InvestTech and Irion Successfully Pilot IDQ to Facilitate the Migration to Advent’s Portfolio Exchange (APX) for Analytic Investors

Los Angeles, New York, Toronto, London - 26 January 2011

InvestTech Systems Consulting, Inc., the leading Investment Technology and Investment Operations consulting firm for institutional investment managers, and an Advent Certified consulting partner, completed a mission critical platform migration for Analytic Investors, an institutional asset manager focused on quantitative based investment strategies.

InvestTech’s Sean Rahbari, a Certified Advent Consultant, assisted in the implementation and explains, “the client’s plan called for an accelerated implementation schedule to achieve parallel processing within weeks of the project start date. We suggested the use of IDQ, a rapid data integration, data quality platform, to meet Analytic’s objectives.”

Analytic agreed to a twenty-one-day pilot of the IDQ framework to build the critical bridges necessary to achieve an accelerated parallel test environment. The framework was completed in seven days and rolled out for use by the Analytic team.

“It was a perfect fit for the IDQ solution,” Mr. Rahbari continued. “We created a data map between Analytic’s current software environment and Advent APX to facilitate the daily processing of transactions, prices and positions. This allowed InvestTech to train the Analytic staff using same-day production data. The staff learned the new Advent APX system quickly and the process allowed the project team to fine tune the daily and periodic workflows in real-time. This resulted in an accelerated conversion and a higher state of readiness prior to the production cutover.”

Working closely on this implementation were Analytic Directors Dennis Roy and Mark Arredondo. Mr. Arredondo commented, “InvestTech was able to substantially accelerate adoption of the Advent APX solution and to significantly reduce implementation costs.”

Mr. Roy continued, “IDQ was a valuable resource and significantly contributed towards the success of our systems conversion. The ability to quickly transfer data between legacy infrastructure and new systems allowed us to rapidly enter a true parallel processing environment. The ease of maintaining this environment provided our staff more time to learn the system in depth and formulate efficient processing, reporting, and reconciliation workflows.”

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