The document discusses the evolution of an investment portfolio management company's application infrastructure. It describes how the company (FMC) transitioned from a mainframe-based system to a client-server architecture and later to an Internet-based, three-tiered architecture hosted in the cloud. It outlines several key service processes, including change management, problem management, release management, security management, and capacity management, that were important for FMC to implement as its application and infrastructure became more distributed and complex.