New York, Nov. 11, 2014 (GLOBE NEWSWIRE) -- RIMES, the leading provider of managed data services for the buy-side, today announced winning "Best Data Provider to the Buy-Side" at the 2014 Buy-Side Technology Awards for the eighth consecutive year. RIMES stands as one of only two firms that have won their category every year since the inception of these Awards.
"In having to support the requirements for more complex investment instruments, products and strategies while reducing the cost of data, the buy-side is increasingly turning to managed data services," explains Al Ferrari, SVP, Global Marketing for RIMES. "We at RIMES are honored that our innovative approach to benchmark and reference data management is again recognized by Buy-Side Technology and the industry."
This year's judging panel included five buy-side-focused technology consultants from Aite, Citisoft, Investit, Knadel and Simitas as well as four Waters Technology editors and writers. In deliberating the "Best Data Provider to the Buy-Side" category, the judges examined candidates' abilities to integrate with other systems while also providing quality data and other functional services. Full list of award recipients.
RIMES' fully managed data services can deliver over 800 data sources from 150 data partners in one single, fit-for-purpose feed to more than 30 third-party data warehousing, risk, performance and compliance solutions, and many in-house systems.
"RIMES enables firms to benefit from a world-class data operating platform without a major investment in people or technology," Ferrari continues. "Ultimately, RIMES empowers organizations to achieve more with less at a time when both the buy-side and the regulators heighten their focus on data management and governance practices." For more information, please contact RIMES.
RIMES Technologies Corporation was founded in New York in 1996 to meet the specialist data requirements of the buy-side. World-class data supported by first-class service remains a prime focus of RIMES today, providing not only cost effective and business-ready data, but also the reliable governance that protects brand reputation and meets regulatory needs. RIMES services are designed, delivered, and supported by an expert global team serving over 250 investment managers, custodians, insurance companies and pension funds in 40 countries, and 50 out of the largest 100 global asset managers by TAUM. RIMES' suite of managed data services range from data processing through to data governance. All solutions are all fully managed and deliver hundreds of data sources from over 150 data partners in one single, fit-for-purpose feed. RIMES clients benefit from a world-class data operating platform without a major investment in people or technology. Firms that rely on RIMES achieve more with less.
A file accompanying this release is available at:
CONTACT: Cognito: Kevin Maher / Diana Alickaj RIMES@cognitomedia.com
Source:RIMES Technologies Corporation