Linedata Services (Linedata), a provider financial-services technology, has announced the completion of a project to integrate MShare, the firm’s transfer agency and MPartner, its accounting service, into one system. The integrated platform provides an accounting and record-keeping solution for fund structures within both the onshore and offshore alternative markets, says the firm.
Currently the system is licensed by eight Linedata clients. Over 20,000 accounts, 650 funds and $80 billion in assets under management are administered on the system.
"Linedata is committed to providing solutions to meet both client and industry needs," says Peter Muldoon, executive vice president, Linedata Services. "By providing one solution, the integrated MShare / MPartner platform gives fund administrators the tools they need to increase their productivity by consolidating their back- office systems and vendor relationships," he continues.