10:41:46 EDT Tue 23 Apr 2024
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Aecon Group Inc
Symbol ARE
Shares Issued 61,535,737
Close 2023-03-23 C$ 13.53
Market Cap C$ 832,578,522
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Aecon partners with Virtusa for AWS cloud migration

2023-03-24 09:28 ET - News Release

Ms. Nicole Court reports

VIRTUSA FINALIZES STRATEGIC CLOUD MIGRATION PARTNERSHIP WITH AECON TO BRING DIGITAL OPERATIONS TO AMAZON WEB SERVICES

Virtusa Corp. has signed a strategic cloud migration partnership to support Aecon Group Inc.'s cloud transformation journey. The deal underscores Virtusa's strengths in migrating Aecon's digital operations seamlessly to the Amazon Web Services (AWS) cloud while managing robust and continuous innovation to future-proof operations.

To achieve its digital future, Aecon selected AWS premier consulting partner, Virtusa, to migrate its current infrastructure, managed services and workloads, such as its core ERP (enterprise resource planning) and integrated applications, from incumbent systems to AWS. Fundamental to Virtusa's digital engineering DNA is the extensive experience and expertise in cloud migrations. In addition, as a member of the AWS partner network (APN), Virtusa has been helping businesses accelerate transformation efforts with AWS globally for the last decade.

"Virtusa is proud to have been selected by Aecon as a strategic partner as they advance their cloud transformation journey," said Sanjay Deshpande, executive vice-president and head of banking and financial services, Americas, Virtusa. "Bringing Aecon into our diverse customer ecosystem reaffirms our great teamwork, excellent delivery track record, and strong rapport we've built with our customers to implement market-ready solutions that accomplish successful cloud migration, modernization and innovation journeys."

"One of the biggest challenges facing businesses today is not keeping up with the rate of change in IT [information technology] to work, interact and communicate," said Adam Templeton, vice-president of information services, Aecon Group. "We look forward to partnering with Virtusa to further Aecon's value internally by optimizing our team's digital operations and improving the structural integrity that enables us to deliver business impact that our customers see first-hand."

Virtusa and Aecon will work together to identify opportunities for cloud migration across Aecon's operations and infrastructure, enabling Aecon to benefit from AWS's scalable and cost-effective solutions while leveraging Virtusa's proven record of delivering successful cloud migration projects.

About Aecon Group Inc.

As a Canadian leader in construction and infrastructure development with global expertise, Aecon strives to be the NO. 1 Canadian infrastructure company and is proud to be recognized as one of the best employers and best 50 corporate citizens in Canada. Aecon safely, profitably and sustainably delivers integrated solutions to private- and public-sector clients through its construction segment in the civil, urban transportation, nuclear, utility and industrial sectors, and provides project development, financing, investment and management services through its concessions segment.

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