More Options for GoldenSource
EDM and managed services providers team up for joint solution
Managed service and IT infrastructure provider Options (formerly Options IT) and enterprise data management (EDM) solutions provider GoldenSource have announced a partnership to provide clients with a fully managed, end-to-end application and hosting platform and data management service.
GoldenSource initiated the venture and examined 17 potential partners before settling on Options, partly because of its financial services focus.
Jon Hallam, vice president of on-demand services at GoldenSource, says the partnership offers clients a one-stop shop. "If you go to a toolkit such as Amazon you still require a managed service on top of that to configure your security—Oracle applications, and so on. Options bundles everything to offer a full Platform as a Service. It enables us to have a very solid turnkey solution without having to matrix out to lots of different organizations."
GoldenSource and Options are offering the service to existing clients but also hope to attract new clients with the turnkey option.
"What are seeing is our existing clients looking for a deeper relationship with their suppliers. They are saying: 'Can you take the application and manage it for us?'" says Neill Vanlint, head of global sales and client operations at GoldenSource. "More and more, the hardware and the IT underlying the application is considered a commodity.
"This partnership gives us the option to broaden our relationship with existing clients and help them meet their objectives to outsource. But also newer clients are saying: 'We don't want to start reinvesting in the hardware. We want to start on a service basis.' The market is generally more comfortable with service-based offerings."
Options founder and CEO Nigel Kneafsey comments: "[This alliance] will complement our existing partnerships given the increased regulatory requirements on the financial community to employ an EDM solution."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
New working group to create open framework for managing rising market data costs
Substantive Research is putting together a working group of market data-consuming firms with the aim of crafting quantitative metrics for market data cost avoidance.
Off-channel messaging (and regulators) still a massive headache for banks
Waters Wrap: Anthony wonders why US regulators are waging a war using fines, while European regulators have chosen a less draconian path.
Back to basics: Data management woes continue for the buy side
Data management platform Fencore helps investment managers resolve symptoms of not having a central data layer.
‘Feature, not a bug’: Bloomberg makes the case for Figi
Bloomberg created the Figi identifier, but ceded all its rights to the Object Management Group 10 years ago. Here, Bloomberg’s Richard Robinson and Steve Meizanis write to dispel what they believe to be misconceptions about Figi and the FDTA.
SS&C builds data mesh to unite acquired platforms
The vendor is using GenAI and APIs as part of the ongoing project.
Aussie asset managers struggle to meet ‘bank-like’ collateral, margin obligations
New margin and collateral requirements imposed by UMR and its regulator, Apra, are forcing buy-side firms to find tools to help.
Where have all the exchange platform providers gone?
The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.
Reading the bones: Citi, BNY, Morgan Stanley invest in AI, alt data, & private markets
Investment arms at large US banks are taken with emerging technologies such as generative AI, alternative and unstructured data, and private markets as they look to partner with, acquire, and invest in leading startups.
