Linedata Continues as Leader in Offering Hosting Services for Over 20 Years
PARIS, June 28, 2011: Linedata, the global solutions provider dedicated to the investment management and credit industries, today announced that their Linedata Hosting global client base has reached 105 clients. With more than 20 years of hosting experience, Linedata continues to be the leader in delivering hosted services and solutions to the buy side industry. Clients’ increasing demand to migrate to this model demonstrates that Linedata’s hosting services are well suited for meeting business requirements, particularly as the initial implementation and subsequent upgrades are streamlined, cost of ownership is reduced and the burden on internal IT staff is alleviated as businesses grow. Linedata Hosting allows firms to focus on managing their business, leaving the technology burden to Linedata experts.
Offering highly scalable solutions, the 100+ clients that use Linedata Hosting span the globe and include financial institutions, hedge funds, mutual funds, third party administrators, pension funds, custodians and insurers. Linedata Hosting is suitable for major financial institutions and small start-up firms alike, and uniquely, Linedata can deliver its entire front-to-back office solution as an integrated, hosted offering. With existing hosted client user numbers ranging from 1 to over 300, Linedata Hosting is the trusted provider to one of the US’s largest financial services holding companies with over $170 billion in AUM. The largest French custodians also rely on Linedata to process over 6 million employee savings accounts.
Offering improved efficiencies and reduced operational risk with its 24×7 support and disaster recovery planning, Linedata’s state-of-the-art, SAS 70, Level 2 data centers are located around the world. Firms using Linedata Hosting are able to lower their cost of ownership and enhance their return-on-investment with systems that are kept up to date, available and managed by Linedata’s industry experts. Using this environment, firms also experience improved reliability, availability, scalability and security of their systems.
The underlying infrastructure of Linedata Hosting is protected by a series of advanced system security measures including firewalls, IP restrictions and encryption, and includes redundant application and database clusters. Services also include off-site storage, proven disaster recovery capabilities, user administration and performance management. Regular maintenance and support of the hardware and software is performed by Linedata staff and any software patches are automatic.
“Linedata continually invests in development that increases our expertise to deliver best-of-breed solutions to the marketplace,” states Mike de Verteuil, Group Business Development Director at Linedata. “Our proven Linedata Hosting solution helps clients get the full benefits of all Linedata products quickly and easily. We are seeing an increased demand from the marketplace for our hosting expertise and in fact, since the beginning of 2011, 60% of Linedata’s new clients have chosen to use our Linedata Hosting solutions.”
Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 800 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 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.