Newton Investment Management purchases Citadel Associates CADIS data management suite

London (Nov 10, 2004) – Citadel Associates announced today that Newton Investment Management ("Newton"), an asset management subsidiary of Mellon Financial Corporation, has purchased its innovative data management product, CADIS. Newton will use the CADIS toolset to provide data to its investment management systems.

"Newton is an ideal partner for us and their pro-active approach to integration has produced benefits for both of our organisations," said Jean Williams, Managing Director of Citadel Associates.

The CADIS toolset is designed to solve the most difficult data issues facing the Investment Management community and can significantly reduce implementation costs and timescales for new systems. Citadel Associates unique pricing model enables clients to tightly control costs and maximise return on investment.
"CADIS allows us to meet the data requirements of specific systems in very short timeframes, whilst maintaining a full audit trail’ said Damian DeBellotte, head of investment management systems at Newton.

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