OpHedge to benefit from standardized data access, translation and deployment across the enterprise
NEW YORK – March 6, 2006 – GoldenSource Corporation, a global software provider of EDM solutions to the securities and financial services industry, today announced that OpHedge Investment Services, LLC, a leading fund operations/administration service provider has licensed GoldenSource Securities & Products together with GoldenSource Positions. These solutions provide OpHedge with the data management foundation to consolidate its company-wide data systems and the ability to establish a high quality reference data standard across the enterprise.
OpHedge, based in Rye Brook, New York, offers middle and back office solutions to the alternative investment management industry. The company, recognizing the need for a high-volume scalable EDM platform to accommodate its substantial growth, selected GoldenSource to power its data management infrastructure. OpHedge expects this flexible and scalable environment to accommodate its strategic data management services to existing and future clients.
“We are committed to maintaining an excellent quality of service as we continue to grow,” commented Jeff Li, Chief Technology Officer of OpHedge. “OpHedge recognizes the importance of advanced data functionality for the leaders in our market niche, and we take pride in implementing business processes before they become industry standards. GoldenSource solutions allow us to improve the quality, management and reporting of our data, and, in short, enable us to achieve the same level of functionality as global financial institutions. Our clients demand this type of investment in our capabilities, and our relationship with GoldenSource promotes our ability to meet our clients’ future needs today.”
“We are delighted to work with a forward-thinking, client-focused organization like OpHedge,” Michael Meriton, President and CEO, GoldenSource commented. “In an industry, which can often be seen as reactionary rather than visionary, it is refreshing to see a company enhance their capabilities to make their business future-ready. Enterprise Data Management is becoming an industry requirement, and companies like OpHedge, who power their systems off a centralized EDM platform, gain a considerable competitive advantage.”