Eze Software Group, a premier provider of global investment technology, today announced the launch of a new technology framework for the cloud.
The first offering to leverage this new framework will be Eze Data Services, a cloud-based data hub and integration service to support position and transaction interfaces across the company's front-to-back product suite.
"One of Eze Software's competitive advantages has always been our fully managed, hosted solution for the communication of investment data between Eze Software and its clients to third-party vendors and proprietary systems," said Rob Keller, CFA, chief product officer at Eze Software Group. "The flexible, extensible nature of this solution has allowed us to quickly implement new clients and assume responsibility for developing, testing, implementing, and monitoring connections. Our new cloud-enabled platform takes that offering to the next level."
Eze Software provides proactive monitoring and support of more than 10,000 live data interfaces. With the release of Data Services, Eze Software has reinvented the technology foundation of its managed service offering, effectively replacing the company's existing data interface technology. Data Services features a highly scalable integration framework, and advanced front-end visualization and monitoring tools. Clients will benefit from improved transparency and additional control over the communication of positions, trades, and securities at all stages of the investment lifecycle.
"We are committed to providing our customers with new, innovative solutions and have increased R&D spending by more than 25% this year. During the next several years, we will continue to roll out new components on the cloud framework in a phased manner, while simultaneously investing substantial resources to strengthen our core products and build enhanced cross-product integrations," said Pete Sinisgalli, chief executive officer of Eze Software Group. "The considerable increase in planned R&D spending demonstrates the commitment of TPG, our owners, to our product strategy and future vision. With TPG's backing we will continue to find new ways to add even more value for our customers."
Data Services is a key milestone in Eze Software's long-term strategy to iteratively move core components of its product suite to the cloud and this new framework. Eze Software's cloud framework will provide clients all the benefits of the SaaS model, including lower costs, increased accessibility, and a streamlined workflow across the front-, middle-, and back-office.