BNY Mellon’s Eagle Inks Microsoft Cloud Deal
The two firms will collaborate to build a cloud-based data platform for investment managers.
Eagle, a subsidiary of BNY Mellon, has for years offered a private-cloud service through its Access platform. The deal with Microsoft will see it build a multi-tenant, hybrid cloud offering that will be hosted by Azure, and is targeted specifically at buy-side firms.
“This will be a new data management solution built for the cloud, and designed to support the challenges that firms face today with growing data complexities,” says Mike Fitzgerald, CIO at Eagle.
In particular, he says, the new
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