iPM Epic Usage Significantly Expands Among New and Existing Clients, Continued iPM Cloud Adoption and Increased International Expansion Cited as Key Drivers
INDATA, a leading industry provider of software, technology and services for buy-side firms delivered via its iPM Epic platform, today announced record company growth for 2015. Growth highlights include the following:
Strong uptake of iPM Epic amongst new and existing clients - 2015 was a strong year for iPM Epic deployments with significant growth from new clients and existing clients opting for the iPM Epic platform. iPM Epic related revenues more than doubled compared to 2014 and represented approximately 77% of 2015 revenue additions.
Continued growth of iPM Cloud - Migration of new and existing clients to iPM Cloud continued to grow strongly as firms increasingly opt for the simplified installation, maintenance and ongoing support that the technology brings. iPM Cloud was selected by 75% of all new business clients in 2015.
Further international expansion – Driven by the increasing need for data management and analytics services amongst buy-side firms globally, INDATA has experienced impressive growth outside of its home market in the US. This has allowed the firm to develop new relationships and add new products and services to new and existing international clients. International business represented 37% of revenue additions for 2015.
“2015 was a record year for INDATA. Our early investments in big data technology delivered via iPM Epic, released in 2014 and deployed via iPM Cloud, have paid off,” commented David J. Csiki, President of INDATA. “Heading into 2016, our firm is well positioned within the marketplace as an innovator and we will continue to expand our software, technology and services offering for the benefit of current and future clients in all regions.”
iPM Epic is the industry’s first investment technology platform specifically designed for the era of big data. Whether automating external data feeds and unifying disparate data sources, rapidly utilizing external data for investor presentations and marketing, or having a more complete data source for compliance purposes, INDATA clients can gain additional insights into their data via iPM Epic that they were never able to generate before.