Technology

Advent Partners With Rimes Technologies To Enhance Index Data Provision

Wendy Spires Group Deputy Editor May 19, 2010

Advent Partners With Rimes Technologies To Enhance Index Data Provision

Advent Software, the US-listed financial services software firm, has entered a partnership with RIMES Technologies Corporation to expand the availability of index data to users of Advent Portfolio Exchange, its portfolio and client relationship management platform.

Under the deal Advent will promote RIMES’ data aggregation service to its APX clients while RIMES will give APX users access to additional index data for use with the platform’s performance analytics functions. Advent’s current index data service offers security and sector level performance data from Standard & Poor’s and Russell Investments and the alliance with RIMES will complement this, the firm said in a statement.

“We’re very pleased about our relationship with RIMES who, as a leading provider of index data aggregation services, can provide Advent clients with access to a broad array of index data. Furthermore, this alliance illustrates Advent’s continued commitment to partnering with best-of-breed solutions providers that enhance our core capabilities,” said George McLaughlin, senior director at Advent.

RIMES positions itself as a pioneer in the provision of financial data and analytics via the internet and currently offers access to over 300 financial databases.

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