HP Inks Deal with BlackRock

HP Application Lifecycle Management (ALM) version 11.5 with lab management automation has been recently chosen by global investment manager BlackRock, in order to improve delivery of application updates for its investment-management platform.

HP’s solution is believed to offer sophisticated risk analytics with portfolio management, trading and operations tools. Additionally, the solution's rich integration of real-time production insights ensures the desired performance, functionality and security of applications prior to production.

"BlackRock's ability to provide innovative financial solutions depends on delivering high-quality applications that perform business-critical functions and drive competitive advantage," Subbu Iyer, vice president, Products and Strategy, Applications, Software, HP said in a statement.

"Together with HP Application Lifecycle Management and Lab Management Automation, BlackRock is able to quickly deliver applications that drive business value by accelerating application development and testing, while maintaining focus on quality," Iyer added.

Upgrading to HP ALM 11.5 to leverage its new capabilities will enable BlackRock to reduce cycle times and ultimately accelerate updates of the company's 30-plus applications for portfolio administration, risk analysis and trade execution. BlackRock estimates that the HP solution will significantly improve employee productivity by eliminating more than two months of labor-intensive, manual work for each application tester over the course of a year.

"Delivering innovative financial solutions that meet the needs of the global economy is critical to our business success," added Jesus Arozamena, vice president, Automation Test Management, BlackRock.

Also, by upgrading to HP ALM 11.5, BlackRock expects to: improve time to market for financial services, reduce application testing times from days to hours, enhance employee productivity and allow application testing teams to focus more on strategic activities.

The Lab Management Automation capability of HP ALM 11.5 accelerates high-quality application deployment by automating the configuration of real-world development and testing environments, running on both private and hybrid clouds.

BlackRock frequently rolls out updates to its platform, which processes more than $12 trillion in assets, liabilities and derivatives each day across more than 160 customers. BlackRock’s goal is to constantly improve its offerings and deliver market-leading risk-management and investment tools to its customers.

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