Mizuho Expands Relationship With Linedata Services
May 07 2008 - 12:35PM
Business Wire
Linedata Services (LIN.FP), today announced that Mizuho Trust &
Banking (8404.JP), has added the scalable MShare transfer agency
system at its US headquarters in New York City. MShare is the third
tool that Mizuho has added from Linedata Services� Accounting and
Investor Services suite, adding to MPartner, a robust, yet easy to
use partnership accounting solution, and MFact, a global fund
accounting solution. Mizuho Trust has had a relationship with
Linedata Services� products for almost a decade. The current
implementation of MShare is significant because, in conjunction
with MPartner, it gives Mizuho Trust the ability to use the only
completely integrated transfer agency and partnership accounting
solution in the marketplace. �We are excited to be building on our
existing relationship with Mizuho as it expands its business in the
alternative investment market,� said Peter Muldoon, Executive Vice
President at Linedata Services, Hackensack. �The integrated MShare
and MPartner solution will have a lot of value for Mizuho, saving
the firm time and money, and reducing risk, as it continues to deal
with complex fund structures, both onshore and offshore.� With
MPartner and MShare, Linedata Services has the only integrated
platform that provides a comprehensive accounting and shareholder
services solution for complex fund structures from a single vendor.
Having a single point of entry is a big plus for clients, since it
eliminates the time consuming, precarious, manual process of
extracting and posting data across different systems. �As Mizuho
expands its business into alternative investments, it is important
for us to have an integrated solution from a single vendor,� said
George Ziemer, Senior Vice President at Mizuho. �We have had a
great partnership with Linedata, which has the only fully
integrated accounting and record-keeping solution for the
alternatives market. So, in a sense, Linedata was not just the only
firm for the job, but it was also our first choice.� Notes to
Editors About Linedata Services Linedata Services (Bloomberg:
LIN:FP) is the�global leader for investment software, solutions,
and support. Linedata combines technological innovation, financial
strength, and a deep understanding of�the Asset Management, Leasing
& Credit Finance, and Insurance & Savings industries.
Linedata Services� asset management division provides
comprehensive, scalable solutions to the buy-side,�to manage the
entire investment process from pre-trade to post-settlement.
Linedata is unique�in offering a full front- to back-office
solution via enterprise installation, or as an Application Service
Provider (�software as services� or �service bureau� delivery), and
has 20 years experience delivering ASP solutions. Headquartered in
France, 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
corporate site at www.linedata.com. About Mizuho Trust and Bank
Mizuho Trust & Banking Co., Ltd. is the trust banking arm of
Mizuho Financial Group, the second-biggest Japanese financial
services company. The bank's headquarters are in Yaesu, Ch??,
Tokyo. About MShare MShare is a completely scalable transfer agency
system designed to support the needs of domestic mutual fund
operations, as well as the specialized requirements of offshore
markets, including equalization. Designed to meet high volumes of
retail fund complexes and institutional funds� complex reporting
needs, MShare provides an intuitive, rules-based processing and
inquiry system designed to respond to the industry�s most demanding
service environments. MShare is completely scalable, employs the
most recent advances in client/server technology and can support a
wide range of transfer agency operations. With its open
architecture, it can interface with a variety of third party
reporting and data analysis tools. About MPartner MPartner is a
powerful accounting solution for investment partnerships and hedge
funds that also automates capital activity and income allocations
for complex multi-level fund structures such as funds of funds and
master-feeders. MPartner provides book accounting, handles the tax
and regulatory issues specific to cross-fund investments and
simplifies tax accounting for hedge funds. About MFact MFact is a
complete fund accounting solution that improves productivity by
providing complete portfolio and financial accounting, NAV
calculation, regulatory compliance and reporting in a single
package. MFact is particularly well-suited to funds that invest in
complex securities and multiple currencies. For those organizations
that act as advisor to their own funds, MFact provides information
to support and control the investment process.
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