French asset manager, Financière de l’Arc, has expanded the scope of its current relationship with NeoXam and has subscribed to NeoXam as a Service’s offering to host and manage its current NeoXam Portfolio Management System.
The partnership originally began in 2011 after Financière de l’Arc chose NeoXam PMS as its core system for order management, position-keeping, compliance and NAV validation. This move to fully-outsourced systems is part of a more global strategy taken by Financière de l’Arc recently for its entire IT infrastructure.
The selection was made due to the quality of NeoXam’s services and to benefit from NeoXam’s expertise and ability to quickly deploy its platform. After a successful initial proof of concept, to assess a disruptive infrastructure-less secured connectivity to NeoXam PMS, Financière de l’Arc decided to commit to a long-term agreement, guaranteeing operational stability and data security.
Commenting on the expanded agreement, Amandine Gerard, Chairperson at Financière de l’Arc, said: “We started a couple of years ago a strategic move towards the Cloud for our whole IT infrastructure. Using NeoXam as a Service for our PMS solution completes this move. We’re happy to see we rightly anticipate this market trend, which is now adopted by an increasing number of asset management companies.”.
Nicolas Holtz, Global Head of NeoXam as a Service, added: “We are delighted to strengthen our collaboration with Financière de l’Arc, by providing a robust services platform with experienced software experts. NeoXam as a Service is a key factor or our strategy and enables our customers to focus on their core business. Each of our clients has specific needs and we are pleased to have worked on a disruptive connectivity system for Financière de l’Arc.”.