Key Takeaways
- • Align, a provider of technology infrastructure and Managed IT Services, was named AI Technology Provider of the Year in the 2024 Hedgeweek US Awards, according to a Business Wire press release dated October 22, 2024.
- • The award recognizes excellence among US fund managers and service providers across a range of categories, with Align positioned as the top AI technology provider in the field.
- • Align's IT Suite is built on the Microsoft public cloud and is described as the first managed services provider in the alternative investment space to offer AI-driven assistance across Microsoft 365 applications.
- • The company integrated Microsoft 365 Copilot into the Align IT Suite, targeting hedge funds and other alternative investment firms that require strict security and compliance standards.
- • Align states it was the first Managed Services Provider to introduce an all-encompassing public cloud-based platform tailored exclusively for the Alternative Financial Services sector.
Summary
The award centers on the Align IT Suite, the company's managed services platform built on the Microsoft public cloud. Align says the platform offers flexible, secure, and compliant managed services, particularly for clients in the alternative investment industry. The company states it is the first managed services provider in the space to offer AI-driven assistance across Microsoft 365 applications, which it says automates tasks, optimizes business data and workflows, and improves productivity while maintaining security and compliance standards for hedge funds and investment firms.
Vinod Paul, President of Align Managed Services, said the company was honored by the recognition and that it reflects its work in applying AI to the needs of alternative investment clients, including the integration of Microsoft 365 Copilot into the Align IT Suite. Chris Zadrima, Chief Operating Officer at Align, said the achievement reflects the team's work in staying at the forefront of technological advancements and in evolving its AI-driven solutions.
Align also highlights its positioning in the market. It describes itself as a Tier 1 Microsoft Azure cloud services provider with a focus on the alternative investment industry, and says it has expanded its portfolio to include cybersecurity solutions designed for Registered Investment Advisors and the alternative investment community. The release does not disclose financial terms, client counts, or independent evaluation criteria for the award.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.