With Cobalt run IaaS solution, Infosys to make Select Portfolio Servicing nimble

With Cobalt run IaaS solution, Infosys to make Select Portfolio Servicing nimble
Photo Credit: 123RF.com
30 Jul, 2021

Homegrown IT (information technology) services major Infosys has renewed its partnership with American mortgage servicer Select Portfolio Servicing (SPS). 

Under the contract, the Bengaluru-based company said it plans to implement an infrastructure as a service (IaaS) solution in collaboration with IT service management company Hitachi Vantara.  

Infosys will leverage its Cobalt portfolio to design, build, operate, and automate a robust and resilient private cloud infrastructure as a service with on-demand flexibility and scalability. It will also implement next-gen hybrid cloud to maximize SPS’ data center flexibility -- underpinned by enhanced disaster recovery and security posture -- and application services for the next five years. 

SPS, founded in 1989 and headquartered in Salt Lake City, Utah, manages day-to-day administration of mortgage accounts. The company’s overall objective is to provide excellent service to customers, preserve homeownership and prevent foreclosure. 

“By resorting to Infosys’ Cobalt solutions and leveraging their expertise in integrated infrastructure, applications, IT operations and services, we intend to continuously scale, increase performance, enhance flexibility of our technology ecosystem, and streamline IT operations, augmented by automation,” Murali S. Palanganatham, chief information officer at Select Portfolio Servicing, said in a statement. 

“We have forged a strong collaboration with Infosys over the years, which has enabled us to leverage a repertoire of services and capabilities encompassing application development, IT operations, IaaS, SaaS and Security,” he added. 

Prior to this engagement, Infosys piloted a blockchain network for Riverside County and partnered with Federal Bank to implement a cloud-based customer relationship management (CRM) system.  

In the first quarter of financial year 2021-2022, the company had recorded large deal signings worth $2.6 billion. 

Meanwhile, its consolidated net profit for the same period stood Rs 5,195 crore, up 22.7 per cent year-on-year, and revenue grew 17.9% YoY to Rs 27,896 crore.