Collabera’s business model provided us with the best fit both operationally and culturally and they were the stand out candidate during our extensive tender process.
Morristown, New Jersey (PRWEB) May 16, 2013
Collabera, a global consulting and technology services provider, today announced that it has been selected by IFDL to provide application development and maintenance services for the independent Wrap platform, Ascentric. IFDL is part of the Royal London Group, UK’s largest mutual life and pensions company.
The multi-year agreement with IFDL is a strategic partnership for Collabera, extending its footprint in the UK market. As part of this deal, Collabera has hired IFDL’s entire in-house technology services team based in Bangalore, to be fully integrated-in and be part of its strong global service delivery team. Key to the agreement is the transition to a managed services model, where Collabera will draw on its deep experience and best practices to help IFDL to maximize returns from investments and minimize total cost of ownership, providing the competitive edge to stay ahead of competition.
The future of Wrap platforms in the UK market is largely dependent on the platform provider’s ability to successfully identify advisors’ requirements and continue to invest in a scalable technology solution, providing the best functionalities and outstanding quality of service at competitive prices. With deep understanding of the evolving IT and business landscape, Collabera has the ability to accelerate the business value of IT initiatives by helping to bridge the strategy-to-execution gap through hands-on, cost-effective, highly mature and industry-specific solutions and services.
Krishnamurthy Ramamurthy, Senior Vice President and Head of Global Delivery at Collabera, said, “We are pleased to be selected by IFDL and the Royal London Group as a strategic partner and the start of this relationship is an exciting new chapter for us. We focus on helping our customers navigate the intricacies of the financial services market - declining fee revenues, need for alternative revenue growth strategies and managing cost of new regulations.”
Hugo Thorman, Managing Director at Ascentric and IFDL, said, “Collabera’s business model provided us with the best fit both operationally and culturally and they were the stand out candidate during our extensive tender process. We are very pleased to be working with Collabera and look forward to developing a long-term relationship with them.”
Collabera is a fast growing, end-to-end information technology services and solutions provider working with leading Global 2000 organizations from the Banking & Financial Services, Telecommunications & Media, Technology, Energy & Utilities and Manufacturing and Retail domains. Collabera delivers highly responsive and innovative solutions that help clients align their IT strategy with business goals to address the most important IT needs through a combination of consulting solutions, proprietary methodologies, assets based services and a Collaborative Engagement Model. Collabera employs over 8,000 professionals across more than 25 offices and 4 world-class delivery centers in the U.S., UK, India, Singapore and Philippines. We deliver a full portfolio of services that include Consulting, Application Development & Management, Independent Testing Services, Enterprise Software Solutions, Product Engineering Services, Business Intelligence & Data Warehousing, Mobile and Wireless, Infrastructure Management as well as Professional Services. For further information about Collabera, please visit http://www.collabera.com.
Ascentric, IFDL and Fundsdirect are trading names of Investment Funds Direct Limited (IFDL).
Investment Funds Direct Limited was founded in 1982, and Fundsdirect launched as the UK’s first online fund supermarket in December 1999. Since that time, the company has built on their reputation as a leading UK fund supermarket to provide Financial Advisers with a Wrap platform under the brand name of Ascentric. IFDL provides a full white label solution for institutional clients requiring bespoke technology and administrative services.
Ascentric is a Wrap platform, available exclusively to financial advisers and offers a fully integrated online investment management and dealing platform. It also enables advisers to transfer their clients’ assets onto a single platform to provide them with the ability to manage their client’s financial needs in just one place.
In October 2007, a majority holding of Investment Funds Direct Group Limited was acquired by Royal London Group. For further information about Ascentric and Fundsdirect, please visit either http://www.ascentric.co.uk or http://www.fundsdirect.co.uk
Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market which value quality propositions, operating through a number of brands:
- Scottish Life – UK pensions market
- Bright Grey – UK protection market
- Scottish Provident – UK protection market
- Caledonian Life – ROI protection market
- Royal London 360° – offshore investment markets
- RLAM – fund management
- Royal London Plus – life and pensions administration
- Ascentric/IFDL – Wrap platform
- MoneyVista – online financial planning service for consumers
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £49.8 billion. Group businesses serve over 3.6 million customers and employ 2,910 people. Figures quoted are as at 31 December 2012.
Sundari Pai; Tel: 973-889-5200
Dominic Ventham; Tel: 01225 787208