AIM Software, the leading provider of enterprise data management (EDM) applications to the financial services industry, announced that it has won the “Best Buy-Side Enterprise Data Management Platform” at the Data Management Review (DMR) Awards 2016.
The awards were presented at the Data Management Review (DMR) Lunch on November 11, 2016 at the London Merchant Taylors’ Hall. The awards ceremony, attended by leaders in the financial industry, recognizes industry excellence in data management within capital markets and focuses on the community of specialised suppliers within financial data management. This year’s awards are being overseen by the Data Management Summit Advisory Board, who have helped shape the categories and nominees and will review the winners.
The 'Best Buy-Side Enterprise Data Management Platform' is awarded to the EDM vendor who receives the highest number of votes from the broad base of Data Management Review readership. This acclaim confirms AIM Software’s leadership and recognizes the value of AIM Software’s business application approach across the securities and investment management industry.
“We have radically changed how data management should be approached in the industry, and this award further confirms that AIM’s approach is a major differentiator.” comments Josef Sommeregger, Managing Director and Chief Commercial Officer, AIM Software.
“Today, buy-side firms must focus on cost, efficiency, regulations, but also on agility – as they look to expand into new asset classes to find new sources of growth. Classical approaches to data management are no longer the right answer to address these needs and challenges,” continue Josef. “It is widely accepted that platforms that employ Toolkit approaches to data management projects tend to rapidly spiral out of control, requiring significant resource, unforeseen cost and additional project management, and where ultimately, the depth of customization makes it difficult to manage or upgrade, or to benefit from best practice.”
Back in 2011, AIM Software decided to build workflows blueprints by looking for patterns amongst their clients. Seeing similar needs for processing reference data, prices or corporate actions data, AIM captured the functionalities to create ‘business applications’. Each application brings domain-rich features, is easily configurable by end-users, and sits on top of a renewed modern technology platform, GAIN EDM.
In 2015, AIM welcomed a primary investment from Welsh Carson Anderson and Stowe, confirming that AIM’s vision of productized applications in the EDM space is the way forward.
Josef Sommeregger concludes: “Together with the accolades we received the last two years in the EDM, Pricing and Corporate Actions data areas, this award is the recognition that AIM Software’s Business Application approach is valued as a game changer in the EDM space. Our continued commitment to our clients and prospects is of paramount importance, helping us to lead the way in providing market leading business applications to the enterprise data management community.”