The final category of the 31 on offer at this year’s awards, and the second to be announced at the November 7 awards luncheon in London, is that of the technology provider of the year. This category was decided by the four Waters journalists, and, like the preceding product of the year category, takes all 29 individual winners into consideration. As one would expect, the list of past winners is a veritable who’s who of the buy-side vendor community. Advent Software won the inaugural award back in 2007 and since then Linedata (2008), SunGard (2010), Charles River Development (2011), Markit (2012), and Eagle Investment Systems (2013) have been recipients, while Fidessa and Algorithmics shared the award in 2009. However, what has become something of a tradition over the years is that the recipient is not necessarily an individual category winner in the year that it wins this award, although there have been exceptions: Advent won the portfolio accounting and client reporting categories in 2007, while Markit pulled off a hat trick of wins in 2012, taking home the best pricing/valuations, data management, and transaction-cost analysis awards.
This year’s recipient, Eze Software Group, had what can only be described as an extraordinary year last year. Not only was it a hugely successful first 12 months in existence in terms of new clients across all its offerings after it was spun off from its parent, ConvergEx Group, at the end of the first quarter of 2013, but it also dominated the front-office categories at last year’s BST Awards with its Eze OMS and RealTick EMS winning the best order management system (OMS) and execution management system (EMS) categories, respectively. Then, six months later, Eze stepped up to the plate again, this time in the Waters Rankings, the results of which are determined exclusively by Waters readers, winning the same two categories, and, thanks to its recently acquired Tradar PMS platform, the Boston-based vendor took home the best reporting system provider category too. If anything, the change in ownership from ConvergEx to Fort Worth, Texas-based private equity group TGP Capital has done Eze a world of good.
At face value, Eze’s failure to win an individual category in this year’s BST Awards might appear disappointing, but the results only tells half the story: Eze entered four categories—OMS, EMS, integrated front-office, and portfolio accounting—and, thanks to its outstanding trio of offerings, featured prominently in each of those categories, illustrating its astonishing versatility across a number of the buy side’s most crucial functions.
Eze entered four categories—OMS, EMS, integrated front-office, and portfolio accounting—and, thanks to its outstanding trio of offerings, featured prominently in each of those categories, illustrating its astonishing versatility across a number of the buy side’s most crucial functions.
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