PR87001

LONDON, NEW YORK and SINGAPORE, Dec. 3, 2020 /PRNewswire=KYODO JBN/ --

New name Reflects Company's Evolution to an integrated Financial Data

Management and Analytics Cloud Services Business

Today, Asset Control announces it has rebranded as Alveo to reflect the

significant change that has happened within the business since moving to new

ownership over two years ago. During this time the Company has focused on new

product innovation, upgrading its core software to be cloud native, moved to a

managed services deployment model and leveraged cloud technologies to

accelerate implementation timelines.

Mark Hepsworth, CEO, said: "By changing our name we want to signal how much the

Company has changed in recent years. As well as the move to cloud, one of the

main trends we address is business user self-service and this has been central

to our product roadmap. Business users want to move away from relying on IT

teams to acquire and manipulate data and need to be self-sufficient.  Data is a

huge and increasing part of their job and users require data accessibility,

insight and control to improve productivity. We have also focused on closing

the gap between data management to prepare high-quality data and creating

analytics. To bridge these two capabilities we provide out of the box analytics

and an open-source based processing environment that facilitates users creating

their own analytics."

Alveo's integrated managed service solution for data mastering and data

analytics has recently been implemented by a range of new customers including

asset managers, banks and global clearing and trading platforms.

Hepsworth adds: "Nowadays our solutions are used by clients across the

financial services industry including asset managers, insurance companies,

banks and different types of market infrastructure firms. Common themes we

address include business user self-service, ensuring high quality data and data

cost optimization.  Our deep domain experience within the Company combined with

our focus on using new technologies and delivery models, will, I believe,

enable Alveo to continue to grow as a market leader in financial data

management and analytics."

Alveo is the leader in market data integration and analytics solutions for financial

services. Focused on optimizing data flows for business user self-service, we provide

cloud-native data aggregation and data quality management that enables clients to

easily access trusted data while maximizing their data ROI.

www.alveotech.com

SOURCE:  Asset Control