Linedata announced its been chosen by Quantis Investment Management, an Eastern European multi-manager fund firm, to provide software for its front and back office operations.
The agreement is Linedata’s first with a Hungarian-based asset management firm. In a release, Quantis said it needed an integrated, comprehensive platform that could handle rapid growth and be in compliance with the latest Hungarian regulations that require auditable fund management software.
“Our assets under management has doubled over the past year and we expect extraordinary growth in the near future both locally and regionally,” Quantis Chief Executive Akos Sarandi said in a statement. “We needed a way to confidently automate our workflows and be compliant with Hungarian fund accounting regulations.”