The enterprise solution is fully managed by Charles River application specialists and hosted at one of Charles River's tier one hosting facilities. Integrated electronic trading via FIX (Financial Information eXchange) is provided through the Charles River Network.

"We started utilizing Charles River with our ten core funds. We will also be adding our variable annuity sub accounts as well as a recently acquired money market fund," said Jim Anderson, Chief Operating Officer for CLS. "With these varied business lines, we need to operate efficiently in order to compete with other asset management firms in this difficult economic environment. Charles River IMS provides the automation and complete audit trail we need to handle increasing numbers of portfolios, higher trade volumes and greater regulatory scrutiny. With Charles River's Application Management and Hosting service, we only pay for the resources we need, and we can immediately increase capacity as we grow. This gives us complete asset coverage in a scalable solution."

"Managed Services let clients focus on their core competencies and derive maximum value from their investment management solution, while minimizing internal support resources, because their system is managed by our application experts," said Tom Driscoll, managing director, global, Charles River Development. "Globally Charles River provides managed services, including application management, hosting and data, to more than 60 clients, who benefit from lower TCO and are better able to adapt to changing business requirements."