DST International Signs Strategic Alliance Agreement with Princeton Financial Systems for OpenDataWarehouse (ODW)

London –DST International (DSTi) – the leader in business solutions for the investment management industry announced today that they have signed a strategic alliance agreement with Princeton Financial Systems, a wholly owned subsidiary of State Street, and a leading provider of investment management and accounting systems and ASP services for global institutional investors, – to be able to offer the full scope and functionality of DSTi’s OpenDataWarehouse (ODW) to its Princeton clients.

Princeton’s flagship PAM® investment management systems provide comprehensive STP-ready functionality that can be licensed for in-house use or accessed via the Internet. PAM systems are currently used worldwide by over 370 leading investment managers, insurance companies, mutual funds, pension funds, hedge funds, endowments, banks, and corporations, which manage combined total assets over US $3 trillion.

ODW is a data hub that collects core accounting information and market data. It serves both as a unified reporting repository, and a data gateway that can feed a diverse set of downstream applications. ODW takes the load off core accounting systems and delivers consistent effective data to a wide audience.

Jim Russo, President and Chief Executive Officer of Princeton Financial, said, "We are delighted to work together with DSTi in order to provide enhanced value to our clients. Our goal at Princeton is to find new and unique ways to improve our product offerings. OpenDataWarehouse is an excellent product and provides PAM users the means to distribute PAM data commingled with data from complementary systems to facilitate consolidated reporting to both their internal and external clients."

Mike Winn, DSTi’s group managing director said, "It is a pleasure to see this new and innovative way that two erstwhile competitive companies are working together for the benefit of the end user. As with our recent contract with State Street to provide ODW and HiInvest for their outsourcing operations, it clearly indicates that ODW is the perfect data warehouse for the investment management community."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development