Glenmede Selects Integrated EDM and EDM Warehouse Solution from IHS Markit

News Wire

IHS Markit, a world leader in critical information, analytics and solutions, today announced that the Glenmede Trust Company, N.A., an independent investment and wealth manager, has selected its Enterprise Data Management (EDM) platform and integrated EDM Warehouse.

Glenmede is embarking on a comprehensive transformation in its approach to managing data. The EDM platform, delivered as a managed service, will become Glenmede’s central data hub for staging, validating and distributing operational data to the firm’s investment systems.

“As part of our strategic technology review, we identified the need for a sophisticated data management platform in order to ensure data integrity, improve operational efficiency and deliver front-office to back-office integration,” said Louis Pellicori, chief technology officer at Glenmede. “We chose the IHS Markit EDM solution as a managed service due to the short implementation time and the ability of the platform to adapt to change. As our business grows, we will be adding new data sources and systems which EDM can easily manage.”

“Glenmede is the third customer to sign in as many months for our core EDM platform and EDM Warehouse, which are now offered as a fully integrated solution,” said Spiros Giannaros, managing director for EDM at IHS Markit. “The delivery of both products through a managed service will enable Glenmede to focus on its core business while we manage everything from infrastructure and integration through to the applications.”

EDM Warehouse from IHS Markit stores and reports on time-series data across multiple key dimensions such as reference data, client, account, product and portfolio data.