Data Services Provider RIMES Plans to Acquire Matrix IDM
- Financial details of the intended acquisition were not disclosed.
RIMES, an international strategic data partner for financial institutions, announced its intention to acquire Matrix IDM today, a leading investment data management platform based in Australia.
Through the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term, RIMES is planning to bring together superior managed data services and powerful Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term technology to help a broad range of financial institutions including institutional investors, asset management firms and other service providers solve difficult data issues.
RIMES outlined that Stuart Plane, Co-CEO of Matrix IDM, will become a part of the RIMES Executive Committee. The intended acquisition will expand the capabilities of RIMES. The company aims to provide quality data sets to leading financial institutions around the world.
"We believe this acquisition heralds a new era in the provision of data management solutions and is a pivotal moment for RIMES, Matrix IDM, our shared clients, and the industry. With Matrix IDM, we can offer an end-to-end solution that will enhance performance across our clients’ enterprise, from investment research to performance management to regulatory reporting,” Brad Hunt, CEO at RIMES, commented.
“In addition, the Matrix team brings an in-depth understanding of data management, sector knowledge and proven technical prowess. These attributes will help us to significantly accelerate the opportunities that the combined MDS and Matrix offering will deliver," Hunt added.
Data Services
In the latest announcement, RIMES highlighted the growing challenges in the use of investment data. The company mentioned that its innovative data management solutions will facilitate asset managers and other leading financial service providers.
"Data drives this vital industry and building advanced technology to support this has always been our passion. We strongly believe that being part of RIMES will enable us to accelerate the adoption of the Matrix IDM platform, which will be fueled by the highest-quality catalog of managed data sourced from the industry's broadest set of data providers. Combining our industry-leading capabilities into a single entity will empower our shared users to make even better-informed investment decisions," Plane said.
RIMES, an international strategic data partner for financial institutions, announced its intention to acquire Matrix IDM today, a leading investment data management platform based in Australia.
Through the Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term, RIMES is planning to bring together superior managed data services and powerful Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term technology to help a broad range of financial institutions including institutional investors, asset management firms and other service providers solve difficult data issues.
RIMES outlined that Stuart Plane, Co-CEO of Matrix IDM, will become a part of the RIMES Executive Committee. The intended acquisition will expand the capabilities of RIMES. The company aims to provide quality data sets to leading financial institutions around the world.
"We believe this acquisition heralds a new era in the provision of data management solutions and is a pivotal moment for RIMES, Matrix IDM, our shared clients, and the industry. With Matrix IDM, we can offer an end-to-end solution that will enhance performance across our clients’ enterprise, from investment research to performance management to regulatory reporting,” Brad Hunt, CEO at RIMES, commented.
“In addition, the Matrix team brings an in-depth understanding of data management, sector knowledge and proven technical prowess. These attributes will help us to significantly accelerate the opportunities that the combined MDS and Matrix offering will deliver," Hunt added.
Data Services
In the latest announcement, RIMES highlighted the growing challenges in the use of investment data. The company mentioned that its innovative data management solutions will facilitate asset managers and other leading financial service providers.
"Data drives this vital industry and building advanced technology to support this has always been our passion. We strongly believe that being part of RIMES will enable us to accelerate the adoption of the Matrix IDM platform, which will be fueled by the highest-quality catalog of managed data sourced from the industry's broadest set of data providers. Combining our industry-leading capabilities into a single entity will empower our shared users to make even better-informed investment decisions," Plane said.