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Jefferies to Migrate to AWS Cloud

Jefferies announced that it has entered a four-year agreement with Amazon Web Services (AWS) to further modernize the firm’s technology infrastructure by migrating its information technology (IT) infrastructure to the cloud. According to a story in MarketsMedia news, Jefferies will use AWS as its primary cloud infrastructure provider and move core business systems, internal and customer-facing applications, IT resources, and companywide data to AWS. The collaboration with AWS will significantly improve the speed, quality, and types of digital services that Jefferies can provide to clients and employees, while also enabling substantial development, operational efficiencies, and cost advantages. Jefferies has been working with AWS for several years and is expanding its work with plans to migrate all IT systems and enterprise data over the next four years. The goal is that cloud-native platforms will serve as the foundation for more than 90% of new modernized workloads at the firm.

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