ALPS Fund Services selects Linedata Services' Linedata Compliance
22 January 2007Boston - Linedata Services, a leading provider of software and services to the global financial services marketplace, today announced that ALPS Fund Services (ALPS) has selected Linedata Compliance to be run as a service for their clients. This new sale of Linedata Compliance follows the sale announced last month to Lombard and highlights the tremendous momentum Linedata Compliance has in the global marketplace today.
ALPS was in the market for a user-friendly, comprehensive, compliance system to provide their clients with regulatory monitoring and web based reporting. ALPS reviewed several of the leading systems in the marketplace and selected Linedata Compliance based on its easy-to-use, intuitive user interface, strong compliance rules capabilities and web based reporting features.
Ned Burke, President, ALPS Fund Services, explains "We selected Linedata Compliance for many technical reasons, including its Microsoft based interface and extensive rules libraries, but equally important was Linedata's strong client focus on us. We value strong client relationships in our business and seeing the value that Linedata places on this attribute was important to us."
Eric Bernstein, SVP of North American Sales and Relationship Management for Linedata Services, commented, "we have spent a lot of time focusing on making Linedata Compliance the compliance system that is easiest to use in the market and this strategy seems to be paying off. We are seeing strong market demand for comprehensive, global compliance monitoring systems, and firms like ALPS are realizing that these systems should not have to be difficult to use. We are very pleased to be part of the innovative services that ALPS provides to their clients."
About ALPS Fund Services
Established in 1985, ALPS Mutual Funds Services, Inc. is a Denver-based outsourcing solution for administration, fund accounting, transfer agency and shareholder services for mutual funds, closed-end funds and exchange-traded funds. ALPS has over $13 billion in client mutual fund assets under administration. ALPS Distributors, Inc. provides distribution services and has over $150 billion in client assets under distribution. For more information, visit www.alpsinc.com.
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