Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced a new platform for the growing fund administrators, Linedata Admin Edge.
This new platform has fund accounting, investor administration, income allocations and web reporting capabilities, enabling it to handle an administrator's most complex client demands with investor-recognized, best-of-breed technology, all at a simplified price. Linedata Admin Edge is available as a fully hosted or in-house solution.
Linedata Admin Edge is a response to market conditions in the fund administration market, where increased regulatory reporting requirements in the alternative investment market and growing demands from fund managers and investors have brought additional challenges to administrators seeking to service their clients. Peter Muldoon, Executive Vice President at Linedata, explains: "Small and medium sized administrators are seeing an increased demand for services - they are being asked to report on more aspects of the fund, more frequently. We are offering a solution, Linedata Admin Edge: a single, comprehensive platform which can take care of all the administrator's software requirements and assist in providing excellent service while keeping their costs and vendor management time under control. We have seen excellent traction in the market for Linedata Admin Edge, and indeed have already signed three clients, with several more in the offing."
Linedata Admin Edge harnesses Linedata's best of breed software in the fund accounting, investor administration, income allocations and web reporting areas as well as the company's long-standing hosting expertise. Peter Muldoon comments: "Linedata is firmly established in this market, with world class administrators as clients, operating from multiple jurisdictions around the globe. Linedata Admin Edge is the next logical step, integrating existing software, services and expertise to meet administrators' needs. It is provided as a single, rapid installation and enjoys Linedata's superior training and client support throughout the world."