Buy-Side Technology Awards 2015: Best Overall Buy-Side Technology Provider for 2015—RIMES Technologies

They say that good things come to those who wait, and RIMES Technologies, recipient of this year’s best overall buy-side technology provider category, has waited patiently in the wings for its time to come. The list of past winner is a veritable who’s who of the third-party technology vendor community serving the buy side. Advent Software, now part of the SS&C stable, won the inaugural award back in 2007. Since then, Linedata (2008), SunGard (2010), Charles River Development (2011), Markit (2012), and Eagle Investment Systems (2013) have been in the winners’ circle, while Fidessa and Algorithmics shared the award in 2009. Last year, Eze Software Group joined that illustrious group, while this year is all about RIMES Technologies, with its astonishing track record in the best data provider category to the buy side—RIMES remains the only recipient of this increasingly difficult-to-win category since it was first included in the BST Awards line-up all the back in 2007. That’s nine wins on the bounce.

Any technology vendor worth its salt has an eye on the future, seeking to identify challenges facing its clients and developing services specifically to address those challenges. In this respect, RIMES appears well ahead of the game: For a while now, buy-side firms have struggled to calculate the potential return on investment (ROI) of using a managed data service as opposed to managing their data in-house. RIMES recently approached Forrester Consulting to conduct a total economic impact (TEI) study on the RIMES Managed Data Services (MDS), resulting in a TEI study that is delivered with a calculator designed to assist buy-side firms evaluate the potential financial impact that the MDS might have on their organizations. According to RIMES, the calculator is already in use with a number of prospective clients and the projected benefits (ROI, payback and net-present value) of using the MDS are “outstanding.”

Can RIMES make it a perfect 10 come the first Friday of November next year? History suggests that that outcome is a mere formality, although the folks at RIMES won’t be counting their chickens. Still, only a fool would bet against it. 

Any technology vendor worth its salt has an eye on the future, seeking to identify challenges facing its clients and developing services specifically to address those challenges. In this respect, RIMES appears well ahead of the game.