Case Study: Storebrand Asset Management achieves cloud-first finance transformation with Devoteam

Storebrand Asset Management boosts stock price 3-4% with Devoteam

Storebrand Asset Management, a major Norwegian financial firm, was hindered by aging on-premise infrastructure from the 1990s and 2000s, which limited innovation and agility. Partnering with Devoteam, the company sought to modernize its IT to unlock new opportunities and meet evolving customer demands for services like real-time data access.

Devoteam implemented a complete migration to a standardized Microsoft Azure cloud solution using an agile methodology. This transformation made Storebrand the world's first asset management firm on Azure, resulting in a 3-4% overnight stock price increase. The new infrastructure provided precise cost allocation, enabled customers to manipulate their data in real-time, and made it easier to attract tech talent.

Storebrand Asset Management