Old Mutual Asset Management signs for Indata IMS ASP
06 May 2008 | 1592 views | 0
Indata, a leading industry provider of software solutions for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office announced today that Old Mutual Asset Management, based in Boston, MA, has selected the Indata IMS ASP solution as the system of choice for their affiliate managers.
After conducting extensive due diligence on a number of vendor solutions, Old Mutual selected INDATA based on a variety of factors including company profile, strength of technology platform, depth of functionality and total cost, including software and implementation fees.
The IMS ASP solution provides the full scope of functionality and customization capabilities of INDATA's front-to-back office solution including trade order management, portfolio accounting & reporting, performance measurement and attribution with the added benefit of INDATA providing hosting and system administration management.
"After analyzing all of the vendors in this space, we found INDATA to have the most compelling offering from a variety of standpoints. IMS offers a strong, single platform for trade order management, compliance, and back-office capabilities. Being able to deploy the solution through an ASP offering we are able to allow our managers to focus on core operational components and reduce organizational risk," commented Vincent Manning, Vice President of Investment Operations for Old Mutual. "In addition, INDATA's technology platform and open architecture enable us to customize the system and deliver additional value to our managers in a number of key areas including client reporting."
"We are extremely pleased and honored to have been selected by Old Mutual. Our IMS ASP solution has been very successful to date and offers firms the ability to leverage INDATA as a true technology partner so they can focus on managing assets while reducing costs," said David J. Csiki, Managing Director, INDATA. "We are very excited to be working with Old Mutual as the system is rolled out to participating affiliates."