www.rackspace.com
Open in
urlscan Pro
2a02:26f0:6c00:289::35b2
Public Scan
URL:
https://www.rackspace.com/case-studies/fincad
Submission: On July 05 via api from US — Scanned from DE
Submission: On July 05 via api from US — Scanned from DE
Form analysis 2 forms found in the DOM
GET search
<form class="nav__search-inner" method="get" action="search">
<label for="search-text-field" class="nav__search-barIcon">
<img src="/themes/custom/hansel/images/search-icon.svg" loading="lazy" class="nav__search-barImg" alt="Enter Search Criteria">
</label>
<input id="search-text-field" name="q" type="text" class="nav__search-input" placeholder="Search here">
<button type="submit" href="javascript:void(0);" class="nav__search-button">
<span class="nav__search-arrow"></span> Search </button>
</form>POST
<form id="fileUploadForm" enctype="multipart/form-data" method="post" target="fileUploadIframe"><input type="file" id="fileSelector" name="file" style="display: none;"><input name="filename" type="hidden"></form>Text Content
Skip to main content
* Investors
* Call Us
* Marketplace
* US/EN
* Log In & Support
* Solutions
* Cloud Enable cloud adoption and transformation and optimize cloud
strategies
* Applications Deploy cloud native and SaaS solutions to increase efficiency
and reliability
Services
* Application Modernization Eliminate technical debt with modernized
application delivery
* Cloud Native Deliver auto-scaling and hyper-resilient cloud native
applications
* Internet of Things & Edge Design, build and modernize IoT devices and
applications
* Application Operations Operate and optimize your cloud-based
applications
* SaaS Lifecycle Management Deliver high-value, low-complexity
applications
Technology
* Email & Productivity Increase productivity with cloud-based
collaboration tools
* ERP Modernize your ERP solutions on optimized infrastructure
* CRM Advisory, professional and managed services for CRM platforms
* Digital Experience Expertise for your customer experience application
platforms
See All Applications Solutions
Engagement
* Consulting & Advisory Services
* Professional Services
* Managed Services
* Rackspace Fabric™
* Fanatical Experience™
* Data Gain actionable insights with data management, engineering,
intelligence, and powerful AI/ML toolkits
Services
* Data Modernization Streamline your data architecture across modern
cloud data platforms
* Artificial Intelligence & Machine Learning Enhanced analytics powered
by AI/ML
* Analytics & Business Insights Deployment and management of analytics
platforms
* Data Strategy & Governance Protect and govern data assets for better
business outcomes
* Data Management Accelerate database management optimization
Technology
* Databases Design, implement and manage database deployments
* Next-Gen Data Platforms Power next-generation relational database
systems
* Unstructured Data Gain insights from unstructured data to raise revenue
* Analytics Platforms Make confident decisions with modern data analytics
platforms
See All Data Solutions
Engagement
* Consulting & Advisory Services
* Professional Services
* Managed Services
* Rackspace Fabric™
* Fanatical Experience™
* Security Evolve from monitoring to automating, preventing attacks while
maintaining compliance
Services
* Security Strategy Assess posture & build a cyber security strategy
roadmap
* Rackspace Elastic Engineering for Security On-demand access to a pod of
security experts
* Detection & Response Detect and mitigate cloud vulnerabilities quickly
* Advanced Monitoring & Resolution Always-on security technology health
monitoring
Technology
* Cloud Native Security Add expert Security Operations Center services to
your cloud
* Application Security Secure and optimize your web applications
* Zero Trust Provide secure access, anywhere, on any device
* Network Security Protect your infrastructure stack
* Data Protection Protect data loss with compliant data storage solutions
See All Security Solutions
Engagement
* Consulting & Advisory Services
* Professional Services
* Managed Services
* Rackspace Fabric™
* Fanatical Experience™
Services
* Cloud Adoption and Migration Customized cloud migrations with an
automation and cloud native focus
* Rackspace Elastic Engineering for Hyperscalers Continuously manage and
evolve your environment to cloud native
* Rackspace Elastic Engineering for VMware Modernize your workloads on
VMware without disruption to platform and team
* Cloud Optimization Ongoing optimization to ensure the most cost-effective
architecture
* Onica by Rackspace Technology Accelerate your cloud journey with deep AWS
expertise
Technology
* Multicloud Reduced hybrid & multicloud platform complexity
* Public Cloud Migration, management and governance across leading cloud
platforms
* Private Cloud Secured and dedicated private cloud platforms
See All Cloud Solutions
Engagement
* Consulting & Advisory Services
* Professional Services
* Managed Services
* Rackspace Fabric™
* Fanatical Experience™
* Platforms
* Cloud Enable cloud adoption and transformation across leading cloud
platforms
* Applications Deploy cloud native and SaaS solutions across application
platforms
Collaboration
* Microsoft Exchange
* Microsoft Office 365
* Rackspace Email
* Microsoft SharePoint
CRM & ERP
* Microsoft Dynamics 365
* Oracle
* SAP
Digital Experience
* Adobe Experience Manager
* Sitecore
See All Application Platforms
Solve: Thought Leadership
Read about the best practices for managing applications.
Read More
* Data Analyze and modernize your data across traditional and next-gen
database platforms
Next-Gen Data Platforms
* AWS Data
* Google Cloud Data
* Microsoft Azure Data
Databases
* Relational Databases Oracle, MS SQL, mySQL
* ObjectRocket DBaaS
* noSQL MongoDB, Elasticsearch, Redis clusters
Analytics
* Data Lakes
* BI
* Data Warehouses
* Big Data
See All Data Platforms
Solve: Thought Leadership
Learn how to harvest your own insights from your data.
Read More
* Security Compliance and security for your environment across cloud
platforms
* Multicloud Security Monitor workloads across clouds, apps & data
centers
* On-Premises Security Securing any environment, any application, and any
cloud around the clock
* Cloud Native Security Expert services to reinforce the security of your
cloud applications and data
See All Security Solutions
Solve: Thought Leadership
Read about the latest trends to help you stay ahead of cybercriminals.
Read More
Partner Platforms
* Amazon Web Services
* Google Cloud
* Kubernetes
* Microsoft Azure
* Oracle Cloud Infrastructure
* VMware
Rackspace Technology Platforms
* Managed Hosting
* Colocation
* OpenStack Private Cloud
* Rackspace Government Cloud
* RackConnect Global
See All Cloud Platforms
Industry Report
2021 ISG Provider Lens Public Cloud – Services & Solutions Quadrant Report
Read More
* Industries
Industries
Our experts know your industry, and they know the challenges you’re facing.
We deliver customized solutions to help solve these challenges every day.
* Financial Services
* Government
* Healthcare
* Manufacturing
* Non-Profit
* Education
* SaaS & ISV
* Consumer Goods
* Oil & Gas
* Media & Entertainment
* Automotive & Transportation
* Food & Beverage
* Travel & Hospitality
* Retail
* Public Utilities
Industry Report
2021 ISG Provider Lens Public Cloud – Services & Solutions Quadrant Report
Read More
* RESOURCES
* Latest Insights Discover perspectives from industry experts around digital
transformation and trends
* Customer Success Hear what our customers have to say and find the support
you need
* Customer Stories
* Product Documentation
* Knowledgebase
* Support Portal
Case Study
Read how Grupo Milenio achieved their digital transformation on AWS
See the Case Studies
Solve: Thought Leadership
To Build or to Buy?
Solve: Thought Leadership
Blogs
How Azure Data Services Help Your Business Innovate Faster and Smarter
Read Blog
Podcasts
From Chatbots to Alexa: The Evolution of Natural Language Processing
Listen Podcast
* About
About Us
We advise, design, build and manage solutions across the multicloud,
applications, data and security
About The Company
* Why Rackspace Technology
* About Us
* Leadership
* Investors
* Global Infrastructure
* Corporate Responsibility
* Legal Information
* Strategic Partnerships
* Global Partner Program
Culture
* Company Culture
* Events
Newsroom
* Press Releases
* Media Kit
Join the team! Careers at Rackspace
Search
Contact Us Toggle Mobile Menu
* Solutions
* Cloud
* Cloud Adoption and Migration
* Rackspace Elastic Engineering for Hyperscalers
* Rackspace Elastic Engineering for VMware
* Cloud Optimization
* Onica by Rackspace Technology
* Multicloud
* Public Cloud
* Private Cloud
* Consulting & Advisory Services
* Professional Services
* Managed Services
* Rackspace Fabric™
* Fanatical Experience™
* Applications
* Application Modernization
* Cloud Native
* Internet of Things & Edge
* Application Operations
* SaaS Lifecycle Management
* Email & Productivity
* ERP
* CRM
* Digital Experience
* Consulting & Advisory Services
* Professional Services
* Managed Services
* Rackspace Fabric™
* Fanatical Experience™
* Data
* Data Modernization
* Artificial Intelligence & Machine Learning
* Analytics & Business Insights
* Data Strategy & Governance
* Data Management
* Databases
* Next-Gen Data Platforms
* Unstructured Data
* Analytics Platforms
* Consulting & Advisory Services
* Professional Services
* Managed Services
* Rackspace Fabric™
* Fanatical Experience™
* Security
* Security Strategy
* Rackspace Elastic Engineering for Security
* Detection & Response
* Advanced Monitoring & Resolution
* Cloud Native Security
* Application Security
* Zero Trust
* Network Security
* Data Protection
* Consulting & Advisory Services
* Professional Services
* Managed Services
* Rackspace Fabric™
* Fanatical Experience™
* Platforms
* Cloud
* Amazon Web Services
* Google Cloud
* Kubernetes
* Microsoft Azure
* Oracle Cloud Infrastructure
* VMware
* Managed Hosting
* Colocation
* OpenStack Private Cloud
* Rackspace Government Cloud
* RackConnect Global
* Applications
* Microsoft Exchange
* Microsoft Office 365
* Rackspace Email
* Microsoft SharePoint
* Microsoft Dynamics 365
* Oracle
* SAP
* Adobe Experience Manager
* Sitecore
* Data
* AWS Data
* Google Cloud Data
* Microsoft Azure Data
* Relational Databases
* ObjectRocket DBaaS
* noSQL
* Data Lakes
* BI
* Data Warehouses
* Big Data
* Security
* Multicloud Security
* On-Premises Security
* Cloud Native Security
* Industries
* Financial Services
* Government
* Healthcare
* Manufacturing
* Non-Profit
* Education
* SaaS & ISV
* Consumer Goods
* Oil & Gas
* Media & Entertainment
* Automotive & Transportation
* Food & Beverage
* Travel & Hospitality
* Retail
* Public Utilities
* Insights
* Latest Insights
* Solve: Thought Leadership
* Read Blog
* Listen Podcast
* Customer Success
* Customer Stories
* Product Documentation
* Knowledgebase
* Support Portal
* About
* Why Rackspace Technology
* About Us
* Leadership
* Investors
* Global Infrastructure
* Corporate Responsibility
* Legal Information
* Strategic Partnerships
* Global Partner Program
* Company Culture
* Events
* Press Releases
* Media Kit
* US/EN
* Log in & Support
* Investors
* Marketplace
* Call Us
* Contact Us
* Case Studies
* FINCAD
FINCAD CASHES IN ON APPLICATION MODERNIZATION
ONICA (A RACKSPACE TECHNOLOGY COMPANY) HELPED FINCAD MIGRATE ITS LEGACY
APPLICATION TO AWS FOR BETTER PERFORMANCE, MORE AUTOMATION AND STREAMLINED
MANAGEMENT.
Industry Financial Services Challenge
To improve performance and reduce manual management, FINCAD wanted to modernize
its legacy web application and move it to the cloud but needed technical
assistance and training to meet the timeline.
Solutions Cloud, Public Cloud Platforms Cloud, Amazon Web Services (AWS)
OUR CUSTOMER
FINCAD, a Canadian financial services company, builds software designed to value
financial derivatives. It serves both retail and institutional investors,
including banks, insurance companies and hedge funds. FINCAD’s software helps
investors make informed investment decisions with on-demand calculation and
analysis of derivatives, alternative reference rates and pricing verifications.
APPLICATION MODERNIZATION REDUCES DATA CENTER BURDENS
As a financial services company, FINCAD is subject to stringent compliance
regulations and, to be successful, it needs to crunch multiple data streams
quickly, securely and accurately. The company valuation system, Insight, was a
legacy web application with a traditional database, app server and web server
that’s been in use since 2000.
The application lived in a data center where power and cooling were provided,
but the management of the system and backups still fell on the FINCAD team.
Facing end of life for some of its infrastructure and looking to end its
dependence on a physical data center, FINCAD took the opportunity to modernize
and move the application to the AWS cloud. This would allow it to run on more
performant hardware, modernize the application and integrate automation to
streamline management. FINCAD engaged with Onica (a Rackspace Technology
company) for support and guidance through the migration.
> “With COVID-19, our team was working from home in different geographical areas
> and having these training modules available to get us up and running really
> eased the transition.”
Timothy Lee, Head of Support and Hosted Applications Operations, FINCAD
MIGRATION PLANNING UNCOVERS DEEPER NEEDS
The initial engagement focused on the migration. FINCAD set an aggressive
completion date that was driven by contractual and industry factors. If it
couldn’t make the move before the annual blackout period, FINCAD would be forced
to sign another data center contract and further delay its transition. However,
after a comprehensive discovery session, it was determined that more than a lift
and shift was needed to address gaps in performance, security, compliance and
disaster recovery.
Previously, the team had to manually configure servers, a lengthy process that’s
prone to human error. Onica transitioned the application to an
infrastructure-as-code setup with an automated CI/CD pipeline. To further reduce
risk and ensure adherence to stringent FinServ compliance mandates, Onica worked
with FINCAD to integrate automation around security, testing, monitoring,
compliance and disaster recovery. In addition to monitoring and alerting to any
suspicious activity or compliance violations, its environment also has
pre-defined instructions on how to react to certain events. Applying
cross-platform expertise, the Onica team also advised FINCAD on the most
efficient way to manage its mission-critical Microsoft SQL instances in a
modernized environment.
In a matter of months, the application was migrated to AWS. FINCAD was able to
exit the data center, avoid signing a new data center contract and complete the
transition before the end-of-year blackout period. Currently running in a hybrid
environment, FINCAD is using the technology and knowledge gained from its Onica
engagement to move more elements to the cloud.
THE VALUE OF FANATICAL EXPERIENCE
Providing a Fanatical Experience® is more than just technical execution; it’s
setting customers up for success. Though FINCAD engaged with us for migration
assistance, the Onica team dug deeper to help it simplify workflows and apply
security, compliance and disaster recovery best practices. Beyond the technical
aspects of moving the application to the cloud, Onica provided in-depth training
to FINCAD, as well.
The project kicked off during the COVID-19 pandemic, making it impossible to do
traditional, in-person training. To lay the foundation for success, the Onica
team developed customized training modules to help ensure that FINCAD could
manage and optimize its AWS environment after the project handoff. The in-depth
training on GitLab, Terraform, Systems Manager Agent (SSM) and other tools
included documentation, live virtual sessions and on-demand videos. “With
COVID-19, our team was working from home in different geographical areas, and
having these training modules available to get us up and running really eased
the transition,” recalled Timothy Lee, Head of Support and Hosted Application
Operations at FINCAD.
The Onica team not only managed the migration and provided training, but it also
helped FINCAD uncover an appropriate incentive program for the project that
resulted in further cost savings. “We never realized the amount of support that
we could get from AWS,” Lee shared. Onica’s deep knowledge of AWS from both a
technical and business perspective, helped FINCAD reduce the project’s overall
complexity and costs.
MODERNIZATION YIELDS DRAMATIC IMPROVEMENTS
Taking an outcome-based, customer-focused approach, Onica delivered FINCAD the
technical assistance it needed migrate and modernize its application, along with
the tools and training required to manage and grow its environment into the
future. “It was equally a technology implementation and a knowledge transfer,”
Lee explained.
The new environment, infused with automation and built on a modernized
infrastructure, reduces errors, increases productivity and cuts costs for the
FINCAD IT team. The move has also provided a measurable improvement for its
users. According to Lee, “We measured valuations and they’re running about six
times faster now.”
> FINCAD has improved the speed of its processes with valuations now running six
> times faster.
About Rackspace Technology
Rackspace Technology is a leading end-to-end multi-cloud 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.
LET’S TALK STRATEGY
Tell us a little about your challenges and we’ll contact you.
* About
* Support Portal
* Careers
* Investors
* Contact Us
*
*
*
*
--------------------------------------------------------------------------------
Consulting & Advisory Services
* Multicloud Strategy
* Data Modernization
* Cloud Security
Professional Services
* Cloud Adoption & Migration
* Cloud Native Enablement
* Application Modernization
Managed Services
* Elastic Engineering
* SaaS Lifecycle Management
* Data Management
Quick Links
* Cloud Library
--------------------------------------------------------------------------------
© 2022 Rackspace Technology
* Trademarks
* Terms
* Legal Info
* Privacy Center
* Responsibility
* Sitemap
*
×
You are using an outdated browser and are receiving a degraded experience.
Please switch to the latest version of Microsoft Edge, Mozilla Firefox, Safari
or Google Chrome. [Dismiss]
Back to Top
WE CARE ABOUT YOUR PRIVACY
We and our partners store and/or access information on a device, such as unique
IDs in cookies to process personal data. You may accept or manage your choices
by clicking below or at any time in the privacy policy page. These choices will
be signaled to our partners and will not affect browsing data.
WE AND OUR PARTNERS PROCESS DATA TO PROVIDE:
Use precise geolocation data. Actively scan device characteristics for
identification. Store and/or access information on a device. Personalised ads
and content, ad and content measurement, audience insights and product
development. List of Partners (vendors)
I Accept Reject All Show Purposes
ABOUT YOUR PRIVACY
We process your data to deliver content or advertisements and measure the
delivery of such content or advertisements to extract insights about our
website. We share this information with our partners on the basis of consent.
You may exercise your right to consent, based on a specific purpose below or at
a partner level in the link under each purpose. These choices will be signaled
to our vendors participating in the Transparency and Consent Framework.
More information
Allow All
MANAGE CONSENT PREFERENCES
FUNCTIONAL COOKIES
Functional Cookies
These cookies enable the website to provide enhanced functionality and
personalisation. They may be set by us or by third party providers whose
services we have added to our pages. If you do not allow these cookies then some
or all of these services may not function properly.
TARGETING COOKIES
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may
be used by those companies to build a profile of your interests and show you
relevant adverts on other sites. They do not store directly personal
information, but are based on uniquely identifying your browser and internet
device. If you do not allow these cookies, you will experience less targeted
advertising.
STRICTLY NECESSARY COOKIES
Always Active
These cookies are necessary for the website to function and cannot be switched
off in our systems. They are usually only set in response to actions made by you
which amount to a request for services, such as setting your privacy
preferences, logging in or filling in forms. You can set your browser to block
or alert you about these cookies, but some parts of the site will not then work.
These cookies do not store any personally identifiable information.
PERFORMANCE COOKIES
Performance Cookies
These cookies allow us to count visits and traffic sources so we can measure and
improve the performance of our site. They help us to know which pages are the
most and least popular and see how visitors move around the site. All
information these cookies collect is aggregated and therefore anonymous. If you
do not allow these cookies we will not know when you have visited our site, and
will not be able to monitor its performance.
STORE AND/OR ACCESS INFORMATION ON A DEVICE
Store and/or access information on a device
Cookies, device identifiers, or other information can be stored or accessed on
your device for the purposes presented to you.
List of IAB Vendors | View Full Legal Text Opens in a new Tab
PERSONALISED ADS AND CONTENT, AD AND CONTENT MEASUREMENT, AUDIENCE INSIGHTS AND
PRODUCT DEVELOPMENT
Personalised ads and content, ad and content measurement, audience insights and
product development
* SELECT BASIC ADS
Switch Label
Ads can be shown to you based on the content you’re viewing, the app you’re
using, your approximate location, or your device type.
* CREATE A PERSONALISED ADS PROFILE
Switch Label
A profile can be built about you and your interests to show you personalised
ads that are relevant to you.
* SELECT PERSONALISED ADS
Switch Label
Personalised ads can be shown to you based on a profile about you.
* CREATE A PERSONALISED CONTENT PROFILE
Switch Label
A profile can be built about you and your interests to show you personalised
content that is relevant to you.
* SELECT PERSONALISED CONTENT
Switch Label
Personalised content can be shown to you based on a profile about you.
* MEASURE AD PERFORMANCE
Switch Label
The performance and effectiveness of ads that you see or interact with can be
measured.
* MEASURE CONTENT PERFORMANCE
Switch Label
The performance and effectiveness of content that you see or interact with
can be measured.
* APPLY MARKET RESEARCH TO GENERATE AUDIENCE INSIGHTS
Switch Label
Market research can be used to learn more about the audiences who visit
sites/apps and view ads.
* DEVELOP AND IMPROVE PRODUCTS
Switch Label
Your data can be used to improve existing systems and software, and to
develop new products
List of IAB Vendors | View Full Legal Text Opens in a new Tab
USE PRECISE GEOLOCATION DATA
Use precise geolocation data
Your precise geolocation data can be used in support of one or more purposes.
This means your location can be accurate to within several meters.
List of IAB Vendors | View Full Legal Text Opens in a new Tab
ACTIVELY SCAN DEVICE CHARACTERISTICS FOR IDENTIFICATION
Actively scan device characteristics for identification
Your device can be identified based on a scan of your device's unique
combination of characteristics.
List of IAB Vendors | View Full Legal Text Opens in a new Tab
ENSURE SECURITY, PREVENT FRAUD, AND DEBUG
Always Active
Your data can be used to monitor for and prevent fraudulent activity, and ensure
systems and processes work properly and securely.
List of IAB Vendors | View Full Legal Text Opens in a new Tab
TECHNICALLY DELIVER ADS OR CONTENT
Always Active
Your device can receive and send information that allows you to see and interact
with ads and content.
List of IAB Vendors | View Full Legal Text Opens in a new Tab
MATCH AND COMBINE OFFLINE DATA SOURCES
Always Active
Data from offline data sources can be combined with your online activity in
support of one or more purposes
List of IAB Vendors | View Full Legal Text Opens in a new Tab
LINK DIFFERENT DEVICES
Always Active
Different devices can be determined as belonging to you or your household in
support of one or more of purposes.
List of IAB Vendors | View Full Legal Text Opens in a new Tab
RECEIVE AND USE AUTOMATICALLY-SENT DEVICE CHARACTERISTICS FOR IDENTIFICATION
Always Active
Your device might be distinguished from other devices based on information it
automatically sends, such as IP address or browser type.
List of IAB Vendors | View Full Legal Text Opens in a new Tab
Back Button
PERFORMANCE COOKIES
Search Icon
Filter Icon
Clear
checkbox label label
Apply Cancel
Consent Leg.Interest
checkbox label label
checkbox label label
checkbox label label
Reject All Confirm My Choices
Live chat:Live Chat