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Linedata’s Beauchamp Enterprise Solution Deployed by Tennyson Fund Solutions
Publish Date : 2/20/2008 8:16:00 AM   Source : Software and ERP News Onlypunjab.com

Linedata Services (LIN:FP), the leader for investment software, solutions and services today announced the first live manager on its Beauchamp Enterprise Platform at Tennyson Fund Solutions, a global provider of fund administration, middle- and back-office outsourcing, and technology services to the hedge fund, fund of fund and private equity industry. Tennyson has integrated Beauchamp’s complete set of hedge fund products (Beauchamp Enterprise) to form an investment management platform on an ASP basis, significantly expanding their technology and client services offering.

This partnership with Tennyson comes at a time when many alternative investment groups seek complete solutions that afford them fiscally prudent methods to create greater controls and services with which to manage their assets; Tennyson’s outsourcing solutions, with Beauchamp’s Enterprise Solution as its core, on an ASP basis, is the answer.

“We are pleased to have licensed Beauchamp Enterprise to Tennyson Fund Solutions and feel that this partnership will afford the alternative investment market both opportunity and access to our award winning Hedge Fund Solutions” said David Bilbé, Managing Director, Linedata Services Northern Europe. “We have grown our business significantly in the past year and with the Tennyson partnership, we now have tremendous scalability and flexibility to expand the scope of our services and provide technology infrastructure directly to an expanded market. The Tennyson platform is the perfect solution for managers that seek solutions as robust as Beauchamp’s but lack the infrastructure and technology to do so."

With its first client live this past month, January of 2008, Tennyson expects exponential growth in the coming year and anticipated expansion of services from its main London office to Asia, North America and beyond.

“We are excited to partner with the industry’s most experienced hedge fund solutions provider who understands the challenges facing hedge funds today,” said Tony Stocks, Chief Executive Officer of Tennyson Fund Solutions. “With our first client live this year and more to come; we are confident that Tennyson has the right team, business model, and expertise to execute our vision of becoming a leading global fund administrator. We are only too pleased that Beauchamp Enterprise on an ASP basis is an integral part of Tennyson’s infrastructure enabling us to offer best of breed solutions to the hedge fund, fund of funds and private equity market.”

Notes to Editors

About Linedata Services

Linedata Services (LIN:FP) is the leader for investment software, solutions, and services. Linedata combines global reach, financial strength, and a deep understanding of Asset Management, Leasing & Credit Finance, and Insurance & Savings. Linedata Services Asset Management (www.ldsam.com) provides comprehensive, scalable solutions to the buy-side, managing the entire investment process from pre-trade to settlement. Linedata is unique because it offers a full front- to back-office solution via enterprise installation, hosting, or as an Application Service Provider, and has 20 years experience delivering ASP solutions.

Headquartered in France and listed on the Paris stock exchange, Linedata Services achieved revenues of EUR 164.8 million in 2007, has offices worldwide and services more than 1000 clients across 50 countries. For more information visit Linedata Services at www.linedata.com.

About Beauchamp Hedge Fund Solutions

Beauchamp, the hedge fund solutions offering from Linedata Services, has been building, marketing and supporting trading & portfolio management software products for alternative investment managers since 1997. The Beauchamp software suite caters to multi-currency, multi-asset class and multi-strategy investing and spans all stages of the trade life cycle, from electronic trading and order management, through to real-time P&L, portfolio analysis, automated reconciliation and portfolio accounting. www.ldsam.com.

About Tennyson Fund Solutions

Tennyson Fund Solutions is a fund administrator offering front-to-back solutions for hedge funds, funds of funds and private equity funds, using a state-of-the-art technology and client service platform. Tennyson Fund Solutions was founded by Tony Stocks, formerly the group director of Citco Fund Services until 2001.

Tennyson looks to service hybrid funds – multi-strategy, event-driven, global macro, emerging markets, by capitalizing on the ability of the Beauchamp software suite to cover most instruments. Tennyson also services fund of funds and family office clients



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