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Exchange Data International Forms Alliance with AIM Software

06-28-2006 03:25 PM CET | IT, New Media & Software

Press release from: AIM Software GmbH

Exchange Data International Forms Alliance with AIM Software

EDI maps content to AIM Software's data integration platform GAIN

Exchange Data International (EDI), a leading provider of high-quality, accurate international securities data, and the international data management solutions provider AIM Software, announced today that they have entered into a strategic alliance to provide price, static and corporate actions data from EDI via AIM Software's reference data management platform GAIN.

Financial institutions need accurate, consistent and complete reference data so they can increase efficiency through straight-through processing and shorten the settlement cycle. They also must have quick access to corporate actions announcements that can affect securities holdings. To this end, EDI and AIM Software agreed on collaborating to facilitate the integration of EDI's financial markets' data and to centralise the data management process within financial institutions.

AIM Software's modular and scalable platform GAIN offers clients a wide range of functions for the automatic processing of data, and EDI provides premium securities information. The combined offering helps financial institutions minimise the costs and risks associated with back office processes and improve operational efficiencies.

"AIM Software's state-of-the-art data management platform combined with the quality of the EDI financial market data offers clients a truly scalable solution for managing reference, pricing and corporate actions data across all asset classes. Pre-built interfaces to multiple databases facilitate a consolidated best of breed choice for our clients," said Jonathan Bloch, Managing Director of EDI.

"This strategic alliance with EDI means another step forward for AIM's global strategy to offer total reference data management solutions to the international financial industry," added Josef Sommeregger, head of Business Development of AIM Software. "The expertise and know-how of both companies will help companies reduce overall costs by increasing the reliability and the efficiency of their data processing. We are looking forward to support clients in integrating EDI's high-quality data."

About Exchange Data International
Established in 1994, Exchange Data International is the premier provider of quality and accurate international securities administration reference data. The company provides back office solutions and securities data to most of the major brokerage houses, custodians, and data vendors internationally. In the decade since it was founded, EDI has garnered a worldwide reputation for high quality and accuracy of its international securities administration data. EDI has won acclaim for its innovations and rapid deployment of state-of-the-art technologies. This has allowed the company to expand both its product range and its geographic coverage, while retaining its original advantages as a lean company with low overheads that listens to its clients and responds to their needs and concerns in a flexible, innovative and cost-effective manner. EDI is a wholly owned subsidiary of Information Publishing Plc. For more information, visit http://www.exchange-data.com.

About AIM Software
Established in 1998, AIM Software (Advanced Information Management Software) is one of the leading providers of reference data management and risk management solutions for financial markets with offices in Switzerland, France, the USA, Hong Kong and Japan and services more than 90 clients worldwide. AIM Software operates on an international scale and services the major financial centres based on its worldwide service and support partner network. Supported by the company's expertise in the areas of reference data management, risk management and financial instrument pricing, the creation of leading edge software in these areas is the cornerstone of AIM Software's business. For more information, visit http://www.aim-sw.com.

For further information please contact:

For Exchange Data International
Jennifer Massing
MassingPR, LLC for EDI
Tel: +1 917 293 2405
jenm@massingpr.com

For AIM Software
Gerlinde Pachinger
PR & Communications
Tel: +43 1 5124652-228
pr@aim-sw.com

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