New York, NY (PRWEB) July 19, 2010
Asset Control recently entered into an agreement with The Capital Group Companies, Inc., one of the world’s leading investment management organizations, to provide financial data management solutions through Asset Control’s AC Plus. The Capital Group will use AC Plus as part of its plan to upgrade middle- and back-office technologies to increase operational efficiencies and business flexibility.
AC Plus will provide The Capital Group with a centralized data management platform to meet a vast range of data requirements in support of global investment operations. The Capital Group will also use the AC Connect module, which provides adaptable integration, messaging and web services and simplifies the introduction of new business applications into the data management framework.
Phil Lynch, Asset Control’s president and chief executive officer, said, “Organizations like The Capital Group who seek innovative ways of enhancing their businesses have a distinct advantage in terms of enhancing efficiencies in operations and trading. We are pleased that The Capital Group has placed its trust in Asset Control to play a significant role in its technology initiative to continuously improve business processes and establish infrastructures that offer the flexibility that is increasingly required in today’s ever changing industry.”
About Asset Control
Established in 1991, Asset Control provides centralized data management solutions for financial institutions worldwide. From business-entity to firm-wide projects, Asset Control offers a strategic reference and market data platform that delivers the accuracy, consistency and relevancy firms need to reduce costs and risk, manage evolving compliance needs, and accelerate the delivery of new products and services. For more information, visit http://www.asset-control.com.
Trademark Information: Asset Control, the Asset Control logo, AC Plus and AC Connect are trademarks or registered trademarks of Asset Control Systems, Inc. or its subsidiaries or affiliates in the U.S. and/or other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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