QUANTIS selects Linedata for strategic front to back office implementation

New York - 19 October 2010

Linedata, the global solutions provider dedicated to the investment management and credit industry, has been selected by QUANTIS Investment Management Zrt., a leading Eastern-European multi-manager fund company, to provide strategic software for its front to back office operations. With AUM doubling in the past year and specific Hungarian compliance requirements, QUANTIS is implementing the Linedata Longview electronic trading platform integrated with the Linedata Mfact fund accounting platform.

QUANTIS, Linedata’s first Hungarian based asset management client, needed an integrated, comprehensive system that could handle rapid growth and be compliant with Hungarian regulations requiring auditable fund management software. The announcement was made today from Linedata Exchange, an investment management industry summit for front to back office asset management professionals hosted by Linedata in which QUANTIS is participating.

“Linedata offered a single-vendor, front-to-back office solution which has been recognised as an industry standard within Hungary by a leading global audit firm earlier this year, this was very attractive to us,” said Ákos Sárándi, CEO of QUANTIS. “Our AUM has doubled over the past year and we expect extraordinary growth in the near future both locally and regionally. We needed a way to confidently automate our workflows and be compliant with Hungarian fund accounting regulations. Linedata gave us the scalable technology, the partnership and the expertise that we needed, making us confident that our funds are positioned for further growth.”

The strategic implementation will manage QUANTIS’ day-to-day trading, portfolio management and order management through to fund accounting post-settlement.

“We are helping QUANTIS provide an unrivalled level of confidence to investors with our audited solution in Hungary, and one that spans the entire investment cycle,” said Mike de Verteuil, Linedata’s Group Business Development Director. “In addition to reducing operational risk and controlling overhead, we are giving QUANTIS a real differentiator in the market, which is going to help drive growth, attract significant new investment and continue its impressive growth.”

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