GoldenSource, the leading independent provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions for the securities and investment management industry, is working with CAD IT, a software & services company listed in the STAR segment of Borsa Italiana, to integrate the GoldenSource EDM with CAD IT’s Area Finanza platform. The agreement allows CAD IT’s customers to use GoldenSource as Security Master for Area Finanza and ensures automatic upgrades for any changes in the data feed. It also allows for future integration of GoldenSource with other CAD IT platforms such as Easy Action. GoldenSource is the only EDM solution that is aligned with CAD IT’s products.

Commenting on the announcement, Paolo Dal Cortivo, CEO for CAD IT, said: “We have seen a growth in market demand for solutions that help financial institutions improve their data management practice in the areas of reference data, pricing and corporate actions. Working with GoldenSource means that we are able to offer clients a more comprehensive package to manage those data more effectively. It’s important that firms are able to handle multiple data sources, especially those working across asset classes. We feel that with GoldenSource and Area Finanza we are in a strong position to help them do this.”

Prashant Kumar, Senior Vice President, Business Development for GoldenSource, added: “This news builds on our excellent recent successes in Europe and shows great recognition from an internationally respected name. We’re looking forward to taking this strong relationship global.”

The agreement was signed in March 2016 and initial response from the market has been extremely positive.