Cadis, the global EDM specialist, was selected as the central data hub for Perpetual Investments, which manages investment funds exceeding $27 billion in fixed income, domestic and global equities.

Perpetual selected Cadis based on the reputation and strength of its EDM platform. After a successful two-week Proof of Concept, Cadis successfully demonstrated it could replace Perpetual's in-house internally-built system and provide increased control around its data management. Perpetual is using the Cadis EDM platform to manage securities, pricing and the processing of positions and transactions.

"Cadis has improved our ownership and management of our data," said Mark de Courcey, General Manager Investment Administration at Perpetual. "We've achieved our goals for the first stage of the project. With Cadis' best practice approach, we can continue to develop and evolve with the solution to meet our current and future needs, streamlining our business processes and information flows."

"Perpetual's decision to work with Cadis is a testament to our strong track record and existing foothold in the APAC region," said Mike Meaney, managing director APAC at Cadis. "Clients want control and certainty around their data management initiatives to ensure they are going to be delivered successfully, on time and on budget. We've worked with Perpetual and our existing client base to prove this and build on our 100% successful implementation rate, in an industry typified by a failure ratio of over 50%. "