Companies announce new multi-year strategic
collaboration
NEW
YORK, Feb. 8, 2023 /PRNewswire/ -- S&P
Global (NYSE: SPGI) and Amazon Web Services (AWS), an Amazon Inc.
company (NASDAQ: AMZN), today announced a new multi-year strategic
collaboration agreement. With AWS as its preferred cloud provider,
S&P Global will enhance its cloud infrastructure, accelerate
business growth, engineer new innovations for key industry
segments, and help their customers navigate rapidly changing market
conditions.
Building on AWS and S&P Global's longtime relationship, the
new strategic collaboration will extend the delivery of advanced,
secure, cloud-based services to more than 100,000 of S&P
Global's government and enterprise customers in 43 countries around
the world—further growing the 65% of application workloads it
already runs on AWS. As part of the collaboration, S&P Global
will also move its Capital IQ and remaining core data platforms to
AWS by 2025 and develop new capabilities that enable its customers
to evaluate risk and growth opportunities for their
organizations.
The new agreement will expand S&P Global's use of
world-class cloud infrastructure across its divisions, using AWS to
improve data and product availability and increase efficiency and
productivity for its employees and customers around the globe.
S&P Global gives companies the data and insights to help them
face increasingly complex challenges, more rapidly respond to
market opportunities, and streamline business operations. S&P
Global will bring together disparate data sets and products to
deliver new advanced analytics and insights across a range of
sectors, including climate, sustainability, energy transition, and
private markets data, helping their customers find new, more
sustainable ways to do business.
"This transformative collaboration with AWS exemplifies our
focus on expanding the potential of data and technology, a key
pillar in our strategy to power global markets," said
Douglas L. Peterson,
President and Chief Executive Officer of S&P Global. "Our
unique data, analytics, and insights in combination with AWS'
unmatched reliability, security, and technology will drive
innovation across our businesses and create value for all of our
mutual customers."
"Together with S&P Global, we will deliver new technologies
that will help customers across all industries take advantage of
advanced market data and innovate more rapidly," said
Adam Selipsky, CEO of Amazon
Web Services, Inc. "Our mutual customers are looking for ways to
continue to invent, diversify, and grow as they face today's
challenging economic conditions. "With the new technologies
developed by our organizations, government and enterprise customers
from every market segment now have the tools to both innovate and
navigate uncertainty."
The collaboration will see S&P Global work with AWS to
develop cloud-based services, using decades of comprehensive market
data and insights. This will provide customers with modern and
scalable technology services for data discovery and customer
integration, utilizing the latest in data science, analytics, and
artificial intelligence. Jointly, S&P Global and AWS will
deliver new insights, risk assessments, and predictive modeling to
our customers faster and with greater granularity.
In addition, the companies are building on their previous
strategic initiatives, such as the collaboration with S&P
Global's Enterprise Data Management solution (EDM), and exploring
new areas for collaboration on integrated go-to-market approaches,
product development, channel distribution, and other potential
commercial opportunities.
The collaboration reinforces S&P Global's efforts to
optimize its data and technology assets and infrastructure, a
cornerstone of the new strategic framework introduced during its
2022 Investor Day. S&P Global has increased its investment in
technological innovation in recent years, establishing a leading
role in artificial intelligence research and product delivery.
Through the application of its proprietary capabilities, including
those developed by Kensho, S&P Global is providing
next-generation analytics, artificial intelligence, machine
learning, and data visualization systems to the corporate,
financial services, and intelligence markets.
As a part of their migration to the cloud, focus on cloud-native
development, and emerging technologies, S&P Global has trained
over 8,000 employees in 2022 and remains committed to investing in
its people and providing technical training to help individuals to
have a prosperous career in information technology.
About S&P Global
S&P Global (NYSE: SPGI)
provides essential intelligence. We enable governments, businesses
and individuals with the right data, expertise and connected
technology so that they can make decisions with conviction. From
helping our customers assess new investments to guiding them
through ESG and energy transition across supply chains, we unlock
new opportunities, solve challenges and accelerate progress for the
world. We are widely sought after by many of the world's leading
organizations to provide credit ratings, benchmarks, analytics and
workflow solutions in the global capital, commodity and automotive
markets. With every one of our offerings, we help the world's
leading organizations plan for tomorrow, today.
Contact
S&P Global
Investors:
Mark Grant
Tel: + 1 347 640 1521
mark.grant@spglobal.com
Media:
Ola Fadahunsi
Tel: +1 332 210 9935
ola.fadahunsi@spglobal.com
Forward-Looking Statements:
This press release contains "forward-looking statements," as
defined in the Private Securities Litigation Reform Act of
1995. These statements, including statements about S&P
Global Inc. and its subsidiaries (the "Company"), which express
management's current views concerning future events, trends,
contingencies or results, appear at various places in this press
release and use words like "anticipate," "assume," "believe,"
"continue," "estimate," "expect," "forecast," "future," "intend,"
"plan," "potential," "predict," "project," "strategy," "target" and
similar terms, and future or conditional tense verbs like "could,"
"may," "might," "should," "will" and "would." For example,
management may use forward-looking statements when addressing
topics such as: the Company's agreement and relationship with AWS;
expectations about its technological infrastructure; outcome of
contingencies; future actions by regulators; changes in the
Company's business strategies and methods of generating revenue;
the development and performance of the Company's services and
products; and the expected impact of future collaborations and
investments.
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SOURCE S&P Global