Room Zero, a company specializing in software for the asset management industry, has inked a five-year agreement with Jupiter Asset Management. The goal is to bring together all the information about the assets they manage and the flow of investments into one unified system.
Room Zero Solution
Typically, in asset management, data about the money they handle and how it’s moving is handled by different teams and kept in separate places. Room Zero’s cloud-based software solves this problem by doing away with duplicate work and the separation of information. Now, different parts of the same company can easily collaborate and work with the same data, making everyone’s job easier.
Richard Warrington, co-founder at Room Zero, said:
“We have consolidated over 30 databases into one. Jupiter is now handling data feeds covering mutual funds, hedge funds and segregated accounts on our software. As a result of the work with Jupiter, our software now accommodates sophisticated retail clients, as well as institutional asset managers. It’s great to work with industry innovators like Jupiter.”
Maximilian Guenzl, Co-Head of the Client Group at Jupiter Asset Management, said:
“We recognize that technology is a crucial and differentiating factor in an asset manager’s ability to deliver a seamless and high-quality experience for clients. This is particularly important as the needs of wholesale and institutional clients converge. As we continue to develop our business to better serve our clients’ evolving needs, we welcome Room Zero as a partner.”
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