Linedata Services Named “Best Third-Party Accounting and Reporting Systems’ Vendor of the Year”

BOSTON – Linedata Services announced today that it has been named the “Best Third-Party Accounting and Reporting Systems,” by HFMWeek, a leading weekly news source for the hedge fund sector, at the inaugural HFMWeek US Service Provider Awards.

“Linedata Services is honored to be recognized as the best accounting and reporting systems vendor in the alternative asset management space today,’” said Annie Morris, Managing Director of Linedata Services North America. “We are committed to delivering solutions needed by the market, and the current volatility highlights just how important they are to this evolving industry. With over 12% of the world’s largest hedge funds relying on Linedata Services, we have a proven track record in increasing operational efficiencies, streamlining workflows, compliance, reducing risk and driving investor confidence.”

The HFMWeek service provider awards recognize companies that have outperformed their peer groups over the course of 2009. They are judged both quantitatively and qualitatively, producing a list of winning companies that have demonstrated financial progress, growth and genuine innovation.

This award recognizes recent developments in Linedata Services’ alternative technology solutions following the recent launch of several new products in the hedge fund suite. These new versions include robust counterparty risk reporting functionality, enhanced scalability meeting throughput demands and streamlining workflows for fund accounting. Linedata Services Hedge Fund solutions empower alternative asset managers with the industry’s most advanced tools, helping them see, identify and respond to opportunities in real time.

“Industry recognition is hard won, and we believe this is a testament to Linedata Services’ best-of-breed technology and innovation,” said Anvaraly Jiva, CEO and Chairman of the Executive Board for Linedata Services. “This has been a great year for Linedata Services, which has taken many of the industry’s top honors across our entire suite for the buy-side. Our ability to add real-time insights across the entire investment cycle is clearly something that the industry values, and we are very proud that this has now been recognized by HFMWeek.”