Vitec Aloc enters into collaboration with independent Asset Management client in growth
Vitec Aloc, one of the Nordic region’s leading software houses in advanced capital market solutions and provider of the PORTMAN investment management platform, has started the year strongly with the influx of several new clients. Most recently, the company has entered into an agreement with an independent asset management client with its own mutual funds and global reach.
The client, a Danish asset management company, made its choice after a thorough search of the market in relation to Vitec Aloc’s PORTMAN investment management solution. With expected growth in discretionary mandates, among other areas, in the coming years, it was especially important for the asset management company that the new solution is scalable and future-proof, and here Vitec Aloc’s market-conform platform was in a strong position. PORTMAN has a modular structure and the modules are configured on delivery, which was an important parameter for the client’s choice, along with Vitec Aloc’s market knowledge and belief that the best solutions are created through collaboration and partnerships.
Mikkel Rahbek Brunse, CEO at Vitec Aloc, welcomes the arrival of yet another ambitious client and looks forward to long-term collaboration: “We’ve had a brilliant start to the year in which we’ve welcomed several new clients, and now also a large, independent asset management client with its own mutual funds. Many of our clients buy into PORTMAN’s modular concept, as it gives them an out-of-the-box and scalable solution tailored precisely to their business needs. This, in conjunction with our being a Nordic supplier that isn’t only close to the market, but also to our clients, is most often what weighs the most in our clients’ choice of us as supplier”.
With the well-established investment management solution from Vitec Aloc, the asset management company will strengthen and standardise its middle and back office functions as well as its processes and, not least, reduce its operational risks. Among other features, the solution gives the asset management company a complete overview of its portfolios in terms of holdings, returns, exposures and risks, thus releasing time for more value-creating activities to the benefit of its clients. In addition, the solution contains several integrations, including directly to the asset management company’s ERP system and selected custodian banks. And with PORTMAN’s API, it becomes possible to create more integrations with a very short time-to-market when needed.
For further information, please contact:
Mikkel Rahbek Brunse, CEO, Vitec Aloc, on tel. +45 29997160.
About Vitec Aloc
Vitec Aloc A/S is part of the Nordic software group Vitec Software Group AB (publ) with 975 employees in the Nordic region. Vitec Aloc offers products that meet all professional requirements for portfolio and risk management, treasury and stock trading, and supplies solutions to some of the most ambitious and successful companies in the market. Vitec Aloc’s services cover a full range from consulting, analysis, integration and implementation to hosting. Read more about Vitec Aloc on www.vitecsoftware.com/aloc-uk.
Vitec is market leader for Vertical Market Software in the Nordic region. We develop and deliver standard niche software. Vitec grows through acquisitions of well-managed and well-established software companies. The Group's overall processes together with the employees' in-depth knowledge of the customer's local market enables continuous improvement and innovation. Our 975 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 1,313 million in 2020. Find more at www.vitecsoftware.com.