Mediolanum Chooses Options As Its New Managed Application and Hosting Provider
London – September 29, 2015 - Options, the leading managed service and IT infrastructure provider to the investment management sector, has announced that Mediolanum Asset Management, the Dublin-based asset management arm of the Mediolanum Banking Group, has chosen the private financial cloud provider as its new managed application and hosting provider.
The deal sees Options deliver FusionInvest, Misys’ fully integrated portfolio and risk management solution, as a fully managed service for Mediolanum in partnership with the technology consultancy firm, Cronos Consultants Group. The announcement follows Mediolanum’s recent decision to overhaul its entire IT platform to implement a new front-to-back data management solution in conjunction with Misys.
Mediolanum will leverage Options managed application solution, Momentum. Momentum combines a global platform, for hosting dozens of customer proprietary applications, with a standardised platform for the delivery of the leading front, middle and back-office financial systems. The platform is fully managed, resilient, highly secure and compliant.
Commenting on the implementation, Furio Pietribiasi, Mediolanum CEO in Ireland, said, “The redesign of Mediolanum’s target operating model and data management system demanded a private financial cloud provider with experience of complex implementations that could facilitate our ambitious plans. Options’ existing global infrastructure, a Tier 3, highly secure private cloud, would allow our investment professionals to engage with the portfolio 24/7, anywhere in the world, with obvious improvements on our overall on-going business continuity.”
Nigel Kneafsey, Options CEO, commented, “We are delighted to be working with Mediolanum to deliver FusionInvest as a managed application service. Options’ best-in-breed financial technology infrastructure makes for a powerful platform that will allow Mediolanum to leverage a state of the art order management system in FusionInvest. This innovative solution, unique to the asset management sector in Ireland, is a significant milestone for Options and further strengthens the firm's standing as a global leader in the delivery of managed financial applications.”
Mediolanum Asset Management Limited (MAML) is the Irish asset management company of the Mediolanum Banking Group. MAML has an innovative approach to investment management based on the application of a proprietary investment process, which allows the development of portfolio management solutions tailored to meet clients’ needs; investment advice and related investment management services.
About Options (www.options-it.com):
Options is the leading managed service and IT infrastructure products provider to the global financial services sector. Founded in 1993, the company began life as a hedge fund technology services provider. More than a decade ago, the company made a strategic decision to become the first provider to offer cloud services to the financial sector. Today over 200 firms globally leverage the Options platform, including the leading global investment banks, hedge funds, funds of funds, proprietary trading firms, market makers, broker/dealers, private equity houses and exchanges.
For more on Options, please visit www.options-it.com, follow us on Twitter at @Options_IT and visit our LinkedIn page.
Options harnesses their platform to deliver four managed service solutions:
Managed Platform: Core
Essential business technology from email and office applications to phones and tablets
Managed Applications: Momentum
Hosting and management of the applications that run your business, front office to back
Managed Co-Location: Velocity
Low latency trading, FIX connectivity, market data and computing infrastructure
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