DST International (DSTi) - the leader in business solutions for the investment management industry and business process management - announces that MedInvest (Pty) Ltd, a wholly-owned subsidiary of Medscheme Limited, has signed for HiPortfolio/3 - DSTi`s portfolio administration and fund accounting solution. The HiPortfolio product range is used by over 250 organisations in 32 countries worldwide.
Medscheme was founded in 1971 and offers fully integrated health fund management services to over 2.5 million South Africans. With a market share of approximately 35% Medscheme is Africa`s largest private health fund administrator. MedInvest was established in 1994 to provide medical schemes with a specialised investment management service involving the investment of their short-term assets. MedInvest currently manages assets in excess of R2.7 billion.
Willem Smith, managing director of MedInvest, said: "We are one of the few companies in SA to offer consulting services and asset investment management to medical schemes. Our approach is to outperform the benchmark set by our clients and we believe that HiPortfolio/3 will provide that platform, and even able us to expand our offerings to our clients.
Smith continued: "With HiPortflio, MedInvest has acquired a multi-faceted platform that supports the most comprehensive range of investment instruments and products that will preserve our clients` capital investments."
Marisa Bellini, DSTi`s South Africa (Pty) Ltd Director, said: "By selecting HiPortfolio/3, MedInvest confirms that it is truly the leading product for back office systems. MedInvest leads the way in SA`s health industry and HiPortfolio/3 will ensure that their back office remains future-proof. We have designed HiPortfolio/3 and continue to invest in further development so that it will continue to meet the increasingly complex requirements in the area of investment of funds and the management of cash flows, and - because it is scalable, HiPortfolio/3 is the ideal platform to allow MedInvest to expand their range of services."
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With 18 offices and over 1 300 professionals to support its growing client base, DST International provides a unique and comprehensive range of investment management and business process management software solutions and related services to 600 clients in 55 countries.
http://www.dstinternational.com
MedInvest (Pty) Ltd
MedInvest was established in 1994 and is a wholly-owned subsidiary of Medscheme (Pty) Ltd and has grown into a specialised investment management company concerning the investment of short-term assets on behalf of medical schemes.
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