A Fund Ops Specialist Nails Down a New Partnership
News summary by MFWire's editors
A mutual fund operations technology provider just landed a new partner. On Wednesday Delta Data Software unveiled a "strategic partnership" with Iselin, New Jersey-based Enterprise Iron, a financial services consulting firm.
Columbus, Georgia-based Delta offers the FUNDLinx platform, which Enterprise Iron CEO John Polito praised for its "ultra-efficient trade order management and automated reconciliation," and more. And Delta CEO Don Beck pointed to Enterprise's "in-depth business knowledge and operational consulting expertise" as motivations for the partnership.
Company Press Release
Columbus, GA and Iselin, NJ, April 22, 2009 -- Delta Data Software, the nation’s premier provider of mutual fund operations center technology, and Enterprise Iron, a leading professional services firm, today announced that they are forming a strategic partnership to deliver turnkey technology solutions to help lower costs and increase efficiency for firms that perform high-volume trading of mutual funds and other daily-valued assets.
"The current market downturn and future economic outlook are driving financial service firms, and their IT departments, to actively seek ways to permanently reduce costs and increase productivity," said John Polito, CEO of Enterprise Iron. "By far, the greatest gains are achieved by using proven enterprise-wide solutions from providers who can support entire operations with unified processes and platforms." He said that Delta Data’s FUNDLinx platform delivers a comprehensive, tightly controlled environment to all facets of mutual fund services. "FUNDLinx offers ultra-efficient trade order management and automated reconciliation, together with automated workflow management and integrated risk controls. It also provides extensive revenue and fee management capabilities across business lines, products, distribution channels, clients and asset management partners."
According to Don Beck, CEO of Delta Data, "Enterprise Iron’s in-depth business knowledge and operational consulting expertise in the financial services industry greatly enhance the value of our products to client firms. They maximize the economies afforded by our platforms across the breadth of the client’s organization. We are tremendously excited to be able to team with John and his firm to offer these best of breed solutions."
About Delta Data Software (http://www.deltadatasoft.com)
Delta Data is the driving force behind automated mutual fund processing. Our clients clear more than one-third of the total value of all of the DCC&S trades each day. Delta Data Software, Inc. has a 20-year legacy of delivering proven software solutions by anticipating and solving complex challenges in the financial services industry.
About Enterprise Iron (http://www.eifis.com)
Enterprise Iron, a privately held company headquartered in Iselin, NJ, is a leading provider of business and technology consulting to the Financial and Retirement services industries. Our ability to integrate business acumen with solid technical knowledge enables our clients to meet their corporate initiatives with minimized risk and cost effective solutions. At Enterprise Iron, our primary tasks are to listen, assist in navigating the complexities and obstacles at hand, provide solutions that encompass all business and technical aspects, and implement solutions quickly and accurately with minimal disruption to the client’s staff. This approach offers our clients the opportunity to continue to focus on their business and their clients’ needs.
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