LONGVIEW ACHIEVES TOP RANKING FOR SECOND STRAIGHT YEAR
BOSTON, July 2, 2009 – Linedata Services (NYSE Euronext: LIN), the global leader for financial software, services and support, announced today that it was named ”Best Order Management System” in the annual Waters Rankings by Waters Magazine, a leading publication tracking technology in the securities industry. Waters awards the title based on votes by end-users of the technology, providing a direct reflection of LongView Trading’s value for buy-side investment professionals.
The win is the second straight for the LongView Trading Order Management System (OMS). This year’s win also put Linedata in the top-three for two other hotly contested areas: Portfolio Management Systems with Beauchamp’s FundManager and the newly-created Hosted Solutions categories with Linedata Hosting.
“This year’s win cements our dominance of the order management space, and there is a growing recognition of Linedata’s leadership in the portfolio management and hosted solutions categories,” said Annie Morris, Managing Director for the North America region. “Linedata’s comprehensive front-to-back solution for the buy-side comprises a set of integrated tools that are truly best-of-breed. At Linedata Services, product innovation and client service comes first, and more awards are likely to follow.”
The Waters wins comes close on the heels of the launch of LongView 7, the most significant new release of that Order Management System in more than a decade. LongView 7 provides a comprehensive solution to many of the challenges facing the buy-side due to increased volatility, demands for greater transparency, and the convergence between hedge and mutual funds.
“Innovation, service, and deep relationships with our clients are the hallmarks of Linedata Services,” said Anvaraly Jiva, CEO and Chairman of Linedata Services. “We were pleased when these attributes – well known to our clients – were recognized by the rest of the market when we won the Waters award last year. This year’s win shows that these qualities are much more than words; they are part of this firm’s DNA.”
About Linedata Services
Linedata Services (Bloomberg: LIN:FP) is the global leader for investment software, solutions, and support. Linedata combines technological innovation, financial strength, and a deep understanding of the Asset Management, Leasing & Credit Finance, and Insurance & Savings industries. Linedata Services’ asset management division provides comprehensive, scalable solutions to the buy-side, to manage the entire investment process from pre-trade to post-settlement. Linedata is unique in offering a full front- to back-office solution via enterprise installation, or as an Application Service Provider (“software as services” or “service bureau” delivery), and has 20 years experience delivering ASP solutions.
Headquartered in France, Linedata Services achieved revenues of EUR 160.7 million in 2008, has offices worldwide and services more than 800 clients across 50 countries. For more information visit Linedata Services’ corporate site at www.linedata.com.
About LongView Trading Order Management System (OMS)
LongView is Linedata Services’ award-winning, electronic, global, multi-asset class OMS developed to support the needs of portfolio managers, traders, compliance officers and operations personnel. The comprehensive system provides portfolio modelling, electronic trading, pre-trade compliance and unparalleled access to liquidity. Through numerous partnerships and seamless integration, LongView offers customers access to the liquidity sources of their choice. Unique technology and a commitment to broker neutrality has won LongView ten of the top 25 global asset management firms, and more than 150 clients worldwide.
About Beauchamp Hedge Fund Solutions
Beauchamp, the hedge fund solutions offering from Linedata Services, has been building, marketing and supporting trading & portfolio management software products for alternative investment managers since 1997. The Beauchamp hedge-fund suite caters to multi-currency, multi-asset class, multi-prime and multi-strategy investing and spans all stages of the trade life cycle, from electronic trading and order management, through to real-time P&L, portfolio analysis, automated reconciliation and portfolio accounting.
About Linedata Hosting
Linedata Hosting gives clients a hybrid of deployed installation, which offers high levels of customization and control, and ASP, which reduces overhead and operational risk, for all of the products in Linedata’s front- to back-office suite. Linedata Hosting puts the product IT infrastructure at its data center in Boston, and provides a dedicated staff of Linedata employees to manage interfaces, do custom development, and provide dedicated support for a single client.