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IOOF Holdings Ltd. (IOOF) is one of Australia's largest financial services companies. It offers a range of wealth management products and services, including financial advice, platform management and administration, investment management, and trustee services. It is an Australian Securities Exchange top-200 company, with more than US$100 billion in funds under management, administration, advice, and supervision. IOOF operates many major brands, has more than 600,000 clients, and approximately 1,000 financial advisers.
IOOF has been using MySQL for more than five years and finds considerable value in the scalable, cost-effective, high-performing database platform.
"MySQL is simple for us to use. It's quick and easy for us to develop on. It's cost effective, which is important to us, and it performs to the level we need," said Andrew Todd, CIO, IOOF Holdings Ltd.
"Courtesy of our acquisitive nature, we have reviewed a lot of databases, and we know what competition is out there, but when we compared MySQL and how simple and cost effective it is to other databases, we were pleased with our decision to work with Oracle."
IOOF began the implementation for MySQL in 2010. The system went live three months after the implementation and was completed, on time and budget.