Effective IT operations are critical to enterprises in the private equity industry. Suboptimal technology can lead to higher costs, reporting and compliance challenges, and poor execution of business strategy. Here is how Mindtree helped.
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Transformed IT function through managed services for a leading private equity enterprise.
1. Transformed IT function through managed
services for a leading private equity enterprise.
Effective IT operations are critical to enterprises in the private equity
industry. Suboptimal technology can lead to higher costs, reporting and
compliance challenges, and poor execution of business strategy.
Here is how Mindtree helped a leading private equity enterprise
leverage managed IT services to meet its business challenges; and prepare
for an approaching public listing.
The challenge
The customer's IT function was highly dependent on shared services
operated by a global IT services company. The arrangement provided the
customer with suboptimal levels of service and responsiveness.
Challenges included:
Lack of business alignment
High response time due to the lack of a dedicated team for managing
global infrastructure
Poor collaboration and absence of an efficient configuration
management process
High use of legacy technologies that led to high costs and effort
Moreover, the customer was planning a public offering, which required
support from the IT function for compliance with regulations such as
the Sarbanes-Oxley Act (SOX). The enterprise was therefore looking for
greater support from their IT function and a managed services partner who
could transform their technology environment.
They required:
Support for business growth and future compliance requirements
Highly efficient IT monitoring & management with 99.9% systems
and applications availability
Continuous improvement for progressively better business alignment
An expert who could manage other vendors alongside
delivering services
To reduce the use of legacy technology
Business impact
100% compliance with SOX and
Financial Industry Regulatory
Authority regulations
Business enablement by allowing
the customer to focus on their
core business
Business continuity through 99.9%
uptime for servers and applications;
and seamless integration of applica-
tions arising from customer
acquisitions
30% reduction in hosting center
costs through consolidation and
virtualization of core infrastructure