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Microsoft & Google To Serve As Public Cloud Providers For Wells Fargo

By John F. Heerdink, Jr.

As per reports, Microsoft (MSFT) and Alphabet Inc’s Google have been chosen by Wells Fargo & Co (WFC) to serve as its public cloud providers, embracing a multi-cloud approach.

Microsoft’s Azure will serve as the bank’s primary cloud provider, while Google Cloud will provide additional business-critical public cloud services. The partnership makes Wells Fargo the latest big bank to use third-party data centers for cloud-related services. Multi-cloud provides flexibility, allowing businesses to off-load some of the huge costs of running their own data centers by renting public ones. 

Redmond, Washington-based American multinational technology company Microsoft (MSFT) develops, manufactures, licenses, supports and sells computer software, consumer electronics, personal computers, and related services. To learn more about Microsoft (MSFT) and to track their progress please visit the Vista Partners Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Wells Fargo picks Microsoft, Google as cloud service providers in Reuters)


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