In response to growing industry demands for specialist best-of-breed solutions, the two companies will offer an integrated solution to deliver unparalleled functionality to the business user's desktop. The CADIS data management platform will give the user the ability to control the enterprise dataflows, data quality and data storage, providing the foundation for FundWorks to configure and generate high-quality client reports on validated data.

Using this unique proposition, business users can control the entire client reporting process, enabling asset managers to exceed their clients' reporting and service expectations by delivering quality client reports on time and with valid data content.

Jean Williams, Managing Director of Citadel Associates, says that "I am delighted that Citadel and FundWorks will be working together. The two companies have similar outlooks in terms of customer and technology focus and I believe we will be able to bring a unique offering to the market that will benefit all our customers."

The Chief Executive of FundWorks, Phil Goffin, comments that "By making use of Citadel's data management technology within the FundWorks solution, we can pre-populate our data hub with accurate and validated data. This way, we will be able to significantly reduce the time and effort required to manage the complex requirements of asset management client reporting."