The Boston asset management
firm calls Ridgeline "an awakening" that will give them a
competitive advantage.
INCLINE
VILLAGE, Nev., May 1, 2024
/PRNewswire-PRWeb/ -- Ridgeline announced today that Boston, Massachusetts-based Reynders, McVeigh
Capital Management has made the transition to its front-to-back
investment management cloud platform.
"It was very easy for us to see that
Ridgeline is exactly the type of technology that can get us to the
next level and help us compete." - Chat Reynders, Chairman and
Chief Executive Officer
Founded in 2005, the impact investing firm recognized that their
"old and clunky" tech was incongruent with the progress they saw
happening in other industries. "To differentiate and compete, you
really have to pay attention to technology. It was becoming clear
to me that our tech wasn't going to get us where we needed to go,"
says CEO Chat Reynders.
After years of evaluating other systems, Ridgeline was a breath
of fresh air. "Ridgeline is a solution that we had just not seen
before. The straightforward concept that you bring all of your data
onto a single ledger is so powerful. It allows us to control risk
better; you can't underestimate that."
Ridgeline is the first cloud-native, enterprise solution for
investment management, built with best-in-class security and
high-availability from the start. Core functions like portfolio
accounting, trade order management, reporting, and compliance are
brought together with a single set of real-time data on an
intuitive platform. Many customers are replacing up to 9 disparate
software packages and a multitude of integrations by transitioning
from previous solutions.
Ridgeline's innovative approach appealed to the
progress-oriented firm. RMCM will be able to augment their
experience with the Ridgeline Assistant, a generative AI-powered
functionality that provides users with real-time support and
streamlined processes. "We are seeing AI and a productivity and
efficiency boom across many industries. Ridgeline feels like the
most important resource for Reynders, McVeigh to also ride this
wave," says Maria Egan, Vice
President & Director of Shareholder Engagement.
Following an introduction at Ridgeline's Base Camp conference,
RMCM chose Empaxis, known for its expertise in legacy technology
and cutting-edge platforms like Ridgeline, to ensure a seamless
transition. Empaxis's experience proactively addressed potential
challenges, ensuring operational continuity and minimizing
disruption during the migration.
"We always have a long-term view — just like with our
investments. We think what has real value is a relationship that
you build with a true partner. With Ridgeline, we're finding that
partnership and it's driving us forward," says Reynders.
Ridgeline co-CEO Dave Blair
notes, "Chat and the team at Reynders, McVeigh are true leaders in
impact investing; Ridgeline is proud to be their technology of
choice, and we look forward to helping them and their clients
achieve their goals for years to come."
About Ridgeline
Ridgeline is the industry cloud platform for investment
management. It was founded by visionary entrepreneur Dave Duffield (co-founder of both PeopleSoft and
Workday) to address the unique technology challenges of an industry
in need of new thinking. We are building a modern cloud-native
platform, purpose-built for the investment management industry to
empower businesses like never before. With a growing campus in
Reno and offices in New York, Lake
Tahoe, and the Bay Area, Ridgeline is proud to have built a
fast-growing, people-first company that has been recognized by Fast
Company as a "Best Workplace for Innovators," by Frost &
Sullivan as a "Technology Innovation Leader," and by The Software
Report as a "Top 100 Software Company."
Media Contact
Christine Switzer, Ridgeline, 1
(775) 209-7620, christine.switzer@ridgelineapps.com,
http://ridgelineapps.com
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SOURCE Ridgeline