Over the past 18 months, Vermilion has seen very strong growth in its client base. The current business landscape continues to change and this is reflected in the way in which asset management firms communicate to their clients. Client reporting and communications provide a valuable way to administer better transparency and customer service. The changing legislation has also spurred firms to look towards tools that help streamline this process. The key is to implement a solution that is fit for purpose, fully automated, flexible and scalable to meet today's requirements as well as tomorrow's.

By selecting Vermilion Reporting Suite (VRS), asset management firms benefit from a fully automated client reporting process, whatever their business environment. The system is designed to fit into existing and established business processes, from high-touch, low-volume processes to low-touch, high-volume processes. There is also the added ability to choose how reports are to be presented to each client in terms of format and branding.

Commenting on the move, Ben McCormack, Senior Vice President, Client Services of Vermilion Software said, "It's been a very busy 18 months and we are delighted to have received such strong demand for our products and services. Vermilion not only offers a market leading solution, but also the necessary specialist in-house knowledge which is vital for the success of any project and the ability to successfully deploy VRS globally.

We will continue to invest in the four key areas of our business that have led to our longevity and success: the solution - making it fit for all client reporting needs; the company - to ensure its robustness; client support - as this is key to any business; and building strong partnerships with our clients to ensure that we can work together, thus building a healthy and prosperous relationship for years to come."