GlobalCapital plc renews with Linedata Icon

Malta-based financial services provider continues to benefit from high automation and efficient workflows

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PARIS, LONDON, 15 May 2012 Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that Malta-based financial services provider, GlobalCapital Financial Management Ltd, which forms part of the GlobalCapital plc group, has renewed its contract for Linedata Icon, a market leading fund accounting platform and part of Linedata’s comprehensive solution for institutional investment managers and third party administrators.

GlobalCapital plc is a leading financial services provider, operating in insurance, investment and property services. Its subsidiaries have been in the market for over 40 years.  The company first ventured into fund administration in 2007 and undertook a thorough selection process to find a software system that best fit and supported its needs.  Linedata Icon was chosen based on its match to GlobalCapital’s selection criteria and requirement for strong vendor credentials.  The flexible configuration and high level of automation within Linedata Icon allows more of GlobalCapital’s business operations and processes to be handled within the system, providing a very efficient workflow.

James Blake, Chief Operating Officer for Global Capital, commented, “Most firms have been affected by the economic downturn and have had to revisit their processes and operations resulting in more robust and efficient outfits.  Despite this, the Maltese financial services industry continues to grow in strength. It has been able to capitalise on its attractive fiscal environment within the EU, a robust regulatory environment and its well-trained, motivated workforce. New opportunities have been created which GlobalCapital is seeking to benefit from. Looking forward, we are confident that this experience will place firms like ourselves in a more competitive position.  This is further strengthened by Linedata’s flexible systems, its approach to supporting our business model and the support offered by Linedata in an increasingly complex environment, both in terms of regulation and portfolio diversification.

“Our experience with Linedata has been very positive. Linedata continues to provide great hands on support and has helped our staff gain the knowledge and expertise to optimize the processes within Linedata Icon. Today, our staff has sufficient knowledge to benefit from the efficiencies that Linedata Icon can provide, and for these reasons, when the time came to renew our contract, we saw no reason to consider an alternative provider.”

Adrian Andrews, Managing Director for Linedata Northern Europe, said, “I am delighted that GlobalCapital has continued its commitment to Linedata Icon.  We work in partnership with our clients and continually invest in our software solutions and services to ensure that we provide the best functionality today and in the future.  Linedata Icon forms part of Linedata’s back office platform, providing a complete, scalable solution for both administrators and asset management firms around the world. We have an increasing number of clients in Malta and other financial jurisdictions and we are proud to support these centers with solutions that meet the challenges of managing greater complexity in regulation and diversification of portfolios.”

ABOUT LINEDATA

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 setup of SaaS 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 137.3 million in 2011. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.

Linedata provides comprehensive 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, subsidiaries of banks or independents, and administrators.

Linedata Icon is a complete back office investment management, fund accounting, portfolio valuation and fund pricing solution for all types of funds and all sizes of institution. Centred on its core, real-time, multi-currency accounting system, Linedata Icon manages stock positions, generates, records and accounts for all investment transactions and calculates accurate Net Asset Values and prices for multi-class collective investment funds.

ABOUT GLOBALCAPITAL

GlobalCapital is listed on the Malta Stock Exchange and is the result of a merger between two leading Maltese financial services companies in 2003. The group’s Life Insurance operation was established in 1965 whilst the Investment Services arm was established in 1987. The group is one of the early pioneers in the development of Malta’s financial services sector with one of its companies, GlobalCapital Financial Management, being one of the founding members of the Malta Stock Exchange. The Group, which has both local and international shareholders, was listed on the Malta Stock Exchange in 2001.

Over the years GlobalCapital has enjoyed rapid growth primarily offering its services in Malta. The group has developed into a leading financial services provider in Malta offering a varied portfolio of services to cater for the diverse needs of its clients and operating in three main areas: Insurance (as a Life Principal; exclusive agent to Bupa in Malta and General Insurance Broker), Investment Services and Property Services.

For more information, please contact:

Linedata
Beth Allan, Marketing Manager Northern Europe
Tel: +44 207 469 8724
beth.allan@uk.linedata.com