Boston - DST International (DSTi), the leader in business solutions for the investment management industry, today announced that it has completed its acquisition of the software products of Bremer Associates Inc. (Bremer), a leader in data transformation and application integration. The acquisition of all the rights to Bremer's MetaStreamer software further extends the breadth of DSTi's straight-through processing (STP) capabilities and provides easy and efficient integration of asset management software and data. DSTi has renamed the MetaStreamer product 'HiWay'.
Bremer brings to DSTi world-class technology, industry experts and valuable customers. Through innovative technology, based on a unique recursive parser, GUI workflow and a powerful modelling workstation environment, Bremer's software can integrate real-time data, batch data or databases and applications, while performing sophisticated data transformations. Through the acquisition, DSTi will gain powerful software to facilitate and complement trade processing, trade matching, settlement, reconciliation, data cleansing, compliance checking and other similar applications, while providing full SWIFT, FIX, XML, ISITC and other data formats support and transformations.
HiWay is a 100% meta data-driven, middleware solution, designed for global enterprises that need a centralized meta data repository for handling an ever changing set of data, message formats, and schema which flow into and out of an organization. HiWay creates a dynamic interface for the transfer of information between systems that is independent of hardware, operating systems, communications protocols, and types of databases.
"To maintain our leadership position in asset management, DSTi is continually broadening its product line to better serve its customers," said Mike Winn, DSTi's group managing director. "The acquisition of the MetaStreamer products extends our ability to integrate our products with other data sources or destinations or other applications, and expand our industry-leading STP capabilities. HiWay will be focused on interfacing our clients' various internal systems, including their DSTi products."
"DSTi's acquisition of MetaStreamer software and Bremer expertise shows DSTi's commitment to providing best-in-class integration technology," said Maurice Rodrigue, Bremer's president and chief executive officer. "We are excited to be merging our integration technology into the world-class product offering of a leading vendor. DSTi's capabilities and commitment to providing well-integrated solutions, and to supporting industry standards such as SWIFT 15022, FIX and XML, as well as existing proprietary formats, is evident from this important acquisition. This acquisition will greatly benefit both Bremer's and DSTi's customers."