Enterprise IT vendor IBM today announced its cloud deal with Finzsoft Solutions, a provider of financial software for banks and financial institutions in Australasia.
As part of the five-year cloud deal, Finzsoft Solutions will move Finzsoft’s core and vertical banking applications, including its Sovereign application, to the IBM Cloud.
IBM did not share the size of the cloud deal.
The agreement to host Finzsoft applications in the IBM Cloud at IBM cloud centers in Auckland and Wellington will enable Finzsoft to offer solutions-as-a-service to clients as the company expands across the Asia Pacific region.
Moving to a cloud-based offering will speed up the deployment of its solutions, reduce costs and provide security and resiliency to its customers. Finzsoft will leverage IBM Cloud Managed Services for New Zealand as well as infrastructure from SoftLayer.
“This agile, on-demand and real time access to solutions as-a-service through the IBM Cloud will help transform how our customers approach core banking refreshes and upgrades,” said Andrew Holliday, managing director of Finzsoft.