Stockholm, April 4, 2013 – Graz Sweden AB has recently signed a series of three-year contracts with SunGard Availability Services AB. SunGard will supply infrastructure as a service for Graz’s SaaS offering for Hinc, the company’s data warehouse product for the financial industry.
Since the financial crisis began in 2008, the financial industry has increasingly focused on cost savings. As a result, the IT departments of many banks and insurance companies have experienced considerable downsizing. These changes have made the industry significantly more positive towards SaaS solutions, which are often more cost-efficient and less burdensome on internal IT departments than more traditional models of delivery.
“There’s been a clear shift in the market since the financial crisis. To stay competitive we’ve chosen to collaborate with SunGard, which allows us to offer Hinc, our data warehouse for the financial industry, as a SaaS solution,” says Jonas Olsson, CEO of Graz Sweden AB.
“We’re delighted about our collaboration with Graz,” adds Staffan Johnsson, Key Account Manager at SunGard. “It shows that SunGard’s infrastructure services can live up to the high expectations of Graz’s customers.”
For more information, please contact:
Graz Sweden AB
Jonas Olsson, VD
+46 8 650 34 00, +46 (0) 704 493 006
Chaz Shaw, Head of Sales
+46 8 650 34 00, +46 (0) 704 220 144
SunGard Availability Services (Nordic) AB
Staffan Johansson, Key Account Manager
+46 8 666 32 15, +46 (0) 70 306 63 63
Graz Sweden AB is a data warehouse software provider for the financial industry. The company’s data
warehouse, Hinc, is used by leading investment management organizations for reporting, analysis and
business intelligence. www.graz.se/press_en
SunGard is one of the world’s leading software and technology services companies. SunGard has more
than 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard
provides software and processing solutions for financial services, education and the public sector.
SunGard also provides disaster recovery services, managed IT services, information availability
consulting services and business continuity management software. With annual revenue of about $4.5
billion, SunGard is the largest privately held software and services company and is ranked 480 on the
Fortune 500. Look for us wherever the mission is critical. For more information, visit www.sungard.com.