Citadel Associates renamed Cadis Software; appoints Simpson CEO, Little chairman

Source: Citadel Associates

Citadel Associates, the provider of enterprise data management (EDM) systems for the buy-side, has today announced its imminent name change to Cadis Software.

This move sees the company assume the name of its flagship product Cadis EDM Suite, which has strong brand awareness in the market and a proven track record in delivering tangible benefits and rapid return on investment. Furthermore, Daniel Simpson, who has been a board member since July 2007, will take over the role of CEO, while former CEO Peter Little has been appointed chairman.

Based at the company's London headquarters, Simpson's primary focus will be to strengthen the company's position across Europe and the US as the only enterprise data management provider to focus purely on the needs of the buy-side.

"This is an exciting time to take on the role of CEO and I am confident that with my prior experience in the asset management industry, I can bring valuable direction, knowledge and expertise to Cadis," said Daniel Simpson, CEO of Cadis Software. "In 2007 we experienced tremendous growth by staying focused on our goal of delivering the best buy-side EDM solution. We are in good shape to emulate that success this year."

Prior to Cadis, Simpson held the position of global head of sales at PerTrac Financial Solutions, which acquired Whittaker Garnier, a leading contact and information management software firm, in January 2006. At Whittaker Garnier, Simpson served as CEO. Before this, he was sales director for Beauchamp Financial Technology. He has worked in the alternative investment industry for ten years and his previous experience also covers investment banking roles within emerging markets and prime brokerage.

Peter Little, chairman of Cadis Software commented: "Daniel has been a driving force behind Cadis Software's success for nearly a year. Coupled with his strong track record in the financial technology industry, he is the ideal candidate to lead an already thriving company. With such a talented workforce and compelling product offering, I feel very positive about its future."

With installations across three continents, Cadis Software is used by some of the world's largest buy side institutions supporting some £3 trillion in assets.

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