IDS offers a suite of software used by investment management companies to automate their business processes, including portfolio accounting, trading order management, and performance reporting and analytics. IDS has licensed its software to over 50 blue chip companies, including AG Edwards, American Express, Bank of America, Bank of New York, Deutsche Bank, Fidelity, Fleet, Morgan Keegan, PaineWebber, Stein Roe, and UBS.
Global Investment Manager 2000, the companyâs flagship portfolio management system, has been in production since 1991 and features a scalable, open architecture platform with robust, AIMR/GIPS compliant performance reporting capabilities supporting multi-currency and multi-product offerings.
"We are extremely pleased about our new partnership with FTVentures and Shelter Capital Partners," said Jerald Jackrel, CEO of IDS. "The substantial capital infusion that we have received will enable IDS to expand its leadership team, advance its position in the market and accelerate the introduction of the ASP version of our products, for which we have seen significant market demand," said Mr. Jackrel.
"IDS has proven capabilities in portfolio management and is well-positioned to help fuel growth in the managed accounts industry by providing technological and operational solutions for its clients. The IDS products are extremely attractive to many of our limited partners," said Bob Barrett, partner at FTVentures.
"We are enthusiastic about IDSâ prospects given the superiority of its products. The company is a perfect fit with our philosophy of investing in leading-edge technology companies within rapidly growing markets that can draw upon our extensive network of relationships to achieve success," said Joe Page, senior principal of Shelter Capital Partners.
"We are leveraging the extensive relationship networks and market intelligence that both Shelter and FTVentures bring to IDS to increase sales, create and grow strategic partnerships, and increase our overall value," said Mr. Jackrel.
Shelter Capital Partnersâ senior principal, Joe Page, and FTVenturesâ partner, Bob Barrett, have joined IDSâ Board of Directors.