TenDelta was engaged by Eaton Vance in August 2008 as a technology design and development partner for their fixed income business area. TenDelta has since been responsible for redesigning business processes, creating a technology strategy and providing hands-on development resources.
The technology of choice for this project is a highly configurable solution, Everest, provided by Black Mountain Systems, LLC based in San Diego.
David Lochiatto, Fixed Income Systems Manager at Eaton Vance states, âThe Everest implementation is a true example of teamwork between Eaton Vance and TenDelta. TenDeltaâs ability to provide subject matter expertise, flexibility, project management and a true partner relationship are keys to the success of this implementation. TenDelta worked closely with our team, to understand our requirements and tailor Everest for our environment. When selecting a partner for this project, we sought a company with a mature methodology, an understanding of the business we are in and a consistent track record of delivering application development projects. We found that, and more, in TenDelta.â
The new technology platform, which has been live since late July 2009, is currently being used for credit risk and portfolio analysis across Eaton Vanceâs bank loan portfolio (approximately $16.8 billion in assets under management as of 30th September 2009) and has been well received by the organization. Scott Page, Head of the Bank Loan Investment Group at Eaton Vance comments, âThe risk of transforming a large existing database into a new system, however superior, is high. Bhavik Katira and TenDelta, working with our in-house systems professionals, are helping manage this risk. The key to our success is TenDeltaâs understanding of the bank loan asset class. We have a great new system with improved, state-of-the-art capabilities and the transition from the legacy system was seamless.â
Bhavik Katira, CEO of TenDelta adds, âWe aspire to become long-term âtechnology partnersâ with our clients. Our expertise lies in business process optimization, technology design, clear development techniques and providing on-going education; thus helping our clients define their overall technology strategy.â