Linedata Services will acquire the operations of US-based Global Investment Systems (“GIS”), which specializes in back-office software solutions for the mutual fund and hedge fund industries.
Founded in 1992, GIS supplies investment, shareholder and partnership accounting software to fund managers and administrators in the US, and international off-shore markets. Through its integrated product line that includes MFACT, MSHARE and MPARTNER, GIS is able to service more types of fund structure than other software providers.
Anvaraly Jiva, CEO and chairman of the Executive Board of Linedata Services, said, “We are very pleased to merge with GIS. Together, with our existing Best of Breed back office systems, Icon and Chorus, we now have an exhaustive front-to-back offering which spans the requirements of all market segments, including the North American market. Moreover, the operation also means additional fantastic opportunities in terms of cross-selling, particularly as regards LongView Trading our front-office solution which is increasingly popular with the world’s key fund managers.”
Nigel Wilson, CEO of GIS, added, “We are happy to become a part of Linedata Services and look forward to working together to leverage our combined products and services in response to the growing market demand in the investment funds industry.”