iPM Epic year for InData 19 January 2016Greenwich, Connecticut Reporter: Stephanie Palmer
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Software, technology and service provider InData has reported record growth in 2015, mainly attributed to a strong uptake of its iPM Epic platform.
The investment technology platform is designed specifically to handle big data, and can automate external data feeds, unify data sources and use external data for advising marketing materials and investor presentations.
While creating a comprehensive insight in to client data, it also offers a more complete view for regulatory compliance purposes.
InData saw a significant increase in new clients using services delivered through the iPM Epic platform, as well as new clients migrating. Revenue related to the platform reportedly almost doubled compared to 2014, with iPM Epic accounting for 77 percent of revenue additions in 2015.
The company also saw growth in its iPM Cloud offering, which offers simpler installation and maintenance of products and ongoing support. While some existing clients migrated to the cloud-based offering, the iPM Cloud option was chosen by 75 percent of new customers.
Finally, InData reported a increase in new international expansion, which it attributed partly to an increased demand for data management and analytics services among global buy-side firms. Business outside of the US accounted for 37 percent of new revenue in 2015.
According to InData, this has allowed for the development new products and services for both new and existing clients, and has led to new international relationships.
David Csiki, president of InData, said: “Our early investments in big data technology delivered via iPM Epic, released in 2014 and deployed via iPM Cloud, have paid off.”
He added: “Heading in to 2016, our firm is well positioned within the marketplace as an innovator and we will continue to expand our software, technology and services offering for the benefit of current and future clients in all regions.”
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