SunGard (http://www.sungard.com) today announced that Ultimus Fund Solutions, a premier service provider for small- to medium-sized mutual funds, has upgraded to the ASP Version 6.0 of InvestOne Enterprise (http://www.sungard.com/investone), SunGard's investment accounting solution for institutional and alternative asset managers and third-party administrators.
Ultimus Fund Solutions, an InvestOne Enterprise customer since 1999, is the first firm to take full advantage of the recent enhancements to the accounting and reporting solution. Released in June 2006, Version 6.0 represents the first release of InvestOne Enterprise's next-generation technology and the continued evolution of the platform into a configurable, enterprise solution, based on an extensible and scalable service-oriented architecture (SOA).
"The recent enhancements to InvestOne Enterprise have exceeded our expectations and can help us continue to provide the greatest level of service to our clients," said Theresa Bridge, vice president, mutual fund controller at Ultimus Fund Solutions. "Our business philosophy is to offer our clients a high level of individual service, based on strong relationships, without sacrificing quality for scale. With InvestOne Enterprise, we have a full range of functionality. As an ASP platform, InvestOne affords us the flexibility and scalability that helps us to tailor our services according to our clients' needs."
"InvestOne Enterprise represents some of the most comprehensive and up-to-date technology available for fund accounting," said Doug Morgan, president of SunGard's investment systems business unit. "In fact, the system was recently named the Most Innovative Fund Administration and Accounting Solution by Financial-i magazine. Ultimus Fund Solutions is a valued, long-standing customer and the company's adoption of our new technology demonstrates its continued recognition that InvestOne Enterprise has the depth and breadth to help investment managers and fund administrators improve efficiency, manage costs, and minimize risk."
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Ultimus Fund Solutions provides highly personal and comprehensive mutual fund services to small-and medium-sized fund groups. Ultimus provides mutual fund services to 23 clients with over $8.8bn in net assets. The company offers mutual fund organization, fund administration, fund distribution, fund accounting, and transfer agent and shareholder services.
InvestOne Enterprise
SunGard's InvestOne Enterprise is one of the industry's most trusted investment accounting solutions. InvestOne Enterprise helps meet the needs of a range of financial institutions, including many of the world's largest banks and financial services companies. A real-time, multicurrency system supporting straight-through processing, InvestOne Enterprise helps organizations account for virtually any kind of security held in nearly any kind of fund from hedge funds and funds of funds to pension funds, mutual funds, bank commingled funds, offshore trusts, and more specialized funds.
SunGard
With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services, higher education and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.