Contango selected Eagle in 2004 to help centralize and manage its data to improve its management reporting capabilities. In 2008, Contango analyzed its internal systems in search of areas where costs could be reduced. As a result, the firm elected to move its middle and back-office applications to a hosted service. Contango will continue to leverage the same technology and functionality to manage and report its assets, with the added benefit of a service that will manage its technology, including upgrades, systems support and ownership of hardware and databases.
"Today, investment firms are seeking ways to cut budgets and reduce costs quickly. The efficiency and cost savings opportunities associated with Eagle ACCESS led to Contango's decision to transition to this service," said
Eagle's hosted service, Eagle ACCESS, provides investment managers of all sizes with solutions for data management, investment accounting and performance measurement and attribution, combined with competitive pricing and a high level of service.
"We're seeing a shift in our industry where investment managers are demanding functionality, scalability and 24x7 access in a hosted environment to eliminate the time and money spent on managing systems," said
Contango Capital Advisors, Inc. (http://www.contangoadvisors.com), the wealth management arm of Zions Bancorporation, offers an innovative approach to managing assets. It focuses on individuals' real-life goals and uses sophisticated analytical techniques and risk-management tools to design clients' investment portfolios. Contango is an entrepreneurial organization backed by one of the nation's premier financial services companies.
Eagle Investment Systems LLC is a global provider of financial services technology, serving the world's leading financial institutions. Eagle's Web-based systems support the complex requirements of firms of any size including institutional investment managers, mutual funds, hedge funds, brokers, public funds, plan sponsors and insurance companies. Eagle is committed to providing enterprise-wide, leading-edge technology and professional services for investment accounting, data management, performance measurement and information delivery. Eagle's product suite is offered as an installed application or can be hosted via Eagle ACCESS(SM), Eagle's application service provider. To learn more about Eagle's solutions, contact sales@eagleinvsys.com or visit www.eagleinvsys.com.
BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialised asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing offers its products and services through The Bank of New York Mellon and other subsidiaries of The Bank of New York Mellon Corporation.
The Bank of New York Mellon Corporation (NYSE: BK) is a global financial services company focused on helping clients manage and service their financial assets, operating through its subsidiaries and affiliates in 34 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has
SOURCE Eagle Investment Systems LLC