The following products are included in the latest agreement: HiInvest - DSTiâs front office solution, HiData - DSTiâs data management solution, HiMessaging â for companywide STP and HiPortfolio â DSTiâs backoffice solution to support itâs outsourcing services for Friends Provident.
Once HiInvest usage is expanded across the complete fund management and central dealing operation, ISIS will use DSTi products for almost all of its front-to-back office process control systems. The group currently uses HiPortfolio for all its funds both the original ISIS funds and the newly acquired RSA business.
Steve Edkins, chief operating officer at DSTi, said "We are delighted to be able to expand and consolidate our relationship within ISIS. We have worked pro-actively with both the original Friends Ivory & Sime and Royal Sun Alliance Investments businesses. We at DSTi are pleased to have been chosen to provide so much of the ISIS IT infrastructure. The ISIS implementation of HiInvest,
HiPortfolio, HiPerformance, HiData and HiMessaging, shows how DSTi can provide an integrated and complete solution for the front, middle and back office".
"We are also thrilled with market demand for HiInvest. Over the past six months, we have won eight different institutions over to the front office product. This demonstrates that HiInvest, is the market leader."
"In recent times ISIS has successfully partnered with DSTi in the specification and development of HiData and HiPerformance, in addition to the long standing commitment to HiPortfolio. The relationship has now extended to include HiInvest as the front office system of choice for order management and decision support. This decision was based upon its proven track record at RSA Investments (the recently acquired R&SA subsidiary) and the commitment from DSTi to the ongoing development of the product suite," said Ewen Melling, IT director, ISIS.