Author Topic: Vanguard just sold part of IT division to InfoSys  (Read 1043 times)

BourbonSofia

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Vanguard just sold part of IT division to InfoSys
« on: July 20, 2020, 10:09:00 AM »
This is unprecedented. What do you think?

https://timesofindia.indiatimes.com/business/india-business/infosys-vanguard-deal-value-pegged-at-1-5-billion/articleshow/77057344.cms


1. Better deal for investors?
2. How do see this affecting your investments?
3. According to some of the articles, Infosys has some really good analytics capabilities

seattlecyclone

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Re: Vanguard just sold part of IT division to InfoSys
« Reply #1 on: July 20, 2020, 10:20:09 AM »
What's unprecedented about it? Companies have been shipping IT jobs to cheaper overseas labor for decades. Sometimes it's absolutely the right move. Other times you get what you pay for. Time will tell which one this ends up being for Vanguard.

Paul der Krake

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Re: Vanguard just sold part of IT division to InfoSys
« Reply #2 on: July 20, 2020, 11:25:35 AM »
I assume OP meant "hired", not "sold". Infosys isn't in the business of buying anything.

They have a shitty reputation in tech circles, but I don't know how much of that is warranted. Financial tech also has a shitty reputation in tech circles, so maybe they're a perfect match. Vanguard's IT reputation has never been particularly good.

For customers I expect absolutely nothing to change.

jinga nation

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Re: Vanguard just sold part of IT division to InfoSys
« Reply #3 on: July 20, 2020, 05:38:09 PM »
At the AWS ReInvent 2019 conference, Vanguard had a presentation, where they detailed moving a chunk of their US-based IT infrastructure to AWS in that year.  The plan in 2020 was to move their regional IT back-ends to AWS.

If they've gone significantly to cloud, this means they can leverage a lot of new analytical applications and platforms, AI/ML, etc.

Infosys have significant experience on the cloud side, so it could be Vanguard using them instead of building their own teams to do it.

Vanguard being a financial firm obviously eyes IT as a cost center which should be eliminated.

This is globalization in effect. Perils and all...

 

Wow, a phone plan for fifteen bucks!