NEW YORK and LONDON, March 14, 2012 /PRNewswire/ --
Acquires new customers, penetrates new geographies and industries
GoldenSource Corporation, a leading enterprise data management (EDM) solutions provider, announced a record number of new customer and current customer expansions completed for the year, with 10 successfully launched in the fourth quarter alone. GoldenSource client go-lives spanned new geographies and penetrated into adjacent industries across producers and consumers of securities data.
"Living in a post securities master world, financial institutions can no longer sustain the status quo," says Mike Meriton, CEO of GoldenSource. "Executives are struggling to agree on a consistent language and to unlock thefull value of their data. A clear 360 view of data across the enterprise continues to be a challenge; however, the number of major expansions and new projects completed by our customer's shows that the industry recognizes the need to fix the problems created by silo ed data. HSBC, M&G Investments and the Australian Securities Exchange are living examples of firms taking proactive steps to improve operational efficiency, better manage risk, and prepare for regulatory demands."
In 2011, GoldenSource continued to strengthen its EDM solution and expansion into new markets including China, Australia, Singapore and Italy. Investment managers, universal banks, securities services firms, exchanges and public government institutions were significant growth areas for the company. Existing GoldenSource customers from large banks to mid-size asset managers gained quick return on investment by expanding their use of GoldenSource into new lines of business, new regions, and new types of content.
Adam Honoré, research director at Aite Group said, "Having a complete enterprise wide view of your data for data governance, operational efficiency and risk management reasons is clearly a key driver for 2012. Financial institutions are under increasing pressure to comply with current regulations such as Dodd Frank and Solvency II and so require a robust and easy to implement enterprise data management solution to comply with current regulation but also comply with future regulation coming down the road."
Mike continues, "In 2011, we also saw an uptick in the demand for enterprise wide shared services from clients. Their concern was to ensure multiple lines of business were working from a highly scalable and centralized golden copyplatform. In 2012, we expect momentum to continue as we invest in our 360 EDM ™ solution and continue to demonstrate the importance of gaining an enterprise view of data in this increasingly regulated market."
GoldenSource won the "Best Enterprise Data Management Initiative" award by Inside Reference Data Magazine in 2011.
GoldenSource delivers an integrated 360EDM™ platform for the securities and investment management industry. GoldenSource makes it easy to manage critical reference and market data with Enterprise Data Management (EDM).
Our innovative products create, maintain and distribute a trusted golden copystarting with the industry leading data model covers all financial instruments, customers and counterparties, and extends to transactions and positions. The ability to connect, organize and aggregate trusted information helps our customers to achieve their business goals by reducing risk and enabling better decisions making. GoldenSource solutions are used by forward-looking banks, brokers, investment managers, service providers, and exchanges to reconcile tactical departmental goals and strategic enterprise objectives.
A proven supplier of on-premise EDM solutions to the world's largest financial institutions, GoldenSource also delivers managed data services via the innovative Powered by GoldenSource™ program.
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