FactSet Research Systems Witnesses Revenue Uptick of 0.5% for Second Quarter

Phil Hadley FactSet After a difficult first quarter of fiscal 2010 (see our coverage here), data and analytics vendor FactSet Research Systems seems to be experiencing a return to form with an overall revenue increase of 0.5% for the second quarter on previous year’s figures. Phil Hadley, chairman and CEO of the vendor, indicates that he believes the investment in its business via the launch of a new platform and the decision to go from offering data integration services to offering its own data feeds has paid off for FactSet and is the reason behind its “highest quarterly user growth in two years”.

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17 Mar 2010
 
Half of Eagle’s Pipeline is Now from ASP Side of the Business, Says Newland

Danielle Newland Eagle The focus of data management projects may change along with the questions around achieving business buy in, but the answers about the benefits and practical considerations remain the same, says Danielle Newland, product manager of data management solutions at Eagle Investment Systems. What has changed, however, is the level of interest around outsourcing and application service provider (ASP) solutions in the current market. According to Newland, 50% of the vendor’s pipeline is coming from the ASP side of the business; thus backing up the predictions made by her colleague John Lehner last year (see here).

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15 Mar 2010
 
DST Global Solutions’ Harries Discusses His New Risk Management and OTC Derivatives Focused Role

Geoff Harries DST Following the appointment of Geoff Harries as the new global head of asset servicing for its Investment Management Solutions (IMS) business earlier this month (see here), DST Global Solutions is hoping that the ex-Fiserv exec will bring his experience to bear on his new OTC derivatives and risk management focused role. Harries speaks to A-Team Insight 20 days into his new role, which involves responsibility for the vendor’s product strategy for its investment accounting platform HiPortfolio and its OTC Lifecycle Manager solution.

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12 Mar 2010
 
Industry is Experiencing Second Wave of Outsourcing, Says Netik’s Close

The regulatory scrutiny of data quality is driving firms to join in with the second wave of outsourcing that is sweeping the market, according to Colin Close, CEO of hosted data management solution vendor Netik. Close reckons that firms should not wait for standards to be set, either by the regulator or bodies such as the EDM Council, before tackling their data management challenges and that a new level of pragmatism is evident in the market.

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12 Mar 2010
 
EDM Market Experiencing a Strong Start to the Year, Says Asset Control’s Enfield

Rick Enfield Asset Control Since the launch of its AC Invest solution in October last year (see our coverage of the launch event here), the enterprise data management (EDM) solution vendor has witnessed an uptick in client interest in its new compliance focused offering, according to Rick Enfield, product business owner of the vendor’s AC Plus solution. The shift from approaching data management as a technology problem to seeing it as a business driven challenge has lent credence to the cause of EDM, he says.

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11 Mar 2010
 
Schroders’ Walsh and MoneyMate’s Brennan Discuss Collaboration for Data Quality Improvement

Gerard Walsh Schroders Since its decision to sign up for the MoneyMate investment data management solution in October last year, Schroders has been working closely with the vendor to control the aggregation and cleansing of their product information for presentation on websites. Gerard Walsh, head of change management for the web and customer relationship management (CRM) at Schroders, and Ronan Brennan, chief technology officer at MoneyMate, explain that the solution is aimed at enhancing the timeliness, accuracy and consistency of Schroders’ product information, which is communicated to their clients and distribution channels.

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11 Mar 2010
 
Strong Governance and Audit Trail is Key in the Data Management Endeavour, Says UBS’ Lux

The challenge of getting a whole firm “into the same boat” and understanding the true benefits of a data management project requires strong leadership and governance from the outset, said Hans Lux, enterprise data architect at UBS Global Asset Management, to the delegation in attendance at TSAM 2010 earlier this week. The importance of data governance is far from a new concept, but Lux stressed that firms should use the audit trail to their advantage in the current environment where regulatory scrutiny is so intense.

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11 Mar 2010
 

 
 

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