RIMES Technologies, the integrator of financial market data for the global investment community, has added PacificData to its portfolio of data partners. PacificBase™, the Japanese company fundamentals database, is now integrated with the extensive range of analytics and international data already available through RIMES.
PacificData has been delivering Japanese equities information direct to users via PacificBase’s™ delivery and analytics platform since 1993. It is currently the only product which incorporates the latest Japanese accounting disclosure changes brought about by the New Company Law. Rimes is the first and only planned data platform to integrate PacificData information products with premium international financial databases, enhancing an already substantial universe of data from a single source and presented in a tailored and consistent way.
PacificBase™ has been added to meet the demand from international fund managers and analysts to access, manipulate and cross-reference data from the increasingly important Japanese market. It comprises detailed fundamentals and market information on 4,800+ Japanese listed companies as well as REITs and IPOs. The data is based on annual filings, earnings announcements and registration documents, is obtained from multiple sources and is subjected to rigorous data processing and quality assurance.
Luis Lamas, Founder & CEO of PacificData, commented: “Our aim has always been to provide integrated and comprehensive solutions for Japanese financial information to investment professionals worldwide. Rimes adds significant value by maximising the value of data via its powerful integration and access tools.”
Andy Barrow, Head of Rimes Asia Pacific, commented: “Adding PacificBase™ to RIMES significantly enhances our Japanese data by offering researchers the unique ability to analyse this premium Japanese company data using the same integrated solutions as they do for international data. As Japan opens up to foreign investment and benchmarks such as MSCI start to include more Japanese securities, the buy-side will need to understand small and mid-cap Japanese companies in much greater detail. Access to high-quality data will be crucial during this period, which makes Rimes and PacificBase™ such a great fit.”
Campbell Gunn of T. Rowe Price added: “Having been a user of PacificBase since it launched in 1994, on joining T. Rowe Price in 2002 I recommended that our Japanese analysts and portfolio managers adopt the service. We find the data feeds easily into our internal systems and is highly customizable. PacificBase is an important part of our investment decision making process.”
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