Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

37284

RIMES to acquire Matrix IDM

RELATED TOPICS​

RIMES, a global strategic data partner for asset managers, asset owners and service providers, is to acquire Matrix IDM, an Australia-based investment data management platform, for an undisclosed sum. 

The acquisition will bring together superior managed data services and powerful analytics technology to help asset owners, institutional investors, asset managers and service providers solve complex data problems. Matrix Co-CEO Stuart Plane will join the RIMES Executive Committee, and together with co-founder Neil Lotter and RIMES Head of Managed Data Services (MDS) Shaun Mirams, will lead the combined MDS and Matrix IDM business segment. 
 
Brad Hunt, CEO, RIMES, says: “We believe this acquisition heralds a new era in the provision of data management solutions and is a pivotal moment for RIMES, Matrix IDM, our shared clients and the industry. With Matrix IDM, we can offer an end-to-end solution that will enhance performance across our clients’ enterprise – from investment research to performance management to regulatory reporting. In addition, the Matrix team brings an in-depth understanding of data management, sector knowledge, and proven technical prowess. These attributes will help us to significantly accelerate the opportunities that the combined MDS and Matrix offering will deliver.” 

Stuart Plane, Co-CEO, Matrix IDM, says: “Data drives this vital industry and building advanced technology to support this has always been our passion. We strongly believe that being part of RIMES will enable us to accelerate the adoption of the Matrix IDM platform, which will be fuelled by the highest-quality catalogue of managed data sourced from the industry’s broadest set of data providers. When it comes to mastering and delivering high-quality, reliable investment data, there is no one better than RIMES. Combining our industry-leading capabilities into a single entity will empower our shared users to make even better-informed investment decisions.”
 
Hunt says: “The volume and complexity of the investment data used by our industry has grown exponentially, and along with that, so have the challenges posed by poor data, processes and technology. This is compounded by emerging requirements, such as the need to understand your portfolio’s carbon footprint. By incorporating the power of the Matrix IDM cloud-native platform with our trusted managed data services, we are well positioned to lead the industry in the provision of functionally rich, specialist data management solutions.”

Latest News

Iress has announced that it has extended its partnership with Dow Jones Newswires to give..
The Financial Conduct Authority (FCA) writes that in new rules, it has set out a..
GAM has announced it has reached a definitive agreement to transfer its Management Company activities..

Related Articles

infrastructure headline
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the UK’s growth ambitions...
The new Labour government has launched a GBP7.3 billion National Wealth Fund which will target private capital to support the..
Tom McPhail, lang cat
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a widely predicted Labour win...
Today’s news of a landslide victory from the UK’s Labour party, finds that the markets had mostly factored in a..
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving the UK’s growth ambitions is increasingly on investors’ agendas...
Pensions might not feature at the top of the political parties’ manifesto promises this election, but their role in driving..
Duncan Higgs, Bfinance
Bfinance has released its latest report, "Investment Management Fees: Fairness Revisited," with a comprehensive analysis of current trends and challenges in investment management fees and costs across various asset classes...
Bfinance has released its latest report, "Investment Management Fees: Fairness Revisited," with a comprehensive analysis of current trends and challenges..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by