Global Investment Firm Selects Asset Control for Global Centralized Data Management
New York and London, December 12, 2005 – Asset Control, a leading provider of centralized data management solutions to the financial industry, today announced that San Francisco-based Barclays Global Investors (BGI), among the world's largest institutional investment firms, has selected Asset Control's flagship product, AC Plus, as their central data repository for reference data and time series data management worldwide. A global implementation will commence in January 2006.
"Asset Control's AC Plus solution was selected for its ability to provide BGI with high quality and consistent data management, strategic for our operations" said Iain Greer, Global IT Product Head of BGI. "In addition, particularly key to our selection was the solution's flexible architecture and the ease in which Asset Control could handle large volumes of data concurrently to accommodate our strict performance benchmarks."
AC Plus was selected following an extensive performance evaluation and will be configured to BGI's business requirements, managing data from a large number of external and internal data sources to include equity, fixed income and research data. AC Plus will consolidate the management of time series data and reference data, resulting in high-quality information to be distributed to many diverse applications such as BGI's trading systems, portfolio management systems and research systems.
"In planning to centralize data management globally, the most important factor for any buyer is the need for confidence in the core technology and the solution's ability to provide quality data management. We are pleased to have proven our world-class solution to BGI and are delighted to have been selected by such a prestigious firm." said Ger Rosenkamp, CEO of Asset Control.