ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Rackspace Technology Supports Ohio National Chile IT Migration to the Cloud

SAN ANTONIO, March 07, 2023 (GLOBE NEWSWIRE) -- Rackspace Technology® (NASDAQ: RXT), a leading end-to-end, multicloud technology solutions company, announced that supporting Ohio National Chile’s cloud transformation has resulted in accelerated creation of new products, cybersecurity, and cost reduction for the financial services firm. The Chile division of this financial services firm moved its entire core business to the cloud and instantly gained flexibility and the ability to create Virtual Machines (VMs).

Ohio National Chile offers a variety of quality insurance and financial products for individuals, groups, and businesses. The company was founded in Cincinnati, Ohio, with more than 110 years of experience in Life Insurance.

On March 31, 2022, Constellation Insurance Holding acquired Ohio National Chile Financial to maximize growth opportunities in the U.S. and Latin America financial services industry. Constellation's founding investors and partners are Caisse de Dépôt et Location du Québec and the Ontario Teachers' Pension Plan Board, two of the largest institutional investors in North America.

“To continue innovating and providing customers with quality products and services, we needed to migrate to the cloud to accelerate our processes and free up our IT teams. We needed a partner with the experience and knowledge required to migrate from physical architecture to the cloud,” said Gonzalo Gutiérrez, Ohio National Chile Operations and Systems Manager. "Rackspace Technology worked with us to migrate the 'core' of our business to the cloud resulting in a culture change within the company. We stopped thinking about infrastructure as a significant milestone, and it makes us put our heads into improving the business and innovating." 

“Ohio National Chile migrated from its Data Center to the cloud on Amazon Web Services (AWS) with help from Rackspace Technology at the end of 2020. The Rackspace team was instrumental in the cloud migration process and conducted an analysis of the infrastructure and provided an overview of the current state of the company’s IT environment,” said Rodrigo Martineli, VP and General Manager of Rackspace Technology for Latin America. “Our team assessed the specific needs and determined the best strategy and path forward for a successful migration. In addition, Ohio National Chile’s IT team expanded its expertise and gained the speed needed to migrate its entire business core to the cloud.”

Today, Ohio National Chile benefits from faster data-processing times and has cloud access and IT expertise without the cost and responsibility of hiring and retaining in-house experts. Further, Ohio National Chile gained greater visibility into the total cost of its infrastructure.

"We're not a visionary IT company, we're a business-oriented organization, but we know it's not about having a cloud data center. It's about starting to use cloud-native services. That's Ohio National Chile's business vision: consume cloud services and have Rackspace Technology manage the platform. This is a path that makes us better," Gutierrez concluded.

For more details, check out their entire case study here.

About Rackspace Technology

Rackspace 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
Natalie Silva
publicrelations@rackspace.com


Primary Logo

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.