Profidata Group and Universal-Investment intensify their long-standing cooperation in the fund administration business. Currently they work closely on implementing the requirements of the German Investment Tax Reform 2018 into XENTIS, Universal-Investment’s core fund administration system. Over 1,000 mutual and special funds (‘Spezialfonds’) of Universal-Investment are being posted and valuated daily through XENTIS.
The cooperation of the two enterprises dates back to 2002 when XENTIS was implemented as the core administration system at Universal-Investment within less than two years. In the years to follow, Profidata proved to be a steady and reliable partner in supporting Universal-Investment in its dynamic growth and
in implementing regulatory requirements. Bernd Vorbeck, CEO of Universal-Investment, confirms: ‚Profidata is a strategic partner, with whom we will continue to pursue our ambitious goals’ and Roger Wildi, CEO of Profidata AG, explains the success factors of their business partnership as follows: ‘A cooperation based on trust, and a powerful software solution which flexibly supports growth and dynamic business requirements, are the key ingredients of our mutual success. We will continue to put in every effort to support Universal-Investment with XENTIS in their future growth and success.
In the current year, Universal-Investment again ranks among the fastest growing investment companies in Germany: Assets under Management increased from over 25 billion Euro to 314 billion Euro. Moreover, with 11.4 billion Euro, Universal-Investment is one of the fund companies with the highest net inflows in the first half of 2017.