Customer A, one of the largest banks in the mid-western region of the United States, acquired Customer B, a large transportation finance business that used our product and had an on-premise setup successfully running for many years.
Customer A, being a financial services firm, was faced with the question of hosting the products on-premise or having us host the solution.
Banking and Financial institutions are known for their risk-averse attitude. Data Sensitivity and Data Security were primary concerns voiced by Customer A while considering the options of moving to a hosted cloud solution as opposed to migrating Customer B’s data to an on-premise setup.
With a view of security concerns that Customer A put forth, the approach recommended was that the legacy data from the on-premise setup be transferred over a secure file transfer protocol using encryption. This ensured that protocols for security and reliability are met and maintained.
Key requirements of Customer A were reviewed in terms of:
Business decisions post the acquisition were discussed to understand how the data from Customer B was to be integrated or maintained separately. Based on this, it was decided to migrate Customer B’s data onto an independent hosted environment and also standup a new hosted environment on the cloud for Customer A.. The above decision also factored in suitability to meet future business needs, capability to safely secure data and integration with existing applications.
The environments had to be turned around very quickly and migrated over considering Customer B’s existing client base was to be unaffected through the time the acquisition was complete.
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