22 September 2017
Find out more

Bank of New York Mellon buys Lamp Technologies

12 May 2008  |  3023 views  |  0 handshake

Bank of New York Mellon has acquired Lamp Technologies, a Dallas-based provider of back office accounting and administration services to alternative investment firms. Financial terms of the deal have not been disclosed.

Formed in 1997, Lamp Technologies specialises in servicing alternative investment vehicles such as funds of hedge funds. The firm was originally spun off from the alternative investments specialist ATA Research.

Bank of New Mellon says the deal will strengthen its existing suite of administrative and accounting services for funds of hedge funds.

Art Certosimo, EVP at Bank of New York Mellon, says the acquisition also demonstrates the bank's "commitment to offer clients state-of-the-art technology, customised service solutions, and expanded reporting capabilities".

"Through continual product innovation, as offered through the Lamp technology platform, we enable clients to better focus on their core competency of managing money," adds Certosimo.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Bank of New York Mellon releases global remittance platform

Bank of New York Mellon releases global remittance platform

19 February 2008  |  13186 views  |  0 comments
Hedge funds facing back office staff shortages - study

Hedge funds facing back office staff shortages - study

14 December 2007  |  13489 views  |  0 comments
Technology to dominate spending for global hedge funds - survey

Technology to dominate spending for global hedge funds - survey

18 October 2007  |  6739 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comdownload the paper nowvisit www.capgemini.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12471 views comments | 26 tweets | 42 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10949 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9525 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8146 views comments | 18 tweets | 26 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
8111 views comments | 5 tweets | 4 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job