Data management solution vendor Netik has restructured its business into three new divisions with a view to strengthening its offering in each of the three market sectors its solutions are being targeted at. The divisions comprise Investment Managers, Prime Brokers/Custodians and Fund Administrators, explains John Wise, CEO of the vendor.
“We have put these divisions in place to better meet the needs of our clients and provide more specialist solutions,” claims Wise. “Our clients will gain significant benefits by leveraging Netik’s intellectual capital and shared functionality from within their particular Netik solutions group. Each of the solutions groups have their own ‘model office’ with pre-configured, off the shelf adapters for integration and workflows plus reporting packages that are pre-defined ‘starter sets’ relevant to the client’s business sector, including on-line inquiry sets, role-based explorers, cubing technology for slice/dice analysis.”
The new divisions are the brainchild of the vendor’s executive vice president of operations, Brian Lott, and they will act independently of each other by developing all aspects of their individual product sets. The vendor hopes this more targeted approach will reap rewards in a tough market, where many data management projects have been put on a back burner due to budget cuts.
“Clients will reap the benefits of solutions that have been developed by a team of dedicated, domain experts who are knowledgeable and experienced in their specific market, but at the same time, has at it’s heart the solid foundation of a shared horizontal data and technology platform,” asserts Lott.