Redwheel, an active investment manager and existing Rimes client for benchmark data services, has extended the relationship to include Rimes’ Matrix investment management platform. The platform will replace legacy data warehouse technology and help Redwheel establish a robust investment data intelligence function and systematic data management foundation.
Within the extended partnership, Rimes will address Redwheel’s core requirements including deployment of an extensible and structured data management and reporting process. This will give Redwheel greater investment data intelligence, an enhanced data model, and a refined data management structure.
Nigel Hill, chief operating officer at Redwheel, says: “By integrating Rimes’ Matrix investment management platform with its benchmark data service, we are equipped with the tools and capabilities to gain competitive advantage through data-driven insights.”
Stuart Plane, head of enterprise solutions at Rimes, adds: “Our goal is to provide clients with a modern front-to-back solution that delivers operational efficiencies, reduces costs, elevates data quality and inherent flexibility to support future business growth. The extension of our existing collaboration with Redwheel is a good example of a trusted partnership.”
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