Netik, Thomson Ally to Take On Single Vendor Accounting/Data Players

Financial data warehouse provider Netik and Thomson Financial have teamed to integrate Thomson Portia and Netik InterView, in order to provide investment managers with what the partners say is a best of breed solution for investment accounting, data management and reporting. According to the two vendors, while firms have historically been limited to a single vendor to source an integrated data warehouse and investment accounting solution, their alliance provides another option for accessing such integrated functionality. Netik and Thomson have jointly invested in an off-the-shelf adapter to combine the two products, available for license from either vendor, and to be maintained by both as a guaranteed interface across several releases. Netik says it has already signed the first customer to take Portia and InterView in combination.