Principal Global Investors selects Citadel's CADIS EDM platform

12 November 2007

Citadel Associates, the provider of Enterprise Data Management (EDM) systems for the buy-side, today announced that Principal Global Investors has selected CADIS as its global data management platform. With CADIS, Citadel’s component-based platform for the management of corporate data, Principal Global Investors can benefit from the company’s Investment Solutions Layer approach for handling multiple data sources.

Principal Global Investors is a diversified asset management organisation with expertise in equities, fixed income and real estate investments and is a member of the Principal Financial GroupÃ’.

Stuart Plane, director, Citadel Associates, comments: “Firms, particularly in the buy-side, face several challenges in handling their corporate data, including the ability to trade new asset classes quickly to gain a competitive advantage. That Principal Global Investors has selected CADIS as its strategic data management platform is a significant endorsement of our ability to help global firms address their EDM requirements.”

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