Published On: Mon, Dec 6th, 2010

Sophis VALUE Powered by Options IT Expands Service to Asia

Sophis, a leading provider of cross-asset, front-to-back portfolio and risk management solutions, today announced that it has expanded its Options IT-hosted VALUE portfolio and risk management solution to buy-side firms in the Asia Pacific region.

In June Sophis announced it had selected Options IT, a global provider of high-performance technology Infrastructure-as-a-Service for sell-side and buy-side firms, to provide an enterprise-strength hosting environment for Sophis VALUE clients in North America and Europe.

Sophis VALUE is a front-to-back investment management system that provides complete cross-asset coverage for the buy-side from equities and fixed income to all forms of derivatives. The system helps firms build superior decision support, manage portfolios and compliance, and handle portfolio accounting regardless of product breadth.

Sophis VALUE clients in Asia may now choose from three delivery models based on their specific business needs: on-site deployment, a SaaS delivery model via iSophis, or VALUE powered by Options PIPE Momentum, a fully managed and optimised vendor-neutral hosting service for proprietary and third-party financial applications.

“Our partnership with Options IT provides Sophis VALUE users across the Asia Pacific region with maximum application availability through proactive monitoring and support,” said Jean-Sebastien Py, General-Manager of Sophis, South East Asia. “Clients will benefit from scalability and flexibility to grow in a complex market, whilst reducing their technology management costs, allowing them to focus on building their business, rather than their IT platform.”

Corinne Grillet, Chief Operating Officer of Sophis Asia continued; “The extended partnership between Sophis and Options IT across the region has enhanced our delivery strategy, under which our clients can access our solution “on site,” under “hosted mode,” or under a SaaS mode (iSophis). The “hosted mode” available will be particularly useful for hedge funds, boutique asset management firms and family offices.”

Simon Chivers, Head of Asia, Options IT, added: “We’re delighted to extend our PIPE Momentum hosting service to new and existing Sophis VALUE clients in the Asia Pacific region. As firms continue to look for ways to reduce the on-going cost of technology management without compromising performance, outsourcing the underlying technology infrastructure and connectivity has consistently proven to be an optimal solution for achieving both objectives.”

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