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Finanz Informatik Signs Long-Term Contract with Nutanix
Globenewswire· 2025-08-27 20:01
Core Insights - Nutanix and Finanz Informatik (FI) have entered into a strategic collaboration, marking a significant customer deal for Nutanix in Germany [1][3] - FI will migrate its Windows and Linux workloads to the Nutanix platform over the next two years, focusing on a hyperconverged architecture [1][2] - The partnership is built on trust and aims to enhance security, availability, and cost-effectiveness of IT solutions [3] Company Overview - Nutanix is a leader in hybrid multicloud computing, providing a secure platform for applications and data management, serving over 29,000 customers globally [4] - Finanz Informatik, based in Frankfurt, is a major IT service provider for the German Savings Banks Finance Group, generating approximately €2.6 billion in revenue in 2024 [2][5][7] - FI services 114 million accounts and processes 205 billion technical transactions annually, employing over 5,000 people [7] Strategic Importance - The collaboration is seen as a strong market signal, emphasizing the value of trust and partnership in long-term business relationships [3] - The migration to Nutanix's AHV hypervisor is part of FI's strategy to modernize its IT infrastructure [2][3]
Finanz Informatik and IBM extend and expand collaboration
Prnewswire· 2025-05-14 14:15
Core Insights - IBM and Finanz Informatik have signed a new contract to enhance their collaboration, focusing on AI, automation, and hybrid cloud technology to support the digital transformation of the Sparkassen-Finanzgruppe [1][4]. Company Overview - Finanz Informatik serves as the central IT service provider for over 340 savings banks, offering secure and regulatory-compliant solutions through its own data centers [2][9]. - The company processes around 205 billion technical transactions annually and manages approximately 114 million bank accounts, employing around 4,650 people as of the end of 2023 [9]. Strategic Initiatives - The new contract with IBM aims to bolster capacity growth and strengthen cyber resilience in line with the EU Digital Operational Resilience Act (DORA) [3][4]. - The collaboration will utilize advanced IBM technologies, including mainframe, Power systems, and AI-supported software from the watsonx portfolio, to modernize Finanz Informatik's infrastructure [3][5]. Innovation and Technology - The partnership will enable the introduction of innovative products for the OSPlus financial platform, enhancing security, availability, and cost-effectiveness for customers [5][6]. - By leveraging IBM's AI offerings, Finanz Informatik aims to deliver privacy-focused AI solutions that provide real-time insights and automation [6]. Sustainability and Future-Proofing - The agreement emphasizes a commitment to sustainability, ensuring that the IT infrastructure evolves in an environmentally friendly manner through energy-efficient technologies [6]. Market Position - The collaboration positions Finanz Informatik as a pioneer in utilizing innovative and resilient solutions within the European financial services sector [6].