Integrated Decision Systems Secures First Institutional Investment of $8.5 Million From Shelter Capital Partners and FTVentures
LOS ANGELES, CA – Integrated Decision Systems (IDS), a leading global provider of software for investment management firms, announced that it has received an $8.5 million investment from Shelter Capital Partners and FTVentures.
IDS offers a suite of software used by investment management companies to automate their business processes, including portfolio accounting, trading order management, and performance reporting and analytics. IDS has licensed its software to over 50 blue chip companies, including AG Edwards, American Express, Bank of America, Bank of New York, Deutsche Bank, Fidelity, Fleet, Morgan Keegan, PaineWebber, Stein Roe, and UBS.
Global Investment Manager 2000, the company’s flagship portfolio management system, has been in production since 1991 and features a scalable, open architecture platform with robust, AIMR/GIPS compliant performance reporting capabilities supporting multi-currency and multi-product offerings.
“We are extremely pleased about our new partnership with FTVentures and Shelter Capital Partners,” said Jerald Jackrel, CEO of IDS. “The substantial capital infusion that we have received will enable IDS to expand its leadership team, advance its position in the market and accelerate the introduction of the ASP version of our products, for which we have seen significant market demand,” said Mr. Jackrel.
“IDS has proven capabilities in portfolio management and is well-positioned to help fuel growth in the managed accounts industry by providing technological and operational solutions for its clients. The IDS products are extremely attractive to many of our limited partners,” said Bob Barrett, partner at FTVentures.
“We are enthusiastic about IDS’ prospects given the superiority of its products. The company is a perfect fit with our philosophy of investing in leading-edge technology companies within rapidly growing markets that can draw upon our extensive network of relationships to achieve success,” said Joe Page, senior principal of Shelter Capital Partners.
“We are leveraging the extensive relationship networks and market intelligence that both Shelter and FTVentures bring to IDS to increase sales, create and grow strategic partnerships, and increase our overall value,” said Mr. Jackrel.
Shelter Capital Partners’ senior principal, Joe Page, and FTVentures’ partner, Bob Barrett, have joined IDS’ Board of Directors.
Integrated Decision Systems (www.idsnet.com) is an industry leader in providing enterprise portfolio management solutions to customers in the financial services industry that manage over $4 trillion in assets on our systems. Since 1981, the Company’s exclusive focus has been on creating highly scalable, open architecture solutions that provide encyclopedic functionality combined with efficient systems support for a dynamic and diverse marketplace. IDS designs, develops and supports a modular product suite that includes: Global Investment Manager 2000, GIM2000 Prime Brokerage, GIM2000 Wrap and the leading AMIR/GIPS compliant performance systems GIM2000 Performance and CALiPER2000.
IDS products are in production at many of the world’s leading banks, brokerage firms, mutual funds, investment management firms, SMA sponsors and securities lending firms. The Company is headquartered in Los Angeles with offices in New York and London and sales and support resources in San Francisco, St. Louis and Tampa.
About Shelter Capital Partners
Los Angeles-based Shelter Capital Partners (www.sheltercap.com) is a leading technology investment firm that invests in businesses at all stages of development, with a focus on high value-add investing in companies that have the potential to become industry leaders. Areas of investment focus include enterprise application software, wireless and other communication technologies, and semiconductors.
Shelter Capital Partners’ Press Contact: Joe Page, Senior Principal, 310-234-2300.
Founded in 1998, FTVentures (www.ftventures.com) was the first venture capital firm in the U.S. to focus on technologies that benefit the global financial services industry. FTVentures now has over $623 million in total capital under management and is a leading investor in information technologies. FTVentures invests primarily in private companies developing products and services in software and payment & business services, with a particular emphasis on companies that enable financial institutions worldwide to expand and to operate more efficiently.
FTVentures’ investors are 38 of the world’s leading financial institutions and include AIG, Bank of America, BNP Paribas, Charles Schwab, Citigroup, Credit Suisse Group, Deutsche Bank, DBS Bank, GE Capital, HSBC Holdings, Key Principal Partners, National City, Skandinaviska Enskilda Banken (SEB), Standard Chartered Bank, US Bancorp and Wells Fargo.
FTVentures-backed companies include 7-24 Solutions, Financial Engines, Corillian, Managed Objects, Banter, Vernier Networks, Verus Financial Management, Caplin Systems, Xign, CapitalStream, e-Security, E-LOAN, Synchrologic, ValuBond, ValiCert, and ClearCommerce.
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