LBB-Invest licenses Profidata investment management system

Source: Profidata

LBB-Invest has recently licensed the fully integrated investment management system XENTIS from Profidata.

The implementation project has already been started successfully. XENTIS will replace the current solutions for order management, compliance and fund accounting of other suppliers. The decision for XENTIS from Profidata was the result of an extensive software evaluation project, which looked into different solutions of various suppliers. Mr. Andreas Heß, i. a. responsible Executive Director for IT and Operations at LBB-INVEST comments on the decision as follows:

«LBB-INVEST sees itself as premium provider with a boutique-approach. This means we concentrate on the core competencies of our house and offer an exclusive range of products.

XENTIS will enable us, to even better meet the demands of complex fund administration and fund accounting in a dynamic market.»

With LBB-INVEST Profidata could extend its already strong presence in the public law market of investment companies in Germany.

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