Montanaro users will benefit from automated portfolio management, trading and order management, compliance and integrated electronic trading via FIX (Financial Information eXchange) through the Charles River Network. Montanaro is utilising Charles River's Managed Services offering of Application Management and Hosting for the Charles River IMS, designed to help reduce costs and increase ROI by supplying system expertise and hosted infrastructure.

"We are recognised for our expertise in investing in pan-European quoted SmallCap rather than in handling day-to-day system and technology challenges," said Charles Montanaro, CEO and founder of Montanaro. " Our decision to work with Charles River is a testimony to the professionalism we have established in all areas of our firm. As an independent boutique, we strive to ensure excellence in returns and service for our clients. Charles River will help us to continue to grow while maintaining the highest standards of performance at all times. We are delighted that Charles River will now manage and host our portfolio management, trading and compliance systems. We have come to know Charles River well during the implementation process and are looking forward to working closely with them in the future"

Charles River's Managed Services helps clients mitigate operational risk by providing off-hour support, management of application integration, disaster recovery planning and system expertise. Charles River also offers a managed Data Service that provides clients with mapped, fed and monitored security and reference data. Hosting of Charles River IMS is supported by four highly-secure, SAS70 Type 1- and II-certified data hosting centers in the US and UK, owned and managed by Rackspace. Charles River's standard hosting model provides each client with a dedicated instance of Charles River IMS on a shared virtualized hosting infrastructure, with 24x7x365 global system expertise and support.

"Charles River's Mes River's Managed Services provides clients like Montanaro with a level of efficiency often associated with much larger companies, allowing them to focus internal resources on key business activities," said Tom Driscoll, managing director, Global, Charles River Development. " More than 50 buy-side firms worldwide currently use our Managed Services as a fully-outsourced application management and hosting solution."