Loomis Sayles & Company L.P., US-based investment management firm with over $156 billion AUM, has selected the Cadis EDM platform to centralize its data management processes.
Cadis, the global EDM specialist, will provide a significant enhancement to the company's infrastructure, delivering cleansed and validated data while allowing for increased transparency and data governance throughout the organization.
During a successful Proof of Concept, Cadis proved it could rapidly create a data hub empowering users by consuming data from numerous sources, cleansing, validating, mastering and distributing data to different mission-critical systems. Phase I of the implementation process will include the security and issuer master.
"Our decision to work with Cadis was based on many different factors. A solid track record of successful implementations, a flexible data model, customer recommendations and a strong North American presence," said Mark Weiss, Director of Enterprise Data Management at Loomis Sayles. "Cadis proved it has the ability to meet our unique data management requirements quickly and efficiently, enabling us to rapidly satisfy the demands of the business users."
"A key trend we're seeing in North America is firms looking to bolster their data management capabilities and use data as an asset," said Daniel Simpson, CEO at Cadis. "In the north east region, we've signed two clients in the last two months and expanded our Boston office to cope with increasing demands for our successful data management solution."