Charles River Chooses Microsoft Azure, Microsoft Power BI, and Microsoft Teams for Enterprise Investment Management Solution
September 23 2019 - 9:00AM
Business Wire
State Street Corporation, (State Street), NYSE:STT, today
announced it will adopt Microsoft Azure, Microsoft’s cloud
computing platform, to deploy the Charles River Investment
Management Solution (Charles River IMS) on. As part of the
agreement, Charles River will also incorporate Microsoft Power BI
and Microsoft Teams into Charles River IMS.
Charles River’s cloud-based Software as a Service (SaaS) model
helps investment firms simplify and improve operations, scale more
readily, increase user satisfaction and better manage operational
risk. By using Azure, Charles River will be able to rapidly deploy
new products and services, more easily increase data and computing
capacity, and serve all geographies on a single platform. Azure’s
sophisticated security infrastructure will also provide AI-based
sentinel services to detect and prevent security breaches. The
integration of Power BI and Teams adds a full complement of
analytics, dashboarding, reporting, and collaboration capabilities,
providing clients with additional means to configure Charles River
IMS to meet the unique requirements of their investment
processes.
“Our use of Microsoft Azure is a logical next step in Charles
River’s evolution as a cloud-based enterprise investment management
solution provider,” said John Plansky, CEO of Charles River. “Cloud
utilization through Azure will enhance our clients’ experience,
enabling them to more easily adopt Charles River IMS’ latest
functionality and keep pace against an industry backdrop of
heightened market volatility, margin compression, and industry
consolidation. Azure also provides the robust infrastructure our
global client base requires to address growing regulatory
requirements around data residency and movement. Integrating
Microsoft Power BI and Teams boosts our collaboration by enabling
Charles River IMS to better support clients’ business intelligence
needs, as well as their desire to have built-in collaboration
capabilities”
Edward Fandrey, Vice President US Financial Services, Microsoft
Corp., said, “Charles River’s use of Microsoft Azure will provide
institutional asset managers with a scalable, flexible and highly
performant platform for managing their investments and servicing
their investors. We are proud of our collaboration with Charles
River and their choice of Azure, Microsoft Power BI, and Microsoft
Teams to better serve their clients.”
About Charles River, a State Street Company Charles River
enables sound and efficient investing across all asset classes.
Investment firms in more than 30 countries use Charles River IMS to
manage more than US$25 Trillion in assets as of April 2019 in the
institutional investment, wealth management and hedge fund
industries. Our Software as a Service-based solution (SaaS) is
designed to automate and simplify investment management on a single
platform – from portfolio management and risk analytics through
trading and post-trade settlement, with integrated compliance and
managed data throughout. Headquartered in Burlington,
Massachusetts, we support clients globally with more than 925
employees in 11 regional offices. www.crd.com
*As of April 2019
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors,
including investment servicing, investment management and
investment research and trading. With $32,754 billion in assets
under custody and administration and $2,918 billion* in assets
under management as of June 30, 2019, State Street operates
globally in more than 100 geographic markets and employs
approximately 39,000 worldwide. For more information, visit State
Street's website at www.statestreet.com.
*Assets under management include the assets of the SPDR® Gold
ETF and the SPDR® Long Dollar Gold Trust ETF (approximately $36
billion as of June 30, 2019), for which State Street Global
Advisors Funds Distributors, LLC (SSGA FD) serves as marketing
agent; SSGA FD and State Street Global Advisors are affiliated.
State Street Corporation One Lincoln Street, Boston, MA
02111-2900.
© 2019 State Street Corporation - All Rights Reserved
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version on businesswire.com: https://www.businesswire.com/news/home/20190923005482/en/
Marc Hazelton +1 617-662-1860 mhazelton@statestreet.com
@StateStreet
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