IT Value tool guides 35 firms in 2007, representing total assets
under management in excess of $8 trillion.
Los Angeles, New York & Boston – May 28, 2008: InvestTech Systems Consulting, Inc., the leading IT and operations consultants for institutional investors today released year-end results of their IT Value Survey service. The Investit IT Value Survey is the leading review and analysis of the value of investment in IT in the asset management industry. In 2007, the number of firms participating grew by 25% to thirty-five firms representing over $8 trillion in assets under management Participants are among the leading fund managers in the industry.
The IT Value Survey service is designed to provide an accurate and efficient analysis of operations and allocation of IT dollars. It examines the level of business satisfaction as measured against the IT systems and services delivered, looking for trends in IT spending and management. This valuable tool works by gathering key quantitative and qualitative data on how a business is operating and the scale and distribution of what it spends on IT. From the information gathered, the survey provides critical analyses on the performance of a firm’s IT function compared with competitors and peer group firms.
Jeremy Hurwitz, InvestTech Principal and Co-Founder, explained “We have partnered with Investit, the leading research services firm for the investment management industry, to deliver the IT Value Survey to clients in the US. This has placed InvestTech in a leadership position within the investment management technology industry, offering clients the ability to benchmark the value of their IT against their competitors.” The IT Value Survey is the leading review and analysis of the value of IT investment in the asset management industry.
This uniquely-designed study of the inner workings of a firm’s IT Operations begins by collecting key quantitative and qualitative data on how a business is operating and the scale and distribution of its IT spend. From the information gathered, the survey provides critical analyses on the performance of a firm’s IT function compared with their competitors. This includes peer group comparisons, detailed IT spending, and business satisfaction with IT. Using the client’s responses to key financial and technology questions, a series of qualitative and quantitative analyses are presented, exploring IT budgetary influences, taking into consideration firm size, governance, key functional development areas and outsourcing.
Mr. Hurwitz commented about the Survey, stating “This is a significant leap in the study of IT value. Clients come to us at a crucial crossroad, not sure which direction to take. Offering firms the ability to make important technology decisions based on facts and real data from within their own operations is of immeasurable value. The IT Value Survey is distinctively designed to provide clarity where previously there may have been confusion”.
About Investit
Investit was founded in 1998 to provide consultancy services to the investment management industry. Investit offers five core expertise areas: investments, client management, performance and risk, operations and technology. In 2002, Investit People was added to provide specialist recruitment services to support project work. Investit Intelligence completes the offering with a range of specialist surveys and detailed research papers.
About InvestTech
InvestTech Systems Consulting, Inc. provides IT and investment operations consultative services for institutional investors worldwide. Founded in 1993, InvestTech provides specialized expertise in the selection and implementation of technology solutions for securities trading, portfolio management, performance measurement and attribution, securities accounting and all other facets of the investment information process. InvestTech’s client base includes large buy-side global institutions such as mutual funds, investment advisors, insurance companies, non-profit organizations and financial institutions. Based in Los Angeles, CA, InvestTech has offices and consultants in Australia, Atlanta, Boston, Chicago, Houston, London, New York, San Francisco and Toronto. For more information, visit www.investtechsystems.com.
Press Contact: Melissa Dowley +1 508 528 5963, dowley@investtechsystems.com