CUProdigy saw 60% growth in cloud business in 2017
According to Statista, global spending on cloud-based Infrastructure-as-a-Service (IaaS) will reach $17.5 billion in 2018. IDC further predicts that in 2018, at least half of all IT spending will be for cloud-based services. CUProdigy, the leader in IaaS designed and hosted specifically for credit unions, has seen similar growth in cloud deployments in the credit union industry. The company said that it saw a 60 percent growth in its IaaS business from 2016 to 2017, and interest is only growing in 2018.
“Credit unions were founded to serve the financial needs of their members,” said CUProdigy CEO Anthony W. Montgomery. “Managing on-premise servers is a distraction from that mission – and an expensive distraction at that – especially when the cloud offers such a practical, cost-effective alternative.”
Edwards Federal Credit Union is one of the credit unions that moved its servers to the CUProdigy cloud in 2017. Roy MacKinnon, the credit union’s CEO, said that CUProdigy’s IaaS has completely transformed the credit union. “We had servers in two locations, which made managing them twice as hard,” said MacKinnon. “By moving our servers to CUProdigy’s cloud, I was able to reorganize our entire IT operation and get everyone more focused on member service instead of maintaining hardware.”
“Our cloud services are tailored specifically for credit unions,” said CUProdigy CTO Xerex Bueno. “What’s more, we provide a wide range of professional services to ensure that each credit union enjoys the most efficient, cost-effective cloud deployment possible.”
CUProdigy will be exhibiting at the CUNA Governmental Affairs Conference at the end of February and invites interested credit union executives to discuss cloud options at Booth 102.