Emerald To Expand INDATA iPM Cloud Usage
Emerald Advisers, Inc. Rapidly Implements INDATA’S iPM Cloud Technology Platform for Elessar Investment Management following acquisition INDATA, a leading industry provider of software and services for buy-side firms, today announced that Emerald Advisers, Inc., an INDATA client since 2013, has fully transitioned Elessar Investment Management onto INDATA’s iPM Cloud platform. Emerald Advisers, Inc, based in Leola, PA with more than $3.6 Billion in assets under management, announced its intention to acquire the assets and hire the senior staff of Elessar in January of this year. Elessar is a boutique investment firm that employs a value-driven, research-based investment process that includes a rigorous and disciplined bottom-up fundamental research analysis. The Elessar team is based in Cleveland, OH. After the transaction formally closed, Emerald began the process of migrating the firm’s portfolio data and end users onto the INDATA iPM Cloud technology platform already used by Emerald. Cloud computing provides a number of advantages for money management firms. iPM Cloud offers the full security benefits of a dedicated hosted environment but with the flexibility of a SaaS Model (Software as a Service). With iPM Cloud, each INDATA client has a private environment with hardware security and physical infrastructure security built in. In addition, with INDATA’s proprietary model, data and infrastructure delivered via iPM Cloud can be accessed from anywhere. “Choosing iPM Cloud has proven essential to our growth strategy, since it removes the technical obstacles and IT expenditures that firms like ours would typically experience in trying to get remote sites up and running,” commented Scott Rehr, Chief Operating Officer, Emerald Advisers, Inc. “This combined with the fact that iPM is very easy to use and seamlessly integrates the automated trading platform with the portfolio management system has helped tremendously in moving the Elessar end users off of their old system and getting them up and running with iPM quickly, delivering noticeable benefits and speed to the investment process” he added “We are very fortunate to have many client success stories like Emerald Advisers, and are always gratified to see our clients expand, giving us the opportunity to work with new end users and different investment processes,” added David J. Csiki, President of INDATA. “We wish Emerald continued success in their growth ambitions and look forward to continuing to serve as their technology partner in the future,” he added.