International Expansion and Continued Adoption of iPM Cloud Cited as Key Drivers

International Expansion and Continued Adoption of iPM Cloud Cited as Key Drivers
07.01.2014 00:00 am

International Expansion and Continued Adoption of iPM Cloud Cited as Key Drivers

INDATA, a leading industry provider of software and services for buy-side firms including trade order management (OMS), compliance, portfolio accounting and front-to-back office, today announced record company growth for 2103. From an international perspective, the successful implementation of the company’s first round of clients outside of the US has transformed iPM into a truly global product capable of competing in new markets. Having now established a local support presence in the UK, the firm plans continued expansion into new global markets for its iPM products and services. 2013 was also another strong year for iPM Cloud with further growth of existing clients opting for a cloud-based deployment of iPM. It was also the first year that 100% of new iPM clients chose the Cloud. The firm experienced not only back office portfolio accounting system migrations, but also front office OMS, as well as front to back office implementations demonstrating the maturity and broad-based appeal of iPM Cloud for a wide range of clients types. “2013 was a record year for our firm. Our early investments in iPM (released in 2010) and iPM Cloud (released in 2011) have paid off and we have been out in front of the industry trends towards greater compliance, transparency and data management capabilities upon which iPM was built,” commented David J. Csiki, Managing Director, INDATA. “Heading into 2014, our firm is an established innovator within the market for investment management systems and we are excited about our ongoing growth prospects,” he added. 

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