Rackspace Technology Cloud Services Enables Early Adoption of AWS Cloud Services for Precia to innovate and Spearhead Valuation Methodologies
August 31 2022 - 9:05AM
Rackspace Technology® (NASDAQ: RXT), a leading end-to-end
multicloud technology solutions company, announced it has enabled
early adoption of AWS cloud services for Precia, a regional
provider of valuation solutions and financial portfolio management,
by innovating and spearheading the adoption of the AWS cloud
services.
Precia, a subsidiary of the Colombian Stock Exchange, provides
regional valuation and management solutions for financial
portfolios. Its goal is to develop and operate fair-value
calculation methodologies for all instruments on the balance sheet
of financial sector entities, including fixed-income securities,
equities, derivatives, structured products, companies that aren’t
listed on the stock exchange and other assets.
Precia began analyzing market options, and IT analyst reports in
2014 and chose AWS cloud services for its infrastructure and quick
deployment capabilities. Rackspace Technology became an extension
of Precia's technology team and offered continuous feedback,
leading to quick and efficient results without any downtime via AWS
Managed Services.
“By partnering with Rackspace Technology, Precia has achieved a
leading position in its industry via the AWS platform,” said Jeff
DeVerter, Rackspace Technology Chief Technology Evangelist. “Thanks
to increased response times, speed has become a new product by
itself, which has allowed Precia to be more agile when responding
to customer needs.”
Precia has earned the distinction of being the first company in
the Colombian financial market to migrate workloads to the cloud
and secured its place as an organization that’s able to contribute
to the stability of Columbia’s financial system.
"Rackspace Technology has proven to be the partner that truly
has the knowledge and support to handle the biggest issues. They
know how cloud technology works and have the partnerships and
expertise to make it a reality,” said Juan Manuel Quintero, CEO of
Precia. “By incorporating Rackspace Technology as its ally, Precia
is more than looking for new infrastructure: it is looking for a
way to do things differently. With better response times achieved,
speed has become a new product, allowing them to be more agile in
responding to clients' needs as part of the innovation
process.”
Click here for the PRECIA case study.
About Rackspace TechnologyRackspace Technology
is a leading end-to-end multicloud technology services company. We
can design, build and operate our customers’ cloud environments
across all major technology platforms, irrespective of technology
stack or deployment model. We partner with our customers at every
stage of their cloud journey, enabling them to modernize
applications, build new products and adopt innovative
technologies.
Media Contact Casey Shilling
publicrelations@rackspace.com
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