Alveo’s PaSS is Powered by Oracle Cloud and Now Available in the Oracle Cloud Marketplace

Alveo, a leading provider of reliable, high-performance systems for financial data management, and a Gold level member of Oracle PartnerNetwork (OPN), today announced that its managed services offering, AC Platform as a Scalable Service (PaSS) has achieved Powered by Oracle Cloud status and is now available in the Oracle Cloud MarketplacePaSS enables financial services organisations to achieve cost reductions and increased scalability, improved data quality and regulatory compliance. PaSS on Oracle Cloud Infrastructure also enables clients to source use-case specific solutions including valuations and new security set-up in a quick and scalable manner.

The Oracle Cloud Marketplace is a one-stop shop for Oracle customers seeking trusted business applications and service providers offering unique business solutions, including ones that extend Oracle Cloud Applications. Oracle Cloud is the industry’s broadest and most complete public cloud, delivering enterprise-grade services at every level of the cloud technology stack including platform as a service (PaaS), infrastructure as a service (IaaS), and data as a service (DaaS).

“Our service delivery capability and data management expertise, offered via the easy-to-source and easy-to-scale PaSS service, together with Oracle’s global presence and second generation cloud infrastructure will help businesses across the financial sector achieve a new level of automated performance and scalability,” said Mark Hepsworth, CEO, Alveo. “A key reason we chose Oracle Cloud Infrastructure is that it offers us the ability to create dedicated, single tenant, environments for each client for performance and data license reasons. PaSS enables our clients to streamline their operations and, through best of breed models in sourcing application providers and outsourcing services, they can lower their cost of change and make it more predictable. Alveo’s participation in the Oracle Cloud Marketplace further extends our commitment to the Oracle community and enables customers to easily reap the benefits of PaSS. We look forward to leveraging the power of the Oracle Cloud to help us achieve our business goals.”

“The cloud represents a huge opportunity for our partner community,” said David Hicks, vice-president, Worldwide ISV Cloud Business Development, Oracle. “Alveo’s commitment to innovation with Oracle Cloud and quality execution helps our mutual customers receive cloud-enabled managed service solutions ready to meet critical business needs.”

Powered by Oracle Cloud status recognizes OPN member solutions that have been tested or verified to run on Oracle Cloud Infrastructure. This achievement offers customers the confidence that the partner’s application is supported by the Oracle Cloud Infrastructure SLA, enabling full access and control over their cloud infrastructure services as well as consistent performance.

Alveo has also achieved Integrated with Oracle Cloud status based on integration with Oracle Database Cloud Service.

The Oracle Cloud Marketplace offers an intuitive user interface to browse and search for available applications and services, as well as user ratings and reviews to help customers determine the best business solutions for their organization. With its new automated application installation features, customers can easily deploy provider business applications from a centralized cloud interface.

About Alveo:

Alveo is the market leader in data quality software solutions for financial data. Focused on business user enablement, we help clients simplify complexity and ensure users across buy and sell side make the most of their data assets by providing easy data integration, data cleansing, distribution and data discovery solutions.

We service a blue-chip client base globally and our award-winning solutions provide rigorous processes to secure high-quality data, easy integration into business user workflows and a trusted environment for advanced analytics. Delivered through managed services, cloud or on-premise deployment, our highly scalable products help the world’s most successful financial institutions meet their risk management, valuation, security master and operational needs with mission critical reliability.

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About Oracle PartnerNetwork:

Oracle PartnerNetwork (OPN) is Oracle’s partner program that provides partners with a differentiated advantage to develop, sell and implement Oracle solutions. OPN offers resources to train and support specialised knowledge of Oracle’s products and solutions and has evolved to recognise Oracle’s growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to be recognised and rewarded for their investment in Oracle Cloud. Partners engaging with Oracle will be able to differentiate their Oracle Cloud expertise and success with customers through the OPN Cloud program – an innovative program that complements existing OPN program levels with tiers of recognition and progressive benefits for partners working with Oracle Cloud. To find out more visit:

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