Anvaraly Jiva, Linedata
Linedata has signed an agreement to acquire Quality Risk
Management & Operations (QRMO), a provider of outsourced
middle-office, shadow accounting and risk monitoring services to
the asset management and securities industries.
The acquisition of QRMO, a Hong Kong-based company with 30 employees, allows Linedata to expand its outsourcing business and enhance its presence across Asia. QRMO will now be able to expand its range of outsourced services by integrating Linedata's broad range of technology solutions. This acquisition gives Linedata the ability to offer truly global, around-the-clock services to its clients.
Anvaraly Jiva, Founder and CEO of Linedata said: "This is an exciting and powerful addition to the Linedata business, particularly as more and more financial institutions look to outsource and benefit from scalable, best-in-class technologies and services. For more than a decade, QRMO has transformed the operational performance of asset managers across Asia. Integrating these services with our technologies strengthens the value of our offerings to the global financial services community."