Broadridge Financial Solutions has reported a 29.6 per cent decrease in third quarter net earnings on the previous fiscal year. However, net revenues for the same quarter, ending 31 March 2008, have grown by 1.2 per cent on last year’s figures to $498.8 million.

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Bloomberg has certified Charles River Development’s integration with the Bloomberg Server API. Charles River Investment Management System (Charles River IMS) clients can access Bloomberg’s real-time pricing and static reference data, with full control over exchange/contributor permissioning, directly within Charles River IMS.

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GoldenSource, a provider of enterprise data management (EDM) solutions, has reported strong sales of its solutions in London, Brussels, New York and Toronto during the first quarter of 2008. Across all of its market segments, the company reported five new contract wins with an expanding customer base and one significant upgrade with an existing client.

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NumeriX, a provider of pricing and risk analytics for fixed income, credit, foreign exchange, hybrids, cross currency, commodities, inflation rate and equity derivatives, and Paladyne Systems, a solutions provider for the hedge fund industry, have formed a strategic partnership which combines the NumeriX trading, pricing and analytical toolset with Paladyne’s hosted front-to-back office hedge fund platform.

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MicroStrategy, a provider of business intelligence software and master data management platform provider Siperian have signed an OEM agreement through which Siperian will resell MicroStrategy 8 with Siperian MDM Hub, as part of a new offering called Insight Manager.

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MicroStrategy, a provider of business intelligence software and master data management platform provider Siperian have signed an OEM agreement through which Siperian will resell MicroStrategy 8 with Siperian MDM Hub, as part of a new offering called Insight Manager.

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Data quality specialist Datanomic has secured a further $3.5 million investment on the back of a year of growth and momentum, it says. The investment, provided by 3i, DN Capital and Silicon Valley Bank, will fund Datanomic’s geographical expansion, strategic partnership activities, and help develop market penetration within its two core lines of business – SPS (Sanctions PEP Screening) and DQI (Data Quality Integration). The vendor says demand for its data quality platform, dn:Director 6.2 (Reference Data Review, February 2008), helped it grow its revenues by more than 300 per cent during the past 12 months and secure more than 50 new customers in the financial services, as well as telecoms and retail, markets.

Following its acquisition by the Dubai International Financial Centre (DIFC) – owner of the Dubai Stock Exchange – last year (Reference Data Review, November 2007) SmartStream Technologies has expanded its global operations with a new office in Dubai based at the Dubai International Financial Centre, from which it plans to serve the large and diverse financial community in the Middle East. DIFC’s acquisition of transaction lifecycle management (TLM) systems provider SmartStream is part of its strategy to develop a set of hosted information and trade processing services. Via its Dubai office, SmartStream will be offering its range of TLM solutions, already used by more than 75 of the world’s top 100 banks, direct to the Middle Eastern market, according to the vendor.

The acquisition of credit derivatives data specialist Credit Market Analysis (CMA) by derivatives exchange CME Group is positioned as enabling CME to grow its activities in the OTC credit derivatives market, and as generating opportunities to combine the CMA data services with CME’s trade execution and clearing capabilities to create new offerings for the marketplace both in the credit space and beyond.

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The acquisition of credit derivatives data specialist Credit Market Analysis (CMA) by derivatives exchange CME Group is positioned as enabling CME to grow its activities in the OTC credit derivatives market, and as generating opportunities to combine the CMA data services with CME’s trade execution and clearing capabilities to create new offerings for the marketplace both in the credit space and beyond.

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Following its acquisition by the Dubai International Financial Centre (DIFC) – owner of the Dubai Stock Exchange - last year (Reference Data Review, November 2007) SmartStream Technologies has expanded its global operations with a new office in Dubai based at the Dubai International Financial Centre, from which it plans to serve the large and diverse financial community in the Middle East.

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Data quality specialist Datanomic has secured a further $3.5 million investment on the back of a year of growth and momentum, it says. The investment, provided by 3i, DN Capital and Silicon Valley Bank, will fund Datanomic’s geographical expansion, strategic partnership activities, and help develop market penetration within its two core lines of business – SPS (Sanctions PEP Screening) and DQI (Data Quality Integration).

The vendor says demand for its data quality platform, dn:Director 6.2 (Reference Data Review, February 2008), helped it grow its revenues by more than 300 per cent during the past 12 months and secure more than 50 new customers in the financial services, as well as telecoms and retail, markets.

Citadel Associates, provider of enterprise data management (EDM) systems for the buy side, has revealed its imminent name change to Cadis Software, assuming the name of its flagship product Cadis EDM Suite. Daniel Simpson, who has been a board member since July 2007, will take over the role of CEO, while former CEO Peter Little who joined (and invested in) the company in October 2007 (Reference Data Review, October 2007) has been appointed chairman.

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The question of what the merger of Bank of New York and Mellon would mean for the two data management vendors owned by the banks, Netik and Eagle Investment Systems respectively, has been answered, as Netik reveals its new primary investor as Symphony Technology Group. The two-part deal orchestrated by Netik (with Marlin & Associates as advisor) also answers another question: whether Capco, as a consultancy firm, would stick in the managed reference data services business. The answer is no, as Netik has also acquired Capco Reference Data Services (CRDS) with a view to fulfilling its vision of transforming from a pure software provider to a player in the software and service business.

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Data warehouse provider Netik has completed a buyout of its business from The Bank of New York Mellon Corporation and simultaneously acquired Capco Reference Data Services (CRDS) from Capco. Netik is now pursuing a vision of transforming from a purely software business into a software and service business, bringing together the CRDS capability to scrub multiple data sources to create a “single version of the truth” with the Netik data warehouse technology for reporting and data management. The data warehouse fulfils the role of on-site “container” and handles downstream distribution of the cleansed data. The vendor says it is already working with five clients interested in this expanded service-based proposition.

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Moody’s Corporation has acquired BQuotes, global provider of price discovery tools and end-of-day pricing services for fixed income securities. Terms of the transaction will not be disclosed, and the financial impact to Moody’s is not expected to be material.

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NumeriX, provider of pricing and risk analytics for fixed income, credit, foreign exchange, hybrids, cross currency, commodities, inflation rate and equity derivatives, has entered a partnership agreement with THEMA Consulting, provider of risk management, treasury and trading services and software.

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Master data management (MDM) platform provider Siperian says it has closed an oversubscribed $25 million Series E financing. Led by new investor, Investor Growth Capital (IGC), and with participation from 100 per cent of Siperian’s existing investors, the funding will be used to continue the company’s European expansion, accelerate channel development and further advance the development of the Siperian MDM Hub.

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Trepp, provider of CMBS and commercial mortgage information, analytics and technology, and Markit, supplier of independent data, portfolio valuations and OTC derivatives trade processing, have forged a partnership they say will bring greater transparency and accuracy to the valuation of synthetic Commercial Mortgage-Backed Securities (CMBSs).

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InvestEdge, provider of web-based wealth management software to large investment firms, and Evare, provider of financial data acquisition, enrichment, transformation and delivery, have formed a technology alliance. Through the agreement, firms utilising the InvestEdge ASP platform have access to reconciled, report-ready client data from virtually any custodian via Evare’s managed service.

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