RIMES, the leading provider of managed data services to the financial services industry, today announced that it has been named “Best Data Provider to the Buy-Side” at the 2013 Buy-Side Technology Awards. This is the seventh successive year RIMES has won this prestigious award. RIMES is one of only two firms to have won a specific category every year since inception of the Buy-Side Technology Awards in 2007, highlighting the industry-leading product development and deep importance of its solution suite for buy-side firms.
Alessandro Ferrari, SVP Global Marketing, RIMES Technologies, comments, “We are honored to be recognized by the judges again for our continued market leadership and inventive product roadmap. As the requirements for benchmark and reference data and their governance grow increasingly important to buy-side executives and other asset owners with each passing year, we are committed to staying ahead of our clients’ evolving needs.”
With a judging staff comprised of top investment management consultants and seasoned editorial staff, the Buy-Side Technology Awards seek to recognize the industry’s most proven and promising technologies and vendors. All judging is done digitally and remotely, ensuring a blind process. The full list of winners is available on the award’s webpage.
The ‘Best Data Provider to the Buy-Side’ category entries were judged on the ability of the company to integrate with other systems, the quality of data provision and additional functional services. With a refined quality control process ensuring data integrity, distribution of 600+ data sources from over 200 data partners via connections to an exhaustive list of investment management platforms and an ever-growing set of value-added services, RIMES’ Managed Data Services bested the competition to capture the award yet again.
Ferrari continued, “With greater attention to data quality, management, usage and distribution being driven by both greater complexity and scrutiny – from regulators, investors and data providers – buy-side firms need a thorough and carefully planned approach to exercise compliance and cost-savings while avoiding the reputational risks and wasted resources that can be incurred in its absence. We are here to ensure that our clients can maintain their focus on the business of managing money, not the data that runs it.”