Huge news from Canada today. CIBC has selected Microsoft Azure as their primary cloud platform, based on its comprehensive capabilities and tight integration with Microsoft 365. More and more organizations are recognizing the business benefits of choosing a primary cloud rather than defaulting to multicloud. Great to see a second major bank here go all in with Microsoft.

Multi-year investment includes cloud technology, infrastructure, security and training for CIBC talent

TORONTO, JULY 8, 2021 – Today CIBC and Microsoft announced a strategic relationship through a multi-year agreement formalizing Microsoft Azure as CIBC’s primary cloud platform

Microsoft Azure will help to enable CIBC to support faster, real-time, data-driven decisions, to quickly launch and scale new innovations for an enhanced client experience. In addition to its Software as a Service (SaaS) and private cloud strategies, CIBC’s investment in market-leading public cloud technology will also reinforce and expand its critical foundations in data protection and security.

“Leveraging cutting-edge technology and ensuring employees have the right digital training are critical for organizations to thrive in the rapidly evolving financial services industry,” said Kevin Peesker, President, Microsoft Canada. “We are proud to support CIBC’s ongoing digital transformation through Microsoft Azure, equipping CIBC with the AI, data, cloud and machine learning capabilities to drive innovation, more securely power their infrastructure and deliver superior customer experiences.”

CIBC and Microsoft have a longstanding relationship and this agreement is one way the bank is continuing to execute on its client-focused strategy, utilizing technology and innovation to deliver growth. This agreement builds on a successful collaboration between the two organizations with cloud, enterprise software, and enabling CIBC’s workforce with Office 365.CIBC has already demonstrated the benefits of cloud technology to unlock the full potential of the bank’s team of over 44,000 employees globally.

Reference Microsoft