PFS launches PFS-CLOUD 11 March 2019Sydney Reporter: Jenna Lomax
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Pacific Fund Systems (PFS) has launched its new platform, PFS-CLOUD, which provides clients with a fully optimised, vendor-hosted and fully-managed IT infrastructure supporting PFS’ software.
The group has grown steadily year-on-year since its launch in 1999 in Hong Kong and now offers new and existing clients a stable and current software, supporting fund administrators to offer a service to their fund management clients around the world.
PFS’ European and Australian offices expanded considerably over the last three years to mirror the growth in their global client base.
PFS, is a privately-owned technology company that develops, distributes, supports and now hosts, a ‘one-stop-shop’ software solution for the automation of back office fund administration services to investment funds.
PFS’ core product is the PFS-PAXUS system—a product that supports wholesale fund administration and the administration of open and closed-ended traditional and alternative funds, including retail funds, hedge funds, and private equity investment vehicles.
Commenting on the group's 2018 performance Paul Kneen, group CEO, of PFS, said; "I am obviously delighted with the current trajectory of the PFS group as we continue to win market share in a niche, albeit rapidly expanding area of financial services technology.”
He added: “With ever increasing developments in automation required in response to ongoing market demand, we believe there is currently no better multi-functional market wide product that can compete head-on with PFS-PAXUS. We take pride in ensuring we meet and exceed our client's exacting demands and will continue to pursue this aim throughout 2019."
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