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IGM Financial (TSX:IGM) announced new collaboration with Microsoft

Finance
TSX:IGM
31 August 2022 15:00 (EDT)

Source: IGM Financial Inc.

IGM Financial (IGM) announced a new collaboration with Microsoft Canada to modernize its operations and evolve its technology infrastructure.

IGM has chosen Microsoft Azure as a key provider of public cloud services. This will enable IGM’s digital infrastructure strategy, empower the creation of innovative solutions, and provide a trusted and secure foundation for strategic business workloads. This will further enhance IGM’s ongoing digital transformation and commitment to enhancing the employee and client experience.

Mike Dibden, Chief Operating Officer at IGM Financial, commented on the announcement.

“We’re proud to be working with Microsoft. Its industry-leading capabilities in the integration of cloud computing for businesses will assist us in the continued modernization of key infrastructure and business practices. Through this collaboration, we’ll be able to better serve the financial needs of Canadians through increased operational efficiencies and enhanced abilities.”

A secure and compliant cloud platform is an integral part of IGM’s digital infrastructure strategy. For it to offer increased protection to safeguard data privacy and financial assets of IGM Financials customers, with a focus on data confidentiality.

IGM will allocate digital applications and other functions of its technology infrastructure away from physical servers in its current data centre to the Microsoft Azure platform. This will provide efficiencies, scale and flexibility for services related to its core business and support future growth opportunities.

Through this collaboration, IGM will also leverage Microsoft’s extensive suite of training programs and certifications to support and develop top talent at IGM. Operating IGM’s digital infrastructure on Microsoft Azure is also in line with IGM’s ongoing commitment to sustainability.

IGM Financial is one of Canada’s leading diversified wealth and asset management companies. It provides a broad range of financial planning and investment management services to help more than two million Canadians meet their financial goals.

IGM Financial Inc. (IGM) is up 0.48 per cent, trading at C$35.94 per share at 2:32 pm ET.


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