Paris and Boston, February 15, 2012 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced a new platform for the growing fund administrators, Linedata Admin Edge. This new platform has fund accounting, investor administration, income allocations and web reporting capabilities, enabling it to handle an administrator’s most complex client demands with investor-recognized, best-of-breed technology, all at a simplified price. Linedata Admin Edge is available as a fully hosted or in-house solution.
Linedata Admin Edge is a response to market conditions in the fund administration market, where increased regulatory reporting requirements in the alternative investment market and growing demands from fund managers and investors have brought additional challenges to administrators seeking to service their clients. Peter Muldoon, Executive Vice President at Linedata, explains: “Small and medium sized administrators are seeing an increased demand for services – they are being asked to report on more aspects of the fund, more frequently. We are offering a solution, Linedata Admin Edge: a single, comprehensive platform which can take care of all the administrator’s software requirements and assist in providing excellent service while keeping their costs and vendor management time under control. We have seen excellent traction in the market for Linedata Admin Edge, and indeed have already signed three clients, with several more in the offing.”
Linedata Admin Edge harnesses Linedata’s best of breed software in the fund accounting, investor administration, income allocations and web reporting areas as well as the company’s long-standing hosting expertise. Peter Muldoon comments: “Linedata is firmly established in this market, with world class administrators as clients, operating from multiple jurisdictions around the globe. Linedata Admin Edge is the next logical step, integrating existing software, services and expertise to meet administrators’ needs. It is provided as a single, rapid installation and enjoys Linedata’s superior training and client support throughout the world.”
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 900 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the set up of ASP infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 137.8 million in 2011. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.
Linedata provides comprehensive front-to-back solutions and services to manage all types of investment processes, from pre-trade to post-settlement, across a wide range of firms, including institutional portfolio and collective management companies, hedge funds, prime brokers, fund managers, transfer agents, corporate savings fund managers, and subsidiaries of banks or independents.
For more information, please contact:
+44 207 469 8725
email@example.com – www.linedata.com