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PARIS, FRANCE, December 22, 2017 /24-7PressRelease/ -- Linedata (Euronext Paris: LIN), the global solutions and outsourcing services provider to the investment management and credit finance industries, announced that it has been honored with the award for "Best Technology Initiative" for Linedata Navquest at the Mutual Fund Service and Technology Awards 2017 gala dinner in New York.
The award recognizes the people and organizations whose excellence and contributions to the mutual fund industry have stood out over the past 12 months. Moreover, it is testament to the relevance of Linedata's flexible technology and oversight solution in today's risk and control-focused financial environment. Linedata Navquest was recently selected by leading global investment managers John Hancock Investments and T. Rowe Price to enhance fund oversight and transparency.
Linedata Navquest offers oversight, validation, testing and contingency for the full range of middle office and fund accounting functions, developed from more than 70 customizable controls, using a client's own rules. It automatically "double checks" the internally or externally produced NAV by applying a series of customizable and independent controls against the data, mitigating risks associated with producing a timely accurate NAV. Linedata Navquest also highlights the specific NAV component which may be responsible for a discrepancy, supporting remediation.
"We are delighted to have Linedata Navquest acknowledged by the investment industry with the 2017 "Best Technology Initiative" Award," said Arnaud Allmang, Global Co-Head of Asset Management and Servicing at Linedata. "We are dedicated to partnering with our clients to solve their increasingly complex needs for flexible, scalable, auditable technology solutions and services today and as their businesses evolve."
With 20 years' experience and 700+ clients in 50 countries, Linedata's 1300 employees in 20 offices provide global humanized technology solutions and services for the asset management and credit industries that help its clients to evolve and to operate at the highest levels.
Headquartered in France, Linedata achieved revenues of EUR 166.8 million in 2016 and is listed on Euronext Paris compartment B FR0004156297-LIN - Reuters LDSV.PA - Bloomberg LIN:FP.
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