Indata makes international push

Source: Indata

Indata, a leading industry provider of software and services for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office today announced the availability of iPM and iPM Cloud for international clients and also that the firm has signed, and is in the process of implementing, its first clients in the United Kingdom.

INDATA's international expansion follows the success of its iPM product suite launched in 2010 as well as the launch of iPM Cloud in 2011. Over the past two years, iPM and iPM Cloud have been established as premier solutions for institutional investment management firms looking for the combination of state-of-the-art technology along with built-in disaster recovery, instant scalability, and faster implementation timeframes than conventional systems. Based on the success of the iPM product offering, as well as the strength of the system's multicurrency functionality across asset classes, international investment managers can now benefit from iPM's expansive capabilities available as private cloud or in-house deployments.

iPM combines best of class technology, including fully open system architecture and integrated data management tools, along with comprehensive functionality for portfolio and fund accounting, reconciliation, performance and attribution, reporting, compliance, trade order management, billing, CRM, research management and other key functional areas utilized by institutional investment managers. iPM also provides a complete range of optional outsourcing services designed to increase operational efficiency.

iPM is modular and can be deployed on a back office basis (portfolio accounting, reporting and related functions), front office basis (OMS/EMS, portfolio modelling and compliance) or on a fully integrated front-to-back office basis. Especially significant are iPM's robust trade order management and compliance capabilities utilized by investment managers ranging from under $1 billion to over $100 billion in assets under management.

"We are thrilled to announce international expansion as the next phase of our continued growth strategy," commented David J. Csiki, Managing Director. "iPM represents a departure from the status quo of investment systems predominant in the marketplace today that lack operational efficiency, use legacy technology and/or silo-based architectures, or are the very expensive multiple vendor approaches used by some investment managers. We are very excited about our prospects for the future and look forward to serving our new clients in the UK and beyond," he added. 

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