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Spending on Legal Entity Data Management to Top $250m by 2010

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By 2010, more than 10 per cent of total spending within the enterprise data management industry will be on legal entity data management, says analyst Aite Group in a new impact report. Regulatory pressure is driving a 200 per cent average annual growth rate in spending in this market, Aite says, encouraging spend on legal entity data services to rise from some $16 million in 2006 to $253 million in 2010. The report profiles four vendors of products to facilitate customer and counterparty data cleansing and management, including Avox, CounterpartyLink, Credit Dimensions and D&B. The vendors were asked 64 questions regarding corporate information, product overviews, data information, origination, distribution, regulatory examination and services. This is the analyst’s second look in 2006 at counterparty data; earlier in the year it predicted 2007 would be the year counterparty data projects climbed up the priority list to be as compelling as instrument data projects (see Reference Data Review, August 2006).

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