Cloudrisk Selects Alphakinetic’s Glide Fund Manager Cloud Tools

London - 14 May 2013

AlphaKinetic, a leading provider of flexible and robust fund management software to the investment management industry, today announced that CloudRisk Ltd., an independent provider of valuations and risk analysis focusing on structured and exotic derivative transactions, selected AlphaKinetic’s Glide Fund Manager’s cloud tools for its client base of investment and trading organisations.

AlphaKinetic’s cloud–based tools – including Glide Excel, Glide Mobile and Glide Developer -- are a seamlessly integrated product set that provides Alphakinetic’s clients with a range of capabilities from powerful reporting to a full customisation of the Glide platform, which is used by cross-asset hedge funds, wealth managers and family offices situated across Europe.

CloudRisk chose AlphaKinetic’s Glide cloud tools to help support CloudRisk’s operating platform for its risk and valuation services for its clients.

“As a modeling company, we often need to integrate with a third-party system, in order to obtain customer positions, market data and to upload our valuation results,” said Plamen Neykov, CEO of CloudRisk. “Compared with other systems, AlphaKinetic is very intuitive, easy to master and its vocabulary is native to the domain. As a result, we experienced a greatly shortened learning curve and out productivity in working with AlphaKinetic’s cloud tools have proven to be much better compared to other third-party applications and systems.”

Neykov added that the AlphaKinetic cloud tools provided greater flexibility, scalability, modularity, real-time interaction and offered more flexibility and customization in reporting valuation results for CloudRisk clients.

Commented Jon Hodges, Co-Founder of AlphaKinetic, “We are excited that CloudRisk selected Glide cloud tools to deliver its services to their clients. By utilising our cloud tools, companies such as CloudRisk can deliver their differentiating services through a secure platform without having to provide any additional infrastructure, enabling them to help drive down costs and focus on core activities.”

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