State Street Announces Strategic Cloud and Infrastructure Solution

State Street Corporation announced that it has engaged both Amazon Web Services (AWS) and Microsoft as strategic providers of cloud and infrastructure solutions in connection with its multi-year technology transformation. State Street is consolidating its current network of segregated data center facilities to a more optimized data center footprint with fit-for-purpose designed and managed facilities. Through this transformation, State Street will modernize and standardize its technology infrastructure, leveraging automation and a combination of private cloud and public cloud capabilities. This hybrid and hyperconverged model combines all the elements of a traditional data center (storage, compute, networking and management) and will allow State Street to host workloads across private or public environments to optimize agility, performance, and scalability. This model will enable accelerated migration and modernization of applications, with the flexibility to accommodate strategic integrations.