LAMCO Leverages Flexibility and Scalability of Bluelock’s Cloud to Manage and Wind-Down Assets of Lehman Brothers Holdings Inc.
Company Size
1,000+
Region
- America
Country
- United States
Product
- Bluelock’s VMware-based public cloud
- Bluelock Virtual Datacenters
Tech Stack
- Cloud Computing
- VMware
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Productivity Improvements
Technology Category
- Infrastructure as a Service (IaaS) - Cloud Computing
Applicable Industries
- Finance & Insurance
Applicable Functions
- Business Operation
Services
- Cloud Planning, Design & Implementation Services
About The Customer
LAMCO is an asset management business that was formed in 2010 as the operating company for Lehman Brothers Holdings Inc. (LBHI). The company specializes in managing Lehman’s commercial real estate, mortgages, principal investments, private equity, corporate debt and derivatives assets. LAMCO was created as part of the Chapter 11 reorganization plan that was filed in the Spring of 2010, following Lehman Brothers Holdings Inc. Chapter 11 filing in March 2008. The company provides management services to Lehman, administers its assets and offers long-term employment opportunities for the hundreds of Lehman employees working to liquidate the former investment bank’s estate.
The Challenge
LAMCO, the operating company for Lehman Brothers Holdings Inc. (LBHI), was formed in 2010 to manage Lehman’s commercial real estate, mortgages, principal investments, private equity, corporate debt and derivatives assets. However, the unplanned Chapter 11 filing and subsequent sale of major Lehman divisions left LBHI with no systems in place to support the management and wind-down of its assets. The company was forced to quickly build an infrastructure and technology that would meet the size, scope and capacity requirements required by the estate. The challenge was to build an infrastructure that would assume peak capacity on day one and then be positioned to wind-down over time. The company began to look into cloud computing, as it offered ‘pay-by-the-drink’ pricing, scalability and the ability to manage the entire infrastructure as a single entity.
The Solution
LAMCO turned to cloud computing to meet its unique needs. The company submitted requests for proposal to seven large cloud hosting companies, and ultimately selected Bluelock’s VMware based public cloud. The decision was based on competitive pricing, market performance, flexibility and their commitment to company strategy. Bluelock’s cloud offered the flexibility and scalability LAMCO sought. Even when initial estimates widely differed from what was actualized in the project, LAMCO was able to achieve their migration goal. The flexibility of Bluelock’s cloud enabled LAMCO to add more memory into given areas and disks into given business units, helping keep them on target despite all of the uncertainties and the lack of transparencies they had with their original capacity requirements.
Operational Impact
Quantitative Benefit
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