– Selects Options IT to power the solution and provide technology and infrastructure support
Sophis, a leading provider of cross-asset, front-to-back portfolio and risk management solutions, today announced the launch of a hosted version of Sophis VALUE (VALUE), its market leading portfolio and risk management system.
Sophis has selected Options IT, a leading global provider of high-performance technology Infrastructure-as-a-Service, managed hosting, ultra-low latency market data and connectivity for buy-side and sell-side firms, to power the new offering within its Options PIPE® Momentum service. PIPE Momentum is a software vendor neutral, complete managed hosting service for proprietary and third-party financial applications spanning all front-, middle-, and back-office business processes.
The new hosted version of VALUE can quickly be deployed in a cost efficient manner. All Options PIPE services are fully optimized and deliver the efficiencies of a hosted technology service with the scalability, strength and security of an enterprise solution.
VALUE is now available to clients in three alternative delivery models: on-site, hosted or as a SaaS solution via iSophis, providing a wider range of options to suit each client’s specific requirements.
“Changes in the market environment mean that our clients are seeking alternative solutions for the delivery and maintenance of their IT systems. A number of our clients are successfully running Sophis VALUE as a hosted solution with Options IT and it made sense to expand this offering to more clients. This partnership enhances our delivery strategy, under which Sophis clients can access our solution on site, under a hosted mode or under a SaaS mode (iSophis),” said Pascal Xatart, ceo, Sophis. “Our new hosted offering will be particularly compelling for hedge funds, boutique asset management firms and family offices.”
Nigel Kneafsey, ceo of Options IT, added: “We’re delighted to have been selected as the technology environment to power the hosted Sophis VALUE solution. As firms continue to look for ways to reduce the on-going cost of technology management without compromising performance, they increasingly see outsourcing the underlying technology infrastructure and connectivity as an optimal solution for achieving those objectives.”
