Goldman Sachs (GS) is turning to IO, a provider of modular data center technology and services, for data center help across North America, Europe and Asia.
The financial firm has forged a “long-term strategic technology partnership” with IO, which will deploy pre-fabricated servers on Goldman’s behalf at IO’s technology hubs in the U.S., United Kingdom and Singapore, the companies said Wednesday. Goldman also will deploy IO’s hardware and software in its own data processing facilities.
The deal “provides sustainable enhancements to our data center operations," Don Duet, global co-chief operating officer of Goldman’s technology division, said in a news release.
IO’s service will enable Goldman to save on capital infrastructure, conserve energy and cut utility costs, according to the companies. IO, which is based in Phoenix, said it would build and install modular data centers for Goldman within IO data centers.
The arrangement continues a move by banks to private and public cloud computing facilities that can be configured easily in response to business needs.
“You have to realize we’ve been virtualizing our platforms for some time at this point,” Steve Van Wyk, chief information officer of ING, told American Banker in August.