Jonathan Worrall, CEO of Mergent, said, “This exciting combination of Mergent’s superior municipal bond data with Black Mountain System’s Everest platform will bring significant benefits to current and future clients of both of our firms.
San Diego, CA (PRWEB) May 14, 2013
At the National Federation of Municipal Analysts (NFMA) Conference this week in San Diego, Black Mountain Systems announced its partnership with Mergent, Inc. as a new data provider to the Everest platform for municipal security master integration. Everest, Black Mountain’s industry-leading enterprise platform, allows users to efficiently access Municipal market, demographic, and customer-generated data in an easy-to-use format. Other key features include trade allocations across 1000s of accounts based on specified asset criteria, commentary and data organized by obligor, configurable workflows, geographical heat mapping to visualize exposure by state and county, and integration with government economic and financial data services to cross-reference holdings with BSL or MSRB data and MMD curves or other indices.
When asked about the partnership, Jonathan Worrall, CEO of Mergent, said, “This exciting combination of Mergent’s superior municipal bond data with Black Mountain System’s Everest platform will bring significant benefits to current and future clients of both of our firms including streamlined trade execution and settlement. We also look forward to giving these clients the ability of automating the onerous task of maintaining their municipal security master.” Mergent, Inc. is a leading provider of business and financial information on global publicly listed companies as well as the exclusive provider of several D&B®/Hoover’s™ library solutions.
Attendance at the NFMA marks Black Mountain’s one-year anniversary of serving the municipal market space. “We are thrilled to be at the NFMA again after the overwhelmingly positive response we received last year, and we are driven to fill the gap presented by the lack of satisfactory technological solutions in the municipal market. With every new release of Everest, our clients make it clear to us that we meet the specific needs of municipal finance and mutual fund professionals in a way that wasn’t available to them before,” said Wayne Elpus, Co-Founder and CIO at Black Mountain Systems.
Mergent, Inc. is a leading provider of business and financial information on global publicly listed companies as well as the exclusive provider to the library and academic market of D&B® print and online library solutions. Based in the U.S, the company maintains a strong global presence, with offices in New York, Charlotte, San Diego, London, Tokyo, Kuching and Melbourne. Founded in 1900, Mergent operates one of the longest continuously collected databases of descriptive and fundamental information and pricing and corporate action data on domestic and international companies, together with terms and conditions data on corporate and municipal bonds. To learn more, visit http://www.mergent.com
About Black Mountain Systems
Black Mountain Systems, founded in 2007, is an independent financial software development firm that develops innovative solutions for institutional investment managers. Everest, Black Mountain Systems’ award-winning proprietary front office software solution, is tailored specifically to individual client needs. Everest delivers superior credit analysis tools, easy-to-use portfolio management and reporting, a trade order management and compliance system, and a data warehouse solution to institutional investors in syndicated loans, high yield and municipal bonds, derivatives and other alternative investments. Clients consist of many of the world's preeminent hedge funds, private equity firms, investment managers and banking firms. Everest's services give analysts, traders and portfolio managers the workflow management and business intelligence tools necessary to quickly and efficiently navigate and analyze information critical to the investment process.