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TPG Achieves 30x Cost Savings and 20x Faster Reporting

To make a long story short...

Who are they?

TPG Software Inc, an investment accounting software solutions provider.

What did they need?

They needed flexibility in their SaaS delivery model to add and remove resources to meet bimonthly periods of peak activity.

How did Silk help?

Silk offered the agility TPG needed, enabling them to run at full efficiency.

What were the results?

30x – cost savings from a Silk-enabled SaaS solution vs self deployment

20x  – faster reporting leading to customer satisfaction

And now for the details.

TPG Software Overview

Founded in 1991, TPG Software, Inc. provides investment accounting software solutions that support trading, comprehensive investment analysis and reporting, investment, liability, and derivative accounting, client safekeeping, and risk and collateral management. The company’s mission is to provide software tools that support financial securities in compliance with regulatory guidelines, as well as deliver products built on industry-standard software platforms using the newest technologies available.

Business Challenges

Founded in 1991, TPG Software, Inc. provides investment accounting software solutions that support trading, comprehensive investment TPG’s legacy business model enables its customers to self-deploy its software on-premises. Yet customers were struggling to deploy and maintain TPG’s applications on the right hardware and the recommended operating system. In order to remain competitive, TPG decided to adopt a SaaS delivery model. SaaS would allow the company to deliver a consistently good application experience to customers, simplify support operations, and speed up the development and QA processes.

Yet moving to a SaaS delivery model presents its own challenges. TPG customers generate reports with large peak activity at the middle and end of each month. “This cloud-based infrastructure needed to incorporate hundreds of customers that each have, literally, hundreds of reports,” said Slavek Rotkiewicz, President and Founder, TPG. To accommodate these peak workloads at the middle and end of the month, the infrastructure would need to have the flexibility to add more resources. Then, to reduce costs during the rest of the month, these resources would need to be easily turned off.

Silk for the Public Cloud

To migrate to a SaaS model, TPG turned to Silk. Silk’s Cloud Data Platform enables companies to move critical applications to the cloud without the pain of re-architecting or re-engineering them. By decoupling the data from the infrastructure that it lives on, applications can quickly and easily be moved across the hybrid cloud, allowing companies like TPG to avoid a massive, endless digital transformation.

“When we put multiple institutions on a single SQL instillation, we could run much faster and deliver reports 10-20 times faster. Silk saved us speed. Ultimately, I’m talking 30x savings since we were able to eliminate manpower. Plus, our users are much happier since they get their reports days earlier than before. I think everyone was a winner.”

Slavek Rotkiewicz | President and Founder

Results

In addition to a smooth migration to the public cloud, Silk offered TPG the flexibility it needed. With TPG Cloud One – the name TPG gave its Silk implementation – the company is able to scale up resources in the public cloud when it needs to support peak reporting workloads… and then scale back down for the rest of the month. This agility means TPG can run at full efficiency and minimize the costs 
of managing its infrastructure.

Minimizing costs even further, Silk gave TPG Cloud One the ability to securely consolidate several application servers to fewer SQL servers. This resulted in over 10x savings on database license costs versus what the company would have spent if it had self-deployed the application servers in its own datacenter.

“When we put multiple institutions on a single SQL instillation, we could run much faster and deliver reports 10-20 times faster,” added Rotkiewicz. “Silk saved us speed. Ultimately, I’m talking 30x savings since we were able to eliminate manpower. Plus, our users are much happier since they get their reports days earlier than before. I think everyone was a winner.”

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