Equinoxe AIS Implements SunGard’s Asset Arena Investment Accounting Solution
Equinoxe AIS Limited has implemented Asset Arena Investment Accounting, SunGard’s global investment accounting and reporting technology platform. Equinoxe is a full-service alternative investment fund administration company headquartered in Bermuda with subsidiaries licensed and regulated in Ireland and Mauritius.
(Vocus) January 21, 2010
Equinoxe AIS Limited has implemented Asset Arena Investment Accounting, SunGard’s global investment accounting and reporting technology platform. Equinoxe is a full-service alternative investment fund administration company headquartered in Bermuda with subsidiaries licensed and regulated in Ireland and Mauritius.
Equinoxe needed a flexible and scalable system to support its rapidly growing hedge fund administration business. Asset Arena will help Equinoxe to automate its portfolio accounting processes, enabling the fund administrator to focus on core capabilities and provide value-added services to its clients.
Stephen Castree, chief executive officer of Equinoxe, said, “We have ambitious growth plans, so we were not willing to compromise in choosing our technology partner. After a highly competitive selection process, we chose SunGard’s Asset Arena because we believe it provides the most comprehensive set of capabilities to support our business model and expansion. Our choice underscores our commitment to investing in technology to help create the most efficient operations infrastructure for the benefit of our clients.”
Doug Morgan, president of SunGard’s institutional asset management business, commented: “Asset Arena’s ability to handle both traditional and alternative portfolios has made it an attractive solution for customers such as Equinoxe with sophisticated investment accounting needs. We look forward to working with Equinoxe’s highly regarded management team and supporting the company’s growth worldwide.”
About Equinoxe AIS Limited
Equinoxe was founded in 2007 by hedge fund professionals with experience in the set up of over 200 funds, the servicing of over $50 billion in assets and the management of company growth from inception to more than 250 people.
About Asset Arena
Asset Arena is SunGard’s global suite of products and services for asset managers, institutional investors, and traditional and alternative fund administrators. Asset Arena supports the core functions of the asset management industry including investment management, investment operations and investor servicing. By leveraging technologies such as business process management and software-as-a-service, Asset Arena helps investment firms manage complexity, increase efficiency, and reduce costs and operational risk, while maintaining agility to respond to changing business and regulatory requirements. For more information visit http://www. sungard. com/assetarena.
About SunGard
SunGard is one of the world’s leading software and IT services companies. SunGard serves more than 25,000 customers in more than 70 countries.
SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software.
With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and services company on the Forbes list of private businesses. Based on information compiled by Datamonitor*, SunGard is the third largest provider of business applications software after Oracle and SAP. Continuity, Insurance & Risk has recognized SunGard as service provider of the year an unprecedented six times. For more information, please visit SunGard at http://www. sungard. com.
*January 2009 Technology Vendors Financial Database Tracker http://www. datamonitor. com
Trademark Information: SunGard, the SunGard logo and Asset Arena are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U. S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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