BlackRock and Microsoft Form Strategic Partnership to Host Aladdin on Azure as BlackRock Readies Aladdin for Next Chapter of Innovation
BlackRock, Inc. (BLK)
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Source: Business Wire
Companies also Collaborate on Sustainability Initiatives NEW YORK & REDMOND, Wash.--(BUSINESS WIRE)--BlackRock and Microsoft Corp. have formed a strategic partnership to host BlackRock’s Aladdin infrastructure on the Microsoft Azure cloud platform, bringing enhanced capabilities to BlackRock and its Aladdin clients, which include many of the world’s most sophisticated institutional investors and wealth managers.By adopting Microsoft Azure, BlackRock will both accelerate innovation on Aladdin through greater computing scale and unlock new capabilities to enhance the client experience. BlackRock will also leverage Microsoft Azure’s network of global data centers and capabilities to meet the localized needs of Aladdin clients, all while maintaining Aladdin’s highest standards for resiliency and security.“As both a user and a provider of Aladdin, this decision reflects BlackRock’s ongoing commitment to continuous innovation and scalable operating solutions,” said Rob Goldstein, Chief O
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