Fund Company chooses robust, proven solution to Support Growth
PARIS, LONDON and BOSTON, September 24, 2012 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced Open Finance TFI has implemented Linedata Mfact, the award winning fund accounting solution. Based in Warsaw, Poland, the investment fund company offers innovative investment products for individual and business clients. Founded in 2012, Open Finance will use Linedata Mfact for its automation capabilities, flexible general ledger and accounting rules in addition to its comprehensive reporting suite as they extend their range of products and services.
Fund companies continue to face complex regulations and increased investor demands. With the additional need to improve operational efficiencies and pressures to cut costs, firms must have the framework in place that provides automation and scalability to meet these challenges. Having the correct technology infrastructure is vital to complying with the many reporting burdens.
With over 20 years of proven experience, including 18 years in the Polish market, Linedata Mfact is used by some of the world’s leading financial institutions. Linedata Mfact offers full instrument coverage, flexible data interfacing, automated task scheduling and NAV dashboard oversight capabilities to provide firms with the technology to work more efficiently.
“As a new firm, we know Linedata is providing us the platform necessary to quickly and effectively help us build our business,” said Piotr Habiera, Managing Director at Open Finance TFI. “Linedata’s proven track record across their existing global client base is a strong one and choosing a reputable provider was important to our decision.”
Linedata provides Open Finance with the functionality that will evolve as they grow. With Linedata Mfact, Open Finance will have a comprehensive accounting and reporting platform to handle their global needs as they expand into new market and business lines.
“We are pleased to have Open Finance as our newly implemented client. Having them select Linedata after a comprehensive search validates our belief that we are offering the best solutions to fund managers and administrators,” said Adrian Andrews, Managing Director of Linedata Northern Europe. “Linedata Mfact will be instrumental in supporting Open Finance in their current and future business requirements.”
ABOUT OPEN FINANCE TFI
Open Finance Towarzystwo Funduszy Inwestycyjnych S.A. is an investment fund company and a member of an independent Polish group of companies that also comprises Open Finance S.A. and Getin Noble Bank S.A. Open Finance TFI offers innovative investment products and helps its customers choose the best form of investment for their needs by designing custom investment strategies.
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 20 years with the set-up 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.
For more information, please contact:
Karen M. Hays, Institutional Asset Management, Global Marketing Manager
Tel: + 1 617-912-4766