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MCI Canada inks hosting deal with MCAP’s Online Financial Services

MCI Canada Inc., part of Verizon Business, announced today it will host and manage the Web-based applications of MC...


March 21, 2007  


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MCI Canada Inc., part of Verizon Business, announced today it will host and manage the Web-based applications of MCAP, Canada’s largest independent mortgage and equipment-financing lender.

MCAP administers more than $30 billion in mortgage and leasing assets annually.

Operating in four key lines of business — residential mortgages, commercial mortgages, construction loans and equipment financing — MCAP is expanding its network infrastructure and adding new applications to meet increased business demands.

Its Web portal is a key element of this strategy, giving more than 100 institutional investors, over 130,000 borrowers and 700 employees across 15 sites in Canada access to MCAPs financial products

To help support this projected growth, the company said in a statement it opted to outsource the hosting and management of its e-business infrastructure.