New York, January 9, 2006 â Asset Control, a leading provider of Centralized Data Management (CDM) solutions to the financial industry today announced that Convexity Capital Management LP, a newly launched Boston based investment manager, has selected Asset Control's AC Plus as a central repository for reference data in their integrated front-to-back office systems. The solution, implemented in under two days, will manage reference data for a variety of security types.
"Asset Control's AC Plus solution was selected for its ability to provide us with certain core elements of our data management initiative off-the-shelf, with quick time to production, while providing the scalability to grow the system as the company grows." said Alan Becker, Partner and Chief Information Officer of Convexity Capital Management LP. "In addition, the system's ability to link information such as security master and corporate actions will give us a holistic view of our data."
AC Plus was delivered turnkey, configured to the business requirements as defined by Convexity, including integration with external data sources, and will distribute data to Convexity's in-house applications.
"Asset Control's Turnkey CDM Solutions allow us to provide scalable data management solutions to our customers without the risk of long, complex implementations. Additionally, the ability to predict project costs ensures our customers that their project stays under control and within their budget," said Ger Rosenkamp, CEO of Asset Control. "We are pleased to welcome Convexity Capital Management LP as one of our newest customers."