Inside Antares Capital’s remarkable cloud-first transformation

After GE Capital sold Antares Capital, newly hired CIO Mary Cecola had to build an IT team and infrastructure from scratch. With an eye toward making IT a strategic partner to the business, she opted to go cloud-first.

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In 2015, Mary Cecola, CIO of Antares Capital, was faced with a dilemma.

At the time, the provider of capital solutions to private equity firms was a unit of GE Capital. Then GE decided to sell Antares to the Canada Pension Plan Investment Board (CPPIB) in a deal valued at about $12 billion.

"There were some unique challenges with the Antares divestiture," Cecola says. "The Antares infrastructure was all run by GE. We had an 18-month transition services agreement. I was brought in four months into that. I was the only IT employee, and my goal was to ensure Antares was a standalone business by February 2017."

Part of the transition agreement was the understanding that Antares couldn't run dual networks. GE's IT would pull out on a Friday and Antares' new IT shop would be up and running on Monday when employees came in.

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