Teknometry wins UK Cloud Award for Royal London Asset Management migration

Teknometry, the on-demand performance analysis software provider for asset managers, announces today that it has won the Best Cloud Migration Project category at the UK Cloud Awards 2014 for its deployment at Royal London Asset Management (RLAM).

The inaugural awards (run by Cloud Industry Forum, Cloud Pro and techUK), were presented on 26 February, the first day of Cloud Expo, before 250 guests at London’s City Hall.

Teknometry’s managing director Mick Brant received the trophy from keynote speaker; sponsor Outsourcery’s joint-CEO and BBC ‘dragon’, Piers Linney.

“We are delighted to have received this accolade. It bears testimony to our innovative approach, the foresight of Royal London Asset Management in seeing the benefits of a cloud solution and, as an early adopter, the faith they had in us.”

Mick Brant, Managing Director, Teknometry

This success follows Teknometry receiving a Special Commendation at the Funds Europe Awards in November 2013, in the ‘European Operations & Technology Providers of the Year – Middle Office’ category.

The UK Cloud award sought to recognise a project that best exemplified the benefits that can be gained from migration to a cloud service from a traditional delivery model, showing best practice in how to mitigate data and service loss and demonstrating material value from the successful delivery of the project. Royal London Asset Management went live in April 2013.

“Teknometry offers an innovative product with a unique proposition and we congratulate the team on winning this award. Teknometry was able to integrate existing data and workflows in a very short timeframe, with very little procedural change. This made migration relatively pain-free. The system went live seamlessly at quarter end and met or exceeded all of our reporting deadlines. This really was the acid test.”

Rakesh Kumar, RLAM’s Head of Fund Operations and Performance Measurement

Teknometry receives Special Commendation at Funds Europe awards

Teknometry, the on-demand performance analysis software provider for asset managers’ middle office, announces today that it has received a Special Commendation at the Funds Europe Awards 2013 for its performance and attribution platform. The commendation, within the category ‘European Operations & Technology Providers of the Year – Middle Office’, was received at the Tower of London on 28 November.

After more than two years in development, Teknometry’s software was launched to market in the second quarter of 2013. This followed contracts being signed with two prestigious institutions, Royal London Asset Management (RLAM) and Brewin Dolphin, both of which went live in April 2013.

“We are thrilled to have received this Special Commendation. It bears testimony to the innovative approach we have taken and the faith that our clients have had in us. We have, in effect, been voted the most innovative performance and attribution system provider by one of the UK’s most respected asset management periodicals.”

Mick Brant, Managing Director, Teknometry

Teknometry employs unique resource scheduling technology that scales dynamically as clients sign on to their own secure realm. The ‘Pay As You Grow’ pricing model is based on volumes and the services used, rather than a traditional software licence model, making the service attractive to a broader range of investment organisations.

“Teknometry offers an innovative product with a unique proposition and we congratulate the team on their Special Commendation. RLAM was an early adopter and this award helps to validate our decision to select Teknometry as our provider.”

Rakesh Kumar, RLAM’s Head of Fund Operations and Performance Measurement