Published: December 29, 2009
TPG Software Announces Scalable Investment Accounting Version of Portfolio Genius Deployed via Cloud Computing (Amazon EC2) on Amazon Web Services Platform
HOUSTON - (BUSINESS WIRE) - TPG Software is announcing that each of our software systems may be
deployed via cloud computing solution through Amazon Web Services'
Amazon Elastic Compute Cloud (Amazon EC2), providing a secure SAS70
Type II Audit environment.
Users who license TPG's software solutions may now use them over the
internet as an "on demand" service through a subscription to Amazon Web
Services, removing the need to purchase application servers and provide
internal IT support. This can benefit those companies who are seeking an
Application Service Provider (ASP) or Software as a Service (SaaS)
solution rather than housing the application and maintaining the
database onsite.
Slavek Rotkiewicz, President and Chief Technology Officer of TPG
Software, said, "TPG Software recognizes the inherent benefits to cloud
computing, which provides the technology and tools to those clients that
are looking for another solution to run their software applications.
Cloud computing eliminates the need for up front capital expenditure for
hardware, software, or IT costs. After evaluating our options, TPG
decided to provide this alternative solution through Amazon Web Services
Amazon EC2. This new delivery method will enable financial institutions
to comply with new regulatory and accounting standards (IFRS)
as well as Other-Than-Temporarily
Impaired (OTTI) Assets Accounting rapidly and cost-effectively." For
more information about Amazon Web Services, please visit Amazon
Web Services.
About TPG Software
TPG Software is a leading software solutions provider for institutional
investors including banks, thrifts, credit unions, REITs, and
broker/dealers throughout the United States, Canada, and Puerto Rico.
For more information about TPG, please visit tpgsoftware.com.
TPG Software, Inc.
Vice President, Sales
Cory Sokoloski,
303-741-0325
cory.sokoloski@tpgsoftware.com
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