The Year 2009 in Review: Asset Control Wins Industry Awards for Enterprise Data Management, Breaks New Client Record
Asset Control, the world-wide leader in 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 magazine’s third annual Readers’ Choice Awards in November 2009
• Financial-i magazine’s 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 spectrum—including hedge funds, insurance firms, asset managers, and commercial and investment banks in North America, Europe, UK and Asia—selected 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 Control’s 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 Control’s 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.
Phil Lynch, Asset Control’s president and chief executive officer, said, “Asset Control’s new product innovations and enhancements, rapid implementation methodologies, and unique and flexible approach to helping customers align the management of data with their specific business goals have all contributed to the recognition it continues to receive in the financial services industry—in the form of awards and new clients. By making steady investments in our solutions, we are able to help firms accelerate their time to market, resolve the data management issues that continue to play a critical role in their ability to overcome specific business challenges, and equip them to meet new requirements in the future.”