Eagle Investment Systems is collaborating with Microsoft to deliver a cloud-based data management platform that it intends to develop into a multi-tenant solution. The platform will be powered by Microsoft Azure, although the collaboration will also build on Eagle’s private cloud, Eagle Access, to create a hybrid offer.
The multi-tenant data management platform is designed to help investment managers capture the data needed to manage assets and seek alpha. Combined with Eagle Managed Services it should also help clients ensure data validity and accuracy, while deploying on the Azure cloud platform will help provide the resiliency, availability and scale needed to adapt to dynamic markets.
Mal Cullen, CEO at Eagle, a BNY Mellon subsidiary, says: “The cloud has already diminished many of the barriers that have traditionally impeded investment managers’ ability to adopt and benefit from breakthrough technologies. This collaboration is a milestone for Eagle as we continue to innovate and develop data management and cloud solutions that meet both current and future needs of our clients.”
Judson Althoff, executive vice president, worldwide commercial business at Microsoft, adds: “The benefits that Azure provides as an enterprise-grade cloud platform, coupled with Eagle’s expertise in serving global investment managers, will allow companies to more efficiently manage costs and challenges while maximising the value of their data.”
Beyond data management, Eagle expects the platform to support enhanced analytics and reporting capabilities for its performance and accounting clients. It will also be combined with BNY Mellon Asset Servicing solutions.