An IT assessment service launched by Safe Systems, a provider of hosted Exchange e-mail solutions, has the ability to reduce a financial institution’s exposure in the high risk area of mergers and acquisitions (M&A).
Safe Systems is the winner of the 2011 BankNews Innovative Solutions Award, and specializes in providing compliance-centric IT support and hosted services exclusively for financial institutions.
“Today’s banking industry faces many challenges,” said Darren Bridges, president of Safe Systems.
“For various reasons, our industry is seeing a significant increase in consolidation, and the consensus is that we’ll see even more. Safe Systems’ IT Assessment is designed to strengthen the institution’s consolidation of critical IT infrastructure in the mergers & acquisitions process. Our goal with this solution is to bring the lessons we’ve learned from helping hundreds of ‘growth-mode’ financial institutions lay a course for merging IT infrastructure while maintaining tight regulatory adherence and IT security.”
Safe Systems' Mergers and Acquisition IT Assessment provides a range of services for both the acquiring and acquired institutions. The company provides a comprehensive evaluation of the network, IT operations, Information Security and enterprise-wide risk assessments.
Businesses will benefit from complete assessments of business continuity/disaster recovery, Business Impact Analysis (BIA), risk assessments and vendor management programs.
The Assessment also includes detailed hardware/software inventory reporting to determine compatibility with existing and future updates/upgrades or releases; and review of current contracts for WAN and data communications, network support and network security.
Safe Systems' Mergers and Acquisition IT Assessment also offers detailed deliverable of implementation plan with recommended changes and potential infrastructure integration costs.