Options and GoldenSource Partner to Provide Fully Managed Enterprise Data Management Solution

News Wire

Options, the leading managed service and IT infrastructure provider to the global capital markets, and GoldenSource, the innovator of enterprise data management solutions (EDM), have today announced a partnership to offer a fully managed solution as a joint offering to clients seeking to improve their enterprise data management (EDM) capabilities. Today’s announcement follows the recent deployment of the combined solution with a leading, New York based investment and wealth management firm.

The deal, which further underlines GoldenSource and Options’ positions as leaders in the provision of managed services, hosting and data management solutions, will see Options deliver a fully managed, end-to-end application and hosting platform to clients leveraging GoldenSource’s widely adopted suite of multi domain data management products and services.

GoldenSource’s EDM solution provides benefit to firms across the investment management, alternate investment and capital markets sectors. These benefits include the ability to quickly take advantage of new business opportunities, manage risks, comply with regulatory requirements and control costs by providing a data management suite that ensures critical data is complete, clean and consistent.

Options’ managed application and hosting solution, Momentum, combines a global platform, for hosting dozens of customer proprietary applications, with a standardised full service solution for the delivery of the leading financial systems spanning the front, middle and back-office. Momentum is a fully resilient and secure platform with 24x7 follow-the-sun support, customised monitoring and reporting and full disaster recovery.

John H. Eley, GoldenSource CEO, commented, “The partnership is pivotal to addressing the changing landscape of data management and financial services technology. This partnership enables us to extend the reach of our highly successful managed service, GoldenSource OnDemand. We support firms seeking new operating models to efficiently respond to the explosion in data volumes, quickly seize new business opportunities and meet their regulatory mandates.“

Nigel Kneafsey, Options Founder and CEO, added, “This is a key strategic partnership for our Momentum business in that it further positions Options as the market leader in the management and hosting of business critical financial applications. It will uniquely complement our existing partnerships given the increased regulatory requirements on the financial community to employ an EDM solution. We are delighted to be working with the GoldenSource team and are excited to be bringing this joint offering to the marketplace.”