Thomson Financial is extending an agreement with Microsoft to develop, market and distribute portfolio managment technology based on the .NET framework and Windows Server System.
Under a multi-year agreement, Thomson says it will further develop its Portia portfolio managment system for the Microsoft platforms.
Thomson Financial says the partnership is about reaching new customers and markets with new products. The two companies will align future software development, along with joint marketing and sales activities globally.
The alliance will also involve collaboration between Microsoft and Thomson Financial software architects in designing, building and testing new versions and functionality of the Portia system.
Suresh Kavan, president, corporate, investment management and investment banking, Thomson Financial, says the next three versions of Portia will be developed with the Microsoft .Net Framework and Windows Server System software.
"As new Portia functionality is built out, other Thomson Financial solutions will benefit from the increased opportunities for application, business logic and code-re-use across Thomson One," says Kavan.