Source: Linedata Services
Linedata Services, a leading provider of software and services to the global financial services marketplace, today announced that it has signed an agency agreement with Capital Market Solutions Limited (CMS).
Under the terms of this agreement, CMS will be marketing, selling and supporting Linedata Services' asset management software products in the Australasian and the Far Eastern markets.
In recent years, Linedata Services has built a strong presence in Europe and North America, through sales of its front office and fund accounting products. The Asset Management division accounts for more than 54% of the turnover of Linedata Services, making it the biggest operating unit in the group, with over 350 employees.
CMS is a market leader in the provision of sell side solutions in Australasia and the Far East. Established in 2003, through a management buy-out of the Asia Pacific operations of Misys Securities Trading Systems, CMS now employs 90 people across 5 offices in the region. The company has recently established an asset management arm, where focus will be on the sales and marketing of Linedata Services' LongView Trading and Linedata Compliance products.
Paul Roberts, Chief Operating Officer at Linedata Services (UK) Ltd, commented, "We are delighted with our new partnership with the team at CMS. With offices in Australia, New Zealand, Hong Kong and Malaysia, CMS is ideally placed to bring our asset management products to their local marketplaces. Our partners will be fully supported in their activities by our product centres in the UK and US. CMS's combination of global experience and local expertise makes them an ideal partner for us in Asia Pacific."
Ralph Horne, Chief Executive Officer at CMS, explained, "CMS has quickly established itself as a leading supplier in its chosen geographic markets, predominantly in the broking sector. Having recently created an asset management operation, our partnership with Linedata Services is a timely one and we believe there are exciting opportunities ahead for promoting their modern technology buy side products in our region. We are very pleased to be working with Linedata Services, and we look forward to a long and successful relationship with them."