New York
27 January 2017
Reporter: Katherine Brown

Linedata acquires outsourcing specialist


Linedata, a technology solutions provider, has acquired Gravitas Technology Services, a middle-office and technology services provider to the asset management industry.

Gravitas offers outsourced middle- and back-office operations, designed to be both comprehensive and scalable, and will bring over 20 years of experience in providing these functions to clients.

According to Linedata, combining its software platforms with Gravitas’s outsourced services will help it to provide a more tailored service, while distributing Gravitas’s services worldwide.

Linedata founder and CEO Anvaraly Jiva said: "We are delighted to welcome Gravitas’s clients and employees into Linedata. Gravitas’s award-winning outsourcing services, combined with our technology platform, will enable us to accelerate our ambitious and innovative Linedata 2018 growth strategy."

Jayesh Punater, founder and CEO of Gravitas, added: "Linedata's technologies and global reach will bring us genuine and unique abilities to extend and improve our range of services."

More technology news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Trade Informatics releases Peer Analysis tool
20 September 2017 | New York | Reporter: Jenna Lomax
The new addition will provide asset managers with tools to analyse how they compete with other money managers
SS&C on point with launch of Precision LM 3.0
19 September 2017 | Windsor | Reporter: Theo Andrew
With improvements spanning across the loan production, servicing and technology functions, the Precision LM 3.0 upgrade also includes expandable web services, helping to improve operational efficiency
Linedata and DTCC keep partnership going
19 September 2017 | London | Reporter: Jenna Lomax
The new updated programme, Extensible Markup Language allows Linedata clients to match transactions across extended asset classes, and enables trade processing on one platform
Euroclear-DTCC and Lombard Risk link collateral management programmes
18 September 2017 | London | Reporter: Jenna Lomax
Lombard Risk has partnered its Colline solution with DTCC and Euroclear's GlobalCollateral margin transit utility (MTU) programme
Blockchain fund recording platform launches
15 September 2017 | London | Reporter: Theo Andrew
The IZNES platform, based on blockchain technology, allows investors, asset management firms, distributors and wealth management advisors to quickly access fund units, while connecting firms with investors
The Bunker digs in with fintech Sandbox service
15 September 2017 | London | Reporter: Theo Andrew
Sandbox will offer a “secure, flexible, online space” for entrepreneurs to develop and demonstrate products
Smartkarma to provide research through NYFIX Portal
13 September 2017 | Singapore | Reporter: Stephanie Palmer
Asian investment research provider Smartkarma has paired up with Ullink to make its cloud-based platform available through the NYFIX Portal
More technology news