Innovation and customer service praised
PARIS and NEW YORK, 24 October 2011 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to the investment management and credit industries, today announced that it had been named ‘Best Overall Technology Provider’ at the annual HFMWeek US Service Provider Awards, ahead of fierce vendor competition.
Having previously won awards for Linedata Beauchamp Portfolio Management Solution both in the US and European HFMWeek awards, Linedata has broadened its approach to hedge fund servicing, reflected in this higher award. Annie Morris, Managing Director of Linedata North America, explains, “We see our hedge fund clients and the industry in general becoming more sophisticated in their use of technology as they face the increasing requirements for transparency and more frequent, more in-depth demands for reporting from regulators and investors alike. Linedata, uniquely, has addressed this need by innovating to provide a truly integrated, full front-to-back platform, mapping hedge fund workflows and capable of handling a wide variety of instruments.”
HFMWeek independent panel of judges cited the qualities which placed Linedata above other contenders for this top award: “Consistent and innovative, Linedata impressed all of HFM’s judges. Praised for technical innovation, the judges were also particularly impressed with the firm’s commitment to customer service.”
Anvaraly Jiva, Founder and CEO of Linedata, commented: “We are thrilled to be named ‘Best Overall Technology Provider’ in the HFMWeek US Service Provider Awards. We constantly strive to stay abreast of industry trends in general and our clients’ needs in particular, and are delighted that our efforts and our continued commitment to the hedge fund market, and in particular our innovation and customer service, have been recognized in this way.”
Linedata’s hedge fund solutions are used by hedge funds throughout the world, from start-ups to some of the world’s very largest funds and most recognized industry innovators. The solutions that Linedata offers for hedge funds include trading and order management, portfolio management, compliance and reporting. This is the third hedge fund award that Linedata has won in 2011.
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 136.2 million in 2010. 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.