Indata, a leading industry provider of software, technology and services for buy-side firms, today announced that Renaissance Investment Management, an institutional and high net worth investment manager with approximately $4.4 Billion in AUM, based in the Greater Cincinnati Area has expanded their use of Indata’s Intelligent Portfolio Management® software suite.
The firm has implemented iPM Cloud, INDATA’s private cloud solution and upgraded to the latest version of the software, iPM Epic.
Renaissance, a long term INDATA client, had been looking at ways to streamline their IT infrastructure and also increase the efficiency of its investment operations. After a detailed review of available options open to the firm, Renaissance decided to expand and upgrade its use of INDATA’s solutions, choosing iPM Cloud for their technology infrastructure needs and iPM Epic for their front-to-back office investment software suite.
Among the key advantages of iPM Cloud for Renaissance was the ability for INDATA to host other applications including desktops for end users and other specialized proprietary applications in one outsourced private cloud environment provided by INDATA.
“Having all of our key software applications in one place creates many efficiencies in terms of interoperability between systems, so expanding our partnership with INDATA was the logical decision. What impressed us most was the willingness of INDATA personnel to go out of their way to make our transition to iPM Cloud smooth and trouble free,” commented Sudhir Warrier, Senior Partner & Chief Operating Officer, Renaissance Investment Management. “With INDATA as our front-to-back office investment software provider, outsourcing our technology infrastructure via iPM Cloud streamlines how our end users are able to operate, allowing our firm to better focus on the business of investing and also satisfying industry best practices for disaster recovery and business continuity planning.”
“We are delighted that Renaissance has decided to expand their usage of our products and services and we look forward to continuing to serve them as a trusted partner for their investment technology needs now and in the future,” commented David J. Csiki, President of INDATA.