Sophis, a leading provider of cross-asset, front-to-back portfolio and risk management solutions, today announced the launch of a global partnership with IBM financial services, aimed at strengthening implementation and support. Customers including banks, asset managers, hedge funds and insurance companies can now benefit from the strength of Sophis’ market leading cross-asset portfolio and risk management STP products as well as IBM’s Financial Markets expertise and global capability.
The partnership complements the Sophis offering across its international office network. As a firm focused on developing advanced software, Sophis continues to enhance its suite of products to ensure fast deployment, ease of operation and fluid versioning at firms with high trading volumes and/or sophisticated capital market activities. IBM will support Sophis’ vision by providing expertise throughout the product life cycle, from requirement gathering to successful launch, to ensure clients have at their immediate disposal the methodology and know-how they need to tackle the most challenging deployment or migration situations.
IBM and Sophis have already demonstrated their successful partnership by working together on key projects deploying Sophis in record time at several large banks. The winning combination of Sophis technology and IBM professional services has helped firms who are in need of an advanced system capable of handling complex structuring operations, demanding middle-office operations, and a robust and scalable back-office system. With this partnership now in effect in the US and Europe, Sophis and IBM will leverage the expertise built together to benefit clients globally.
"Sophis and IBM have built a strategic alliance to ensure the success of Sophis platform in servicing its clientele. IBM is pleased to partner with Sophis to enable customers to derive and maximize the benefits of Sophis technology through IBM’s deep industry expertise and proven methodologies" states Sanny Makki, partner – Financial Markets at IBM.
"This strategic initiative will strengthen our commitment to marry software engineering excellence and scalable client support, especially in our international expansion, and will enable us to spread the usage of Sophis products across the world with the assurance that clients will always get the help they need," explains Pascal Xatart, Sophis ceo.
