Asset Control, the financial data management solutions, received several awards as an innovator and proven software provider throughout 2009, as well as enjoyed a record year in terms of new client signings and success in completing an aggressive agenda of new products and enhancements.
2009 Awards and Recognition
Asset Control won the following industry awards in 2009:
Best Enterprise Data Management Vendor by readers of Inside Reference Data in May 2009
Best Enterprise Data Management/Reference Data Product in Banking Technology magazines third annual Readers Choice Awards in November 2009
Financial-i magazines fourth annual Leaders in Innovation Award for Enterprise Data Management (EDM) in December 2009
In addition, Asset Control was recognized as a leading innovator in financial markets technology by Financial News in its 4th annual Tech 21 list of innovators and market leaders for the 21st century, as published in November 2009. Asset Control was chosen for its well-timed upgrades and launch of new products to meet industry needs, and for its success in gaining new clients despite the economic downturn.
Historic, Record Year for New Clients
Asset Control continues strong organic growth by adding more new clients in 2009 than any other year on record since the company was founded in 1991. Financial institutions across the industry and global spectrumincluding hedge funds, insurance firms, asset managers, and commercial and investment banks in North America, Europe, UK and Asiaselected Asset Control for data management. Among these new clients signed in 2009 are Ping An Insurance (Group) of China and Investment Technology Group (ITG). Asset Control is expanding its team and operations to support its growing, global customer base.
New Product Launch and Key Innovations
Asset Control successfully completed an aggressive program of product enhancements designed to help customers meet the challenges of pricing and valuation, business entity data and counterparty risk, as well as help financial institutions in Asia expand their businesses and become more globally invested. The company also launched a revolutionary new data management product, AC Invest, creating a new paradigm that allows clients to adopt a role- and consumption-based data management approach suited to their specific business operations.
Asset Controls key product innovations in 2009 included:
Launch of the new AC Invest product for role-based data management compliance
Enhanced desktop capabilities for price discovery and valuation
New native language support for Asia
Avox partnership to enhance business entity data quality and workflow
Expanded Fitch Ratings credit and issuer coverage
Added fully supported FinChina feed handler
In 2010, Asset Controls product development roadmap will focus on helping clients gain greater efficiencies in data management, improve risk management and compliance, and enhance the distribution of and access to data throughout their organizations.
D.C.