US-based investment management firm Loomis Sayles & Company has selected the Cadis EDM platform to centralize its data management processes.
Cadis will deliver cleansed and validated data while allowing for increased transparency and data governance throughout the organization. The EDM provider will create a data hub by collecting data from various sources, and cleanse, validate, master and distribute that data to Loomis Sayles & Co.s systems. Phase I of the implementation process will include the security and issuer master.
Our decision to work with Cadis was based on many different factors. A solid track record of successful implementations, a flexible data model, customer recommendations and a strong North American presence, said Mark Weiss, director of Enterprise Data Management at Loomis Sayles. Cadis proved it has the ability to meet our unique data management requirements quickly and efficiently, enabling us to rapidly satisfy the demands of the business users.
A key trend were seeing in North America is firms looking to bolster their data management capabilities and use data as an asset, said Daniel Simpson, CEO at Cadis. In the north east region, weve signed two clients in the last two months and expanded our Boston office to cope with increasing demands for our successful data management solution.
(JDC)