The awards, which took place on the 7th March, celebrated the leading service providers to the European hedge fund industry.
The award category confirms the increasingly important role played by technology as hedge funds and their investment strategies become ever more sophisticated, and as investors place ever more stringent demands on managers.
In choosing the winner, the judges cited that they were particularly impressed by Beauchamp's capability and functionality across the front office.
Presenting the award, Paul Jaffa, Managing Director of Myddleton Communications, said, "The winner is a firm with products that managers, both established and start-up, frequently make use of in their front offices. It was praised for its breadth of product offering, its broad customer base in the hedge fund community, and its ease of integration with third-party products."
Bruce Mennell, Director and one of the original architects of Linedata's Beauchamp product suite, said "This award recognizes our success in building a software platform which meets the needs of the most sophisticated client base in the world. Beauchamp's strength in automating the back and middle office has long been known and this award recognises the full breadth of our product offering, which is increasingly popular in the front office as well. There is always more for us to achieve but, for now, I would like to thank our clients for their support and input, and my colleagues for all their enthusiasm and hard work."
Anvaraly Jiva, CEO and Chairman of the Executive Board of Linedata Services added: "After receiving the "Excellence" award at the 2006 TrophÃ©es Midcaps, this new award is an acknowledgment of all our efforts that we have accomplished since 1998 and will motivate us more than ever in order to follow our ambitious development strategy."