Melbourne-based cloud service provider, RedBear IT, has recently inked deals with three superannuation companies in Australia to transform their businesses and improve their business outcomes via cloud deployments.
RedBear IT managing director, Doug Woodford, told ARN that the company is increasing its play in the financial services space as companies in the space are now beginning to understand and accept the benefits of cloud.
“Financial services are super conservative and are highly regulated, so compliance is important. As such, a fundamental shift in these businesses starting to adopt cloud services types of activities is important that they get it right,” he said.
“On the financial services side, we’re helping these superannuation companies plan and migrate to cloud technologies.”
Further details on the deployments could not be provided at this stage.
The company, which has Amazon Web Services (AWS) as its primary vendor, also has SumoLogic, New Relic, Microsoft and a few other vendors under its umbrella.
RedBear IT was founded in 2011, and in the six years that it has been in operation, has pocketed traditional corporate and public sector customers such as Mazda Corporation, Mazda Australia, ME Bank, ServiceStream, Dairy Australia, and Hanes Brands (Playtex), as well as SaaS based customers such as Think Procurement, RateMyAgent, and VidVersity.
The business started off as a data management, professional services, and storage application delivery focused company but has since grown into one that has a modern approach to the business of IT and is working at the forefront of cloud services in Australia.
“We were not in the cloud business and the deployment with ME Bank was the start of our partnership with AWS and marked our move into the cloud. I was surprised because it was very different to what we now know as traditional IT; and this was early in the adoption of cloud.
“That was the pivot for us to turn RedBear IT into the business it is today. We liked what he heard and saw with AWS and wanted to be a part of that. But, the general business population took a while to get on board with cloud because many thought it was a fad that would pass but it didn’t,” Woodford said.
The company, which delivers services across A/NZ, will primarily maintain its focus on the financial services space, including banking, superannuation, financial services, insurance, and FinTech – going forward.
According to Woodford, the partner has chosen to specialise in this particular vertical from the successes it has seen in the space thus far.
“We’re already there and we’ve done a lot of work in this space so it only makes sense for us to continue down this path. It also gives our clients great comfort in understanding that we know cloud and financial services. It’s baked into our DNA,” he mentioned.
Some of its other vertical play includes government, automotive, and utilities.
“It’s a space that we excel in and we’re starting to roll out some managed services, security operations, AWS migration, cloud migration, and big data and analytics in that space. We’re all about being a cloud native thinking partner.”
Woodford also stated that going forward, the company has managed services evolution in its pipeline.
“We’ll continually now evolve our managed services piece. We’re making managed services for cloud something that fits and we’re offering it as pieces of a puzzle – so, fit for purpose. One of the first few things we’ll be doing is running SumoLogic as a managed service for cloud.
“As more clients migrate to cloud, we’ll have more offerings in that space,” he added.
As for technologies, analytics, IoT, and big data are on its hit list.
“It’s no longer about ‘what and if cloud’; it’s now about ‘when cloud’ for our clients. These technologies provide us with more opportunities and we’ve got a watching eye on it at the moment. It also folds in well into our business transformation and innovation strategy,” he said.