New York investment management firm Stralem & Company has gone live with Indata's asset management platform, IMS for Windows.
The product has replaced a combination of in-house and custodial systems at the firm.
The Indata IMS for Windows solution includes modules for portfolio management and reporting, trade order management, performance measurement and attribution, CRM and billing. The system provides buy-side firms with internal and external straight-through processing (STP) through a common Microsoft SQL Server database.
Philippe Labaune, vice president, Stralen and Company, says: "We selected Indata because they combined the latest technology with comprehensive functionality at a reasonable cost."
Indata says Stralem selected IMS for Windows after reviewing a number of vendors including Advent Software and Financial Models Company.