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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Alight Inc | NYSE:ALIT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.04 | 0.57% | 7.07 | 7.105 | 6.95 | 7.00 | 5,504,554 | 23:11:54 |
--Alight's new cloud-based foundation creates a connected ecosystem that drives innovation, enhances availability and security, and improves performance, all within a streamlined infrastructure
--The transition is expected to achieve $75 million annualized savings
Alight, Inc. (NYSE: ALIT), a leading cloud-based and human capital technology services provider, announced the successful completion of its cloud migration program, including the full decommissioning of its Lincolnshire Data Center to an AWS environment.
This milestone marks the culmination of Alight’s cloud transformation initiative, resulting in a simplified and more efficient Alight Worklife® platform and is expected to achieve $75 million in annualized savings.
Alight Worklife was designed to meet the needs of the modern workforce, cutting down on complexity by integrating health, wealth and leaves benefits into one platform. With the completion of the cloud migration program, the platform now operates on an improved infrastructure with greater efficiency and amplifies many of its advantages including speed to innovation, quicker implementation and greater automation. These key attributes strengthen the power of Alight Worklife and empower employees to make more informed benefits decisions and give employers a competitive edge in their benefits strategy.
Key results from the cloud migration program include:
Platform simplification: Including a 40% reduction in the number of servers and a 60% reduction in middleware systems. Additionally, there was a 95% reduction in operating systems with a migration of nearly 300 applications and the sunsetting of more than 190 applications.
Enhanced performance: Including a 43% faster average response time across Health Enrollment pages and a 30% faster average load time for the Alight Worklife homepage.
Improved availability and security: Including an 85% increase in the adoption of security controls and the enhanced availability of more than 130 applications across three AWS locations.
“By completing our cloud migration during the first half of 2024, we are well positioned to deliver enhanced performance and increased capacity across the Alight Worklife platform,” said Greg Goff, President, Alight Solutions. “These investments are driving an all-important enhanced user experience which is critical in advancing how we serve our clients and their people.”
About Alight Solutions
Alight is a leading cloud-based human capital technology and services provider for many of the world’s largest organizations. Through the administration of employee benefits, Alight powers confident health, wealth, leaves and wellbeing decisions for 35 million people and dependents. Our Alight Worklife® platform empowers employers to gain a deeper understanding of their workforce and engage them throughout life’s most important moments with personalized benefits management and data-driven insights, leading to increased employee wellbeing, engagement and productivity. Learn how Alight unlocks growth for organizations of all sizes at alight.com
Forward-looking statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements related to our cloud migration program and its expected benefits, expectations for our business, and other non-historical statements. In some cases, these forward-looking statements can be identified by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties including, among others, those described in the forward-looking statements can be found under the section entitled “Risk Factors” of Alight’s most recent Annual Report on Form 10-K, filed with the Securities and Exchange Commission (the "SEC") on February 29, 2024, and in the Quarterly Report on Form 10-Q filed with the SEC on May 8, 2024, as such factors may be updated from time to time in Alight's filings with the SEC, which are, or will be, accessible on the SEC's website at www.sec.gov. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be considered along with other factors noted in this presentation and in Alight’s filings with the SEC. Alight undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240812586217/en/
Mariana Fischbach mariana.fischbach@alight.com
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