The partnership will offer a comprehensive range of services designed to both identify and address issues faced by organizations that use market data and telecom services. Together the two companies will be able to offer solutions tailored to meet the needs of the individual client varying from stand-alone software to complete managed services. As part of the Agreement, Jordan & Jordanâs contract management system, COMET, will be integrated with the MDS 2000 product suite from MDSL to provide a complete set of software tools for managing market data, telecom and all other technology services. The overall goal will be to allow users of information technology services to manage their on-going operations in the most cost-effective and efficient manner possible.
The companies sent out their first joint RFP response on July 15th 2002 and have several others underway.
Tom Jordan, President of Jordan & Jordan, said: "Companies are the most successful when they focus on their core competencies. By joining forces with MDSL, we will be able to offer a combination of best of breed inventory management and contract management software in packaged solutions with business process re-engineering and managed services to give our mutual clients the total solutions they seek."
Ben Mendoza, Chairman and founder of MDSL, commented:" This is truly a case of one plus one making three. By adding the strengths of our two companies together, we will be able to offer our customers complete solutions to the issues they face in managing market data and telecoms, which neither company acting alone could have provided."
Jordan & Jordan is a management consulting firm specializing in the financial services industry. Its client base includes major broker-dealers, banks, exchanges and information vendors / distributors. They have a solid reputation in the industry based upon their knowledgeable, industry-experienced personnel and a commitment to providing a high-quality product to clients. Jordan & Jordan assists senior management in identifying and evaluating business alternatives and providing comprehensive analysis and alternative technology solutions. Jordan & Jordan was founded in 1991 and has offices in New York and Chicago. Management Consulting, Project Management, Market Data Management and Outsourcing, Executive Search and their leadership role in the Financial Information Forum make Jordan & Jordan leaders on the street in assisting clients to achieve profitable and sustained growth in their businesses.
Market Data Services Limited is the leading provider of inventory and cost management systems for banksâ trading rooms. Founded in 1995 and with offices in the UK and the US, its MDS 2000 suite of products is today used by over 50 major financial institutions around the world to monitor and control the costs of over 70,000 users of market data and telecom services. Clients installing MDS 2000 for the first time typically see substantial reductions in their market data and telecom costs and can ensure tight ongoing expense management as well as acquiring the ability to accurately measure trading room profitability at any level they choose, from trader position all the way up to global consolidation.