Firm Expands INDATA Technology and Software Usage to Streamline IT & Investment Operations Functions
Greenwich, CT — September 19 – 2016 — INDATA, a leading industry provider of software, technology and services for buy-side firms, today announced that Renaissance Investment Management, an institutional and high net worth investment manager with approximately $4.4 Billion in AUM, based in the Greater Cincinnati Area has expanded their use of INDATA’s Intelligent Portfolio Management® software suite. The firm has implemented iPM Cloud, INDATA’s private cloud solution and upgraded to the latest version of the software, iPM Epic.
Renaissance, a long term INDATA client, had been looking at ways to streamline their IT infrastructure and also increase the efficiency of its investment operations. After a detailed review of available options open to the firm, Renaissance decided to expand and upgrade its use of INDATA’s solutions, choosing iPM Cloud for their technology infrastructure needs and iPM Epic for their front-to-back office investment software suite.
Among the key advantages of iPM Cloud for Renaissance was the ability for INDATA to host other applications including desktops for end users and other specialized proprietary applications in one outsourced private cloud environment provided by INDATA.
“Having all of our key software applications in one place creates many efficiencies in terms of interoperability between systems, so expanding our partnership with INDATA was the logical decision. What impressed us most was the willingness of INDATA personnel to go out of their way to make our transition to iPM Cloud smooth and trouble free,” commented Sudhir Warrier, Senior Partner & Chief Operating Officer, Renaissance Investment Management. “With INDATA as our front-to-back office investment software provider, outsourcing our technology infrastructure via iPM Cloud streamlines how our end users are able to operate, allowing our firm to better focus on the business of investing and also satisfying industry best practices for disaster recovery and business continuity planning.”
“We are delighted that Renaissance has decided to expand their usage of our products and services and we look forward to continuing to serve them as a trusted partner for their investment technology needs now and in the future,” commented David J. Csiki, President of INDATA.
For more information on INDATA’s product offering, visit www.indataipm.com
INDATA is a leading specialized provider of software, technology and services for buy-side firms, including trade order management (OMS), compliance, portfolio accounting and front-to-back office delivered via iPM Epic® – the industry’s first investment technology platform specifically designed for the era of big data. INDATA’s iPM – Intelligent Portfolio Management® technology platform allows end users to efficiently collaborate in real-time across the enterprise and contains the best of class functionality demanded by sophisticated institutional investors. The company’s mission is to provide clients with cutting edge technology products and services to increase operational efficiency while reducing risk and administrative overhead.
INDATA provides software and services to a variety of buy-side clients including asset managers, registered investment advisors, banks and wealth management firms, pension funds and hedge funds. Assets under management range from under $1 billion to more than $100 billion across a variety of asset classes (i.e. equity, fixed income, etc.) both domestic and international. For more information, visit www.indataipm.com or follow us on Twitter: @indataipm