Press Release

Taeknizon, a private cloud service provider in the Middle East and Asia, was selected by LuLu International Exchange, a top three financial services provider in the UAE, to transform its operations and migrate critical IT infrastructure and applications to the cloud. LuLu International Exchange is using Taeknizon’s Taekni Cloud services to accelerate infrastructure consolidation and cost optimization in a multi-cloud environment.

The foreign exchange and global money transfer specialist gains expert end-to-end support for its cloud migration with the ability to scale-up both locally and around the world. Taeknizon provides a comprehensive cloud migration strategy combined with local knowledge and expertise. LuLu International Exchange benefits from all data being locally hosted in Taeknizon’s Taekni Cloud Infrastructure in a Tier III data center in the UAE, ensuring minimal risk and maximum performance.

“When making the move to the cloud, it is critical for financial services companies to ensure regulatory compliance and understand where their data is hosted. We understood LuLu International Exchange’s requirements and developed a solution that would go beyond public cloud capabilities and give them a trusted, secure and local solution,” said Anithan Chandran, Group COO, Taeknizon Middle East and Asia. “It offers the best of both worlds while delivering benefits like increased uptime and reliability at a lower cost than traditional IT infrastructure. We are proud to have LuLu Exchange on our cloud and are looking forward to adding more value to its business.”

Taeknizon’s solution guarantees that data sovereignty is maintained, and LuLu International Exchange’s internal and customer data is secure. The solution was rolled out in less than three months and delivered with Taeknizon’s flexible model, high security standards and commitment to customer service.

“High performance and proactive customer service are critical to the success of any financial business. This is why we required a service provider who would offer us flexible plans, 24/7 support services and reliable infrastructure with security standards and data sovereignty we could trust. Taeknizon ticked all the right boxes for us in these aspects,” said Joseph Cleetus, Head of Business Transformation at LuLu Exchange Financial Group. “The transition to Taeknizon’s Taekni Cloud went smoothly, without causing any disruption of service to our customers. We experienced five major benefits in our switch from public cloud to Taekni Cloud: more capacity, higher performance, stability, cost optimization and better use of our resources.”

Taeknizon’s Taekni Cloud services include Infrastructure, Backup, Disaster Recovery, Software, Security, SD-WAN, SIEM and Wireless all delivered with an “as a service” model. Its customers include organizations from large enterprises to SMBs, across multiple sectors such as health care, financial institutions, education, manufacturing, and retail. Some of Taeknizon’s partners include, Sonicwall, SGBox, JetStor, Cloudflare, Hewlett-Packard and others.

About LuLu International Exchange

LuLu International Exchange is a part of LuLu Financial Group, a global financial services enterprise headquartered in Abu Dhabi. The Group’s various companies serve banking institutions, local and international corporations, and individuals through a network of 225+ branches across the Gulf Corporation Council (GCC), Indian sub-continent and APAC regions in countries such as UAE, Oman, Kuwait, Qatar, Bahrain, India, Bangladesh, Philippines, Singapore, Hong Kong, and Malaysia.
The Group opened its first branch under the LuLu International Exchange brand name, at Abu Dhabi, UAE in 2009. LuLu International Exchange provides a wide range of financial services, including remittances, currency exchange, wage and salary administration, value-added services, shopping cards, and import and export of currencies.

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