Vermilion Software Achieves Milestone for Growth in North America

12 January 2011

To round off another successful year, Vermilion Software has announced the signing of two new U.S. clients, bringing the combined total of Assets Under Management serviced by it’s product to over US$1 trillion. David Mead, Vice President of North America spoke of the landmark saying, “this is a notable achievement, and is directly attributed to both the strength of the Vermilion Reporting Suite (VRS) and the solid return on investment that our asset management clients achieve through client reporting workflow automation. Furthermore, the wealth of inherent hands-on client reporting experience and expertise at Vermilion is something that our clients highlight as a key differentiator from our competitors. We speak the same language as our customers, and this proves to be extremely beneficial in all of our client partnerships.”

Vermilion’s most recent clients include one of the largest fixed income managers in the U.S., and a premier global outsourcer of middle and back-office services based in New York.

“Vermilion is attracting a broader set of clients thanks to the inbuilt flexibility of the VRS solution, from institutional asset managers and those serving the private client market to mutual fund managers and outsourcers,” noted Ben McCormack, head of implementations for North America. “We are also experiencing significantly greater interest in our hosting services, which offer clients a viable alternative to an in-house deployed solution to add to the overall efficiency and speed of deployment.”

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