Legal & General extends cloud migration agreement with Kyndryl
London-based financial services group and global investor Legal & General has extended its cloud migration partnership with Kyndryl, the world’s largest IT infrastructure services provider, by seven years.
L&G has extended its partnership with Kyndryl
The extension of the existing long-term partnership between the two entities will seek to accelerate L&G´s technology transformation agenda and support its ongoing transition to a multi-cloud environment.
The deal also includes mainframe optimisation projects, staff augmentation and the implementation of the Kyndryl Bridge.
The partnership was first realised back in 2010, when L&G selected New York-headquartered Kyndryl for its “long history of running complex transformation projects, including mainframe, in the financial services sector and the strength of its alliance partner network”.
The IMB spin-off led a similar transition for Permanent TSB Bank last year.
The new seven-year agreement, which is to last until 31 March 2030, will see Kyndryl continue to transition the hosting of L&G’s IT systems to a new data centre.
The adoption of this data centre is intended to reduce technical debt, simplify architecture and carbon efficiency, and above all, accelerate L&G’s cloud transformation.
The centre has been rated ‘excellent’ by BREEAM’s sustainability assessment framework with a power usage effectiveness (PUE) of 1.2. It is to be powered exclusively by renewable energy sources.
Microsoft and Dell Technologies are to join the project as suppliers and will be supporting L&G as it pursues operational scalability and greater technical and commercial flexibility.
In addition to L&G’s existing use of public cloud services, Kyndryl is to implement a new on-premises Microsoft Azure hybrid cloud platform from Dell, which is to be powered by Azure Stack HCI. This set-up will be “closely coupled” with Kyndryl’s zCloud mainframe with the intention of mitigating potential latency constraints and providing the building blocks for further public cloud migrations.
