INDATA iPM Cloud grows client base 12 August 2015Greenwich, Connecticut Reporter: Stephanie Palmer
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Emerald Advisors has implemented INDATA’s iPM Cloud technology for its newly acquired boutique firm Elessar Investment Management.
Emerald already uses the platform, and began transferring Elessar immediately after the acquisition transaction was finalised.
iPM Cloud is designed to offer the same security benefits as a hosted environment in a flexible software-as-a-service model. Clients occupy a private environment with physical hardware security and infrastructure built in, while data can be accessed from anywhere, using the INDATA propriety model.
Scott Rehr, COO of Emerald Advisers, said: “Choosing iPM Cloud has proven essential to our growth strategy, since it removes the technical obstacles and IT expenditures that firms like ours would typically experience in trying to get remote sites up and running.”
He added: “This, combined with the fact that iPM is very easy to use and seamlessly integrates the automated trading platform with the portfolio management system, has helped tremendously in moving the Elessar end users off of their old system and getting them up and running with iPM quickly.”
David Csiki, president of INDATA, commented: “We are very fortunate to have many client success stories like Emerald Advisers, and are always gratified to see our clients expand, giving us the opportunity to work with new end users and different investment processes.”
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