Recently, RIMES, the global strategic data partner for asset managers, asset owners and service providers, announced its intention to acquire Matrix IDM, an Australia-based investment data management platform, for an undisclosed sum.

The acquisition will bring together superior managed data services and powerful analytics technology to help asset owners, institutional investors, asset managers and service providers solve complex data problems. Matrix Co-CEO Stuart Plane will join the RIMES Executive Committee, and together with co-founder Neil Lotter and RIMES Head of Managed Data Services (MDS) Shaun Mirams, will lead the combined MDS and Matrix IDM business segment.

About RIMES
RIMES is an award-winning data management specialist that truly understands the challenges faced by its clients. It supports over 350 asset managers, owners, servicers and banks in 45 countries including 60 of the 100 largest global asset managers by AUM and 9 of the top 10 asset servicers in the world. The company is headquartered in New York with 14 offices worldwide.

www.rimes.com
About Matrix IDM
Matrix IDM provides trusted investment data management software to the global asset owner and fund management community. Matrix IDM solves the most difficult data challenges facing the industry today. With over half a trillion of AUM now managed on the platform, a growing number of asset owners, pension plans, fund managers and insurance companies rely on Matrix IDM to solve their complex investment, exposure and data management challenges. Matrix IDM has offices in Sydney, London and New
York supporting a rapidly expanding, global customer base.