloud migrations.”
“This is great news because it demonstrates how far we’ve come in one year and what we will continue to accomplish with approximately 40 customer deployments we have planned in the coming months,” said Dmitriy Ilyin, Managing Director of SaaS Operations, Charles River. “This year has emphasized the importance of cloud technology in business continuity, and we’ve built a resilient and performant platform that meets the stringent security standards required by our customers.”
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“Charles River’s use of Microsoft Azure allows them to empower investment firms with innovative capabilities underpinned by a flexible, highly performant, and secure foundation,” said Corey Sanders, corporate vice president, Microsoft Corp. “Our collaboration with Charles River will continue to deliver an enhanced customer experience, to help their clients navigate changing markets and enable business growth and transformation.”
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