HomeWinBuzzer NewsMicrosoft Azure to Drive BlackRock’s Aladdin Cloud Push

Microsoft Azure to Drive BlackRock’s Aladdin Cloud Push

Microsoft and BlackRock have announced a partnership where Azure will drive the Aladdin platform’s move to the cloud.

-

has today announced a collaboration with investment management giant BlackRock. The two companies will integrate services during an ongoing strategic partnership. Specifically, Microsoft's Azure will provide the cloud framework for BlackRock's Aladdin platform.

BlackRock is a leader in the investment management market. The company is the world's largest asset management firm and oversees over $7.4 trillion in assets. Aladdin is BlackRock's end-to-end investment management and operations platform. It allows customers in various sectors to access services.

Under the terms of the partnership with Microsoft, Azure will allow Aladdin to arrive on the cloud. Together, the companies will aim to bring new scale and innovation to customers.

“As both a user and a provider of Aladdin, this decision reflects BlackRock's ongoing commitment to continuous innovation and scalable operating solutions,” said Rob Goldstein, Chief Operating Officer of BlackRock. “Aladdin infrastructure deployed on 's cloud platform will provide BlackRock with enhanced capabilities to deliver the best outcomes for our Aladdin clients.”

Cloud Support

By moving to the cloud with Azure, Aladdin will provide customers with an easier way to scale and support their infrastructure. Microsoft and BlackRock say they will also work to develop other projects on the cloud.

“By bringing Aladdin to the cloud, Microsoft will support BlackRock in further enhancing its client experience while also enabling continuous innovation in the financial services industry,” said Judson Althoff, executive vice president of Microsoft's Worldwide Commercial Business. “Together, we will empower an ecosystem of financial services customers running their most critical workloads in the cloud.”

Under the collaboration, the two companies plan to focus on sustainable data and analytics. The first project is the development of challenge grants for organizations that leverage data.

Last Updated on September 14, 2020 4:19 pm CEST

SourceMicrosoft
Luke Jones
Luke Jones
Luke has been writing about all things tech for more than five years. He is following Microsoft closely to bring you the latest news about Windows, Office, Azure, Skype, HoloLens and all the rest of their products.

Recent News