logo
CareSuper Opts for Major Azure Cloud Shift

CareSuper Opts for Major Azure Cloud Shift

Arabian Post5 days ago
Australian super fund CareSuper has chosen Macquarie Cloud Services to migrate its entire VMware Cloud on AWS infrastructure—including hundreds of applications and petabytes of member data—to Microsoft Azure. The fund, which manages over AUD 57 billion for more than 573,000 members, has engaged Macquarie to modernise its databases, implement platform‑as‑a‑service solutions and consolidate workloads into a new Azure landing zone.
This high‑stakes move follows a wave of 'repatriation from AWS' driven by increasing costs and architectural constraints. Macquarie's head of Azure, Naran McClung, describes the strategy as more than simply 'moving away' from AWS—it's about 'moving forward', delivering a future‑ready platform aligned with long-term operational goals.
CareSuper's chief technology officer, Simon Reiter, emphasises the transformation is designed to optimise operations and deliver sustainable value, not just immediate savings. He notes decisions must serve members 'not just today, but five years from now', and asserts Macquarie's combined delivery and managed service capabilities were a crucial factor.
ADVERTISEMENT
Macquarie Cloud Services has agreed to assume full risk for the migration, committing to zero upfront cost for CareSuper and taking accountability for the success of the project. The full risk model underscores the vendor's confidence and aligns incentives around outcomes and operational maturity.
A central feature of the engagement is Macquarie's Microsoft Azure Expert Managed Services Provider status, held for four consecutive years—a distinction shared by only a few providers in the Asia‑Pacific region. McClung highlights that the Azure team has grown by approximately 20 percent annually since 2020, underscoring both internal investment and evolving client needs.
Regulatory, security and efficiency trends are reshaping superannuation technology strategies. Larger cloud providers increasingly offer edge and localised zones to meet data sovereignty demands. Azure's strengths in compliance for industries such as finance and superannuation, particularly in Australia, likely influenced CareSuper's decision.
Operationally, the project spans beyond straightforward lift‑and‑shift migration. Macquarie will modernise databases for cloud-native performance, leverage PaaS services to reduce complexity, and deploy edge‑local Azure offerings to lower latency and enhance local resilience.
Industry analysts view Macquarie's risk‑assumption model as a possible new benchmark. Aligning provider incentives more closely with client outcomes may foster improved delivery and tighter project governance. However, terms must be carefully structured to prevent scope reductions or quality compromise, and to ensure future cost structures are transparent.
Strategically, Azure's hybrid cloud and edge capabilities offer super funds a path to innovation—supporting machine learning, real‑time analytics and next-generation services. Macquarie's role extends to delivering 24/7 support, governance, security monitoring and roadmap guidance, enabling CareSuper to focus on member‑centric developments rather than infrastructure upkeep.
Some super funds remain cautious, weighing dependency on single hyperscalers against sovereign and security concerns. Hybrid cloud architectures and managed service partners like Macquarie aim to provide a middle ground: the agility of the cloud, localised resilience, and expert oversight by a domestic provider.
The migration, covering hundreds of applications and petabytes of data, presents a significant technical challenge. Successful execution will hinge on rigorous discovery, workload mapping, integration planning and real‑time adaptation—capabilities Macquarie claims to possess.
This pivot to Azure is emblematic of broader Australian enterprise trends. Cost management, customisation limits and lock‑in risks have prompted organisations to reassess their AWS investments. A pivot to hybrid Azure landscapes, combined with domestic partners, is emerging as a strategic alternative.
CareSuper and Macquarie plan a phased migration commencing immediately, designed to minimise disruption while transitioning over months. The fund expects operational efficiencies, increased agility and stronger compliance assurance once the modernised cloud environment is fully in production.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Snowflake Appoints Chris Niederman As Senior VP Of Alliances & Channels
Snowflake Appoints Chris Niederman As Senior VP Of Alliances & Channels

Channel Post MEA

timea day ago

  • Channel Post MEA

Snowflake Appoints Chris Niederman As Senior VP Of Alliances & Channels

Snowflake has announced Chris Niederman as Senior Vice President of Alliances & Channels, starting July 21, 2025. Niederman will be responsible for leading the Snowflake global channel and partner ecosystem, and driving growth and collaboration through the Snowflake AI Data Cloud to empower every enterprise to achieve its full potential through data and AI. 'At the heart of the AI Data Cloud, the Snowflake partner ecosystem is accelerating innovation and delivering critical value to our 11,000+ global customers,' said Mike Gannon, CRO, Snowflake. 'Chris's unparalleled experience pioneering partner-led growth for major industry players is a game-changer. I'm incredibly excited to aggressively scale Snowflake's business via this ecosystem, and thrilled Chris's leadership will propel our alliances and channels program to its next phase of exponential growth.' The Snowflake Partner Network is a rapidly expanding ecosystem of over 12,000 global partners, including leading cloud providers, technology innovators, and system integrators. This network is instrumental in empowering organizations to maximize the value of the Snowflake AI Data Cloud, offering a diverse range of integrated solutions, expert services, and industry-specific solutions. The Snowflake Partner Network plays a critical role in accelerating customer success, modernizing data architectures, driving AI adoption, facilitating secure data collaboration, and monetization. The organizations that make up this network are a cornerstone of Snowflake's growth, fostering co-innovation and driving adoption of the Snowflake AI Data Cloud. 'Throughout my career, I've seen how a thriving partner ecosystem and partner-led growth directly impact customer success,' said Niederman. 'Snowflake's partners are at the forefront of innovation, extending the power of the AI Data Cloud and enabling our joint customers to unlock maximum value from their data and drive business outcomes. I look forward to getting to work, meeting our partners and customers in the field, and deepening these critical relationships to accelerate our joint successes.' Niederman joins Snowflake with more than 30 years of technology experience of building and scaling partnership organizations that drive enterprise transformation. Prior to joining Snowflake, he spent 11 years at Amazon Web Services (AWS), most recently serving as Managing Director of the AWS Industries and Solutions team, leading the organization responsible for AWS's worldwide partner strategy and industry transformation initiatives. At AWS, Niederman built the Global Systems Integrators business from inception to a $10 billion dollar annual run rate. Niederman has also held partner sales positions at VMware, where he created the company's first National Partner Sales team, and holds an MBA with concentration in Finance and Marketing from the University of Chicago Booth School of Business.

Dollar rises after Trump unveils new tariffs; bitcoin at record
Dollar rises after Trump unveils new tariffs; bitcoin at record

Al Etihad

timea day ago

  • Al Etihad

Dollar rises after Trump unveils new tariffs; bitcoin at record

11 July 2025 11:58 SINGAPORE (Reuters) The US dollar rose on Friday, fuelled by upheavals in the global trade landscape, as US President Donald Trump announced more import tariffs, ranging from 35% on neighbouring Canada to plans for blanket levies of 15% or 20% on most trade currencies initially held in tight ranges in early Asian trade, though the dollar gained ground later after Trump's latest comments boosted uncertainty over his evolving trade Canadian dollar was down 0.27% at C$1.3693, following a knee-jerk fall of more than 0.5% after Trump unveiled a tariff rate of 35% on imports from the neighbour, starting August European Union could receive a letter on tariff rates by Friday, Trump said the day before, throwing into question the progress of the bloc's trade talks with euro fell 0.2% to $1.1682, heading for a weekly decline of about 0.9%.The risk-sensitive Australian dollar also slipped 0.11% to $0.6581 as the market mood President Luiz Inacio Lula da Silva said he sought a diplomatic solution to Trump's threat of 50% tariffs on the country, but vowed to reciprocate like-for-like if they take effect on August Brazilian real was little changed at 5.5321 per dollar, though set to lose 2% on the week for its steepest such decline in nearly five sterling was down 0.16% at $1.3558 and was set to lose more than 0.6% on the New Zealand dollar fell 0.34% to $0.6015 and the yen slid 0.44% to 146.91 a Japanese currency was headed for a weekly decline of roughly 1.6%, after Trump slapped tariffs of 25% on Tokyo this the market reaction to Trump's slew of new tariffs has been largely muted compared to April's manic sell-off after "Liberation Day", investors remain on tenterhooks about global trade and whether the August 1 deadline is in turn has supported the dollar, which was up 0.2% against a basket of currencies at 97.79, and set to end the week with a gain of 0.8%.In cryptocurrencies, bitcoin scaled yet another record high of $117,685.96, driven partly by demand from institutional investors."The ... new record reflects the resilience of global risk appetite even in the face of Trump tariffs, as well as high optimism over US legislative proposals," said DBS FX and credit strategist Chang Wei was referring to measures the US House is set to advance in its upcoming 'Crypto Week'. Ether similarly jumped more than 6% to a five-month high of $3,017.81. Stock Markets Continue full coverage

Stonepeak Secures Strategic Co-Control of IFCO Stake
Stonepeak Secures Strategic Co-Control of IFCO Stake

Arabian Post

time2 days ago

  • Arabian Post

Stonepeak Secures Strategic Co-Control of IFCO Stake

Arabian Post Staff -Dubai Stonepeak, a US-based infrastructure investor, has agreed to acquire a 50 per cent co-controlling stake in IFCO Group from a subsidiary of the Abu Dhabi Investment Authority. The transaction positions Stonepeak alongside European mid-market investor Triton, which will continue its existing 50 per cent ownership. Financial terms were not disclosed, and the deal remains subject to customary regulatory approvals, with completion targeted in the fourth quarter of 2025. Founded in 1992, IFCO operates one of the world's largest reusable packaging container systems, managing over 400 million units and facilitating approximately 2.5 billion shipments of fresh food annually across more than 50 countries. This extensive network, supported by around 140 service centres, serves more than 18,000 growers and over 300 retailers, delivering substantial cost efficiencies, sustainability gains, and operational scalability compared to single-use packaging. ADVERTISEMENT ADIA initially invested in IFCO's carve-out from Australian logistics group Brambles in 2019, following a $2.5 billion sale to Triton. Over the intervening years, IFCO has undergone a comprehensive strategic and operational transformation, including enhanced digitalisation and an expanded global footprint, setting the stage for this latest ownership transition. IFCO's chief executive officer, Michael Pooley, praised the combined expertise of Stonepeak and Triton, emphasising that the new partnership will support growth and reinforce IFCO's 'market leading position globally'. Nikolaus Woloszczuk, Senior Managing Director at Stonepeak, described IFCO as a 'critical component of the logistics infrastructure delivering fresh produce' and underlined the firm's commitment to accelerating the company's expansion—particularly in North America—as part of Stonepeak's broader infrastructure investment strategy. Triton's co‑head of business services, Stephan Förschle, affirmed the firm's ongoing commitment to IFCO, signalling confidence in the combined vision with Stonepeak to deliver value through digitalisation and sustainability initiatives. Representing ADIA, executive director Hamad Shahwan Aldhaheri noted that since the 2019 investment, IFCO had built 'solid foundations for the future, based on strong operational performance and enhanced digital capabilities'. Advisory teams have been engaged from both sides of the transaction. Citi and Morgan Stanley served as financial advisers to ADIA and Triton, with Bank of America also representing ADIA, while Kirkland & Ellis and Latham & Watkins provided legal counsel. Stonepeak was advised by Citi financially and Kirkland & Ellis legally. Analysts indicate that the deal could value IFCO at approximately €5.5 billion including debt, implying a consideration near €2 billion for the 50 per cent stake, according to Bloomberg. This valuation reflects IFCO's robust market position and future growth prospects in sustainable logistics. The combination of Triton's deep sector knowledge and Stonepeak's infrastructure expertise—including its focus on transport, logistics, and digitalisation—positions IFCO to capitalise on rising demand for circular economy solutions in food supply chains. With container reuse gaining regulatory momentum and retailer focus on waste reduction intensifying, IFCO's closed-loop model is becoming increasingly central to sustainable logistics strategies. Market observers expect this deal to reinforce growing investor interest in circular supply chain infrastructure, especially as environmental and governance factors shape capital allocation. The high valuation underscored by global advisory firms suggests confidence in IFCO's ability to deliver both financial returns and environmental impact through its RPC-based system. The completion of this transaction in late 2025 will mark a significant milestone for all stakeholders. ADIA exits after six years of investment and strategic support. Triton remains, signalling continuity in governance and operation. Stonepeak enters as a long-term partner, with capital and network to help scale IFCO's platform further—particularly in North America.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store