Partnership to provide compelling front-to-back solutions to the wealth management sector
London, July 14, 2011 - 3i Infotech, a global provider of IT solutions, and Third Financial Software, provider of wealth management software solutions, today announced a partnership to provide wealth and asset management firms with a wealth management platform that combines a next generation front-office with proven back-office technology.
The partnership marks an important strategic step for 3i Infotech’s European business and underlines its long-standing commitment to its well established customer base that includes some of the UK’s leading financial institutions. Third Financial, with its tercero Wealth Workstation provides solutions for portfolio management, compliance, client relationship management, document management, and on-line access for investors and intermediaries.
Ian Hallam, Chief Executive Officer, 3i Infotech – Western Europe, said: “We strive to deliver solutions which exceed client expectations and provide them with the tools needed to deliver unparalleled servicing to their own clients in turn. We recognized a similar ambition and focus on customer service quality in Third Financial, whose front-office technology provides both the user experience and flexibility that today’s wealth manager demands. We are committed to investing and partnering with sector leaders, to provide solutions which are both leading edge and robust.”
Founding Director of Third Financial, Gary Linieres added: “Being chosen by 3i Infotech as the best in class portfolio management system is a strong message to the market. We are 100% dedicated to providing the market leading front- and middle-office technology to meet the increasing market requirements for modern, scalable systems. Our product tercero will help provide 3i Infotech’s clients access to innovative functionality for model-based investment management, relationship management, compliance, suitability and client servicing. The drive for regulation, coupled with a sector requirement for transparency and ultra-efficient back-office processes is driving new demand for quality front-to-back solutions.”
The 3i Infotech and Third Financial partnership will provide strategic solutions tailored to the needs of both organisations’ investment management clients. 3i Infotech is the UK market leader in asset management solutions, with six out of the top ten UK private wealth managers using its software and services.* Third Financial recently announced six new clients in 2011, with a revenue forecast of 75% growth for the year.
*PAM 2010
About 3i Infotech
3i Infotech (www.3i-infotech.com) provides software products and IT services for the Banking, Financial Services & Insurance (BFSI); Manufacturing, Retail & Distribution; and Government verticals. The Company's quality certifications include ISO 9001:2008 for BPO, ISO/IEC 27001:2005 for Data Center Operations and ISO/IEC 20000-1:2005 for Data Center Management Services. The Company has embarked on re-appraisal under SEI CMMI ML 5 for some of its software development Centers in India.
By using its domain knowledge and through continuous investment in technologies, 3i Infotech enables corporations transform their businesses through its expertise in enterprise-class software solutions, software services including Testing Services, information security consulting, system integration services, IT infrastructure and Disaster Recovery solutions.
About Third Financial Software
Third Financial Software (www.thirdfin.com), with offices in London and Broome, Worcestershire, is a technology company focused on providing software and services to the wealth management community. The tercero Wealth Workstation, Third Financial Software’s new generation wealth management platform, has been developed to provide an integrated wealth management solution for discretionary and advisory managers.
For more information, please contact:
Dee Burke, Metia for Third Financial
Phone: +44 (0)20 3100 3676
E-mail: Dee.burke@metia.com
Nicola Harley
Head of Marketing
3i Infotech (Western Europe)
Switchboard: +44 (0) 20 7071 3000
Phone: +44 (0) 20 7071 3012
Fax: +44 (0) 20 7071 3001
E-mail: Nicola.Harley@3i-infotech.eu
Disclaimer:
Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will", "would", "expect", "believe", and similar expressions or variations of such expressions may constitute "forward-looking statements". These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of our principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.