LONDON, February 18, 2010 /PRNewswire/ -- Linedata Services (Bloomberg: LIN:FP), the global leader for investment management and credit technology, today announced that it has launched major enhancements to its back-office solutions offerings, with significant technology updates and functional extensions and powerful combinations of compliance monitoring, reporting and portfolio management capabilities with its core accounting systems. These will be made available for both on-site and hosted, ASP implementations.
This is the result of significant RD investments designed to support the growth of third-party administrators, and funds administered by a TPA or in-house. Linedata Services' ability to deliver best-of-breed core products in tight integration with one another, with flexible deployment options, is uniquely powerful in supporting the efficient growth and improved service offerings of its clients.
Leading third-party administrators are looking for ways to enhance their offerings as a way of attracting new clients and creating differentiation that delivers superior value, said David Bilbe, Linedata Services' Managing Director for Northern Europe. At the same time, funds administered by a TPA or in-house are looking for new ways to increase efficiencies, so they can ramp up their businesses without ramping up overhead. Both client types are benefitting from their partnership with Linedata Services.
Linedata Services' comprehensive back-office solutions allow clients to provide new services, such as flexible reporting and compliance, which can drive revenue growth. Linedata Services' solutions are also highly intuitive, easily customized and quickly installed, which allows clients to increase efficiencies by focusing on their core business objectives rather than information technology.
Linedata Services' innovative technologies have made it a global back-office leader with 228 clients worldwide, including some of the world's largest institutional fund and alternative institutions, including Alps Fund Services and Pioneer in North America, Deutsche Bank, Legis Fund Services Limited, and Mitsubishi UFJ Global Custody SA through Northern Europe, OFI Group in Southern Europe and Baillie Gifford and HSBC Securities Services in the United Kingdom.
Linedata Services is committed to our back office business in every region, and we've worked closely with top clients on researching the market opportunity, said Mike de Verteuil, Global Head of Business Development for Linedata Services. We've also made a massive investment in developing the leading global front- to back-office technology. Our firm-wide focus on research and development has put Linedata Services far ahead of the curve, with robust solutions that have anticipated clients' needs for growth in 2010, and beyond.
About Linedata Services
Linedata Services (Bloomberg: LIN:FP) is the global software provider for investment management and credit solutions. Linedata Services combines technological innovation, financial strength, and a deep understanding of the Asset Management, Leasing Credit Finance, and Insurance Savings industries. Linedata Services' asset management division provides comprehensive, scalable solutions to the buy side, to manage the entire investment process from pre-trade to post-settlement. Linedata Services is unique in offering a full front- to back-office solution via enterprise installation, or as an Application Service Provider (software as services or service bureau delivery), and has 20 years experience delivering ASP solutions.
Headquartered in France, Linedata Services achieved revenues of EUR 144.5 million in 2009, has offices worldwide and services more than 700 clients across 50 countries. For more information visit Linedata Services corporate site at http://www.linedata.com.
SOURCE: Linedata Services
CONTACT: Liz Fidler of Linedata Services, +44-207-360-1843,liz.fidler@uk.linedata.com
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