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RIMES North American Growth Continues in Q1 2014 with New Client Wins and San Francisco office opening

RIMES

New York, May 9, 2014 (GLOBE NEWSWIRE) -- RIMES, the leading provider of managed data services for the buy-side, today announced further business growth in North America in Q1 2014. This includes additional expansion of the firm's client roster and geographic foot print with the opening of a new office in San Francisco--in addition to the recent office opening in Toronto--further solidifying RIMES' increased presence in North America.

In Q1 2014, the growing buy-side preference for the managed data services delivered by RIMES continued. RIMES not only expanded engagements with clients such as State Street, but also added new customers including BNY Mellon Wealth Management, Grantham Mayo Van Otterloo & Co. LLC, New South Capital Management, Sionna Investment Managers and Wasatch Advisors, Inc.

Following a strong 2013 and responding to increased demand for on-the-ground support on the West Coast, RIMES has hired Michael Drumm as Sales Manager to lead the new San Francisco office. Drumm brings 15 years of financial services solutions sales experience to the role.

Previous to RIMES, Drumm held numerous sales and sales management positions with Standard & Poor's, S&P Capital IQ, Zephyr Associates, Morningstar and Thomson Reuters. His expertise includes extensive sales work in financial services software, platforms, products and solutions targeting the buy-side, brokerage, banks and wealth management spaces.

"At RIMES, we take great pride in providing clients with a managed data service that features the highest standard of coverage, quality and governance," explains John Farris, North American Head of Sales at RIMES. "Our office expansion in San Francisco is key in assisting both new and long-standing clients in solving their data management concerns by delivering flexibility, transparency and sound data governance that aligns with business needs. Michael's addition to the RIMES team further strengthens our capabilities across North America."

In coordination with the opening of the new office, RIMES will host a San Francisco RIMES Forum on May 15. RIMES regularly hosts roundtable events across the globe for the buy-side to discuss and develop best-practice methods regarding management of index and benchmark data. Most recently, RIMES has hosted forums in Philadephia, Boston, Toronto and Montreal.

Those interested in attending the San Francisco RIMES Forum are encouraged to email marketing@rimes.com.

About RIMES

RIMES Technologies Corporation was founded in New York in 1996 specifically to meet the specialist data needs of the buy-side. The company was a pioneer provider of managed data services, using cloud-based technology to deliver highly customized financial data over the internet. Providing world-class data, supported by first-class service remains a prime focus of RIMES today.

The success of RIMES reflects a unique practical approach that combines the right technology with the best people. Our suite of services are designed, delivered, and supported by an expert team recruited from the heart of the industry. As a global company, RIMES serves over 250 institutions in 40 countries. www.rimes.com

CONTACT: San Francisco office contact details: +1 415-568-2277 Address: 580 California St, 16th Floor San Francisco, CA 94104

Source:RIMES Technologies Corporation