BSL teams up with DST Clarke & Tilley
expansion. This week they are celebrating a double business coup.
The network consultancy, project management and system integration company that bills itself as Bermuda's foremost information technology consultancy has not only won government approval to offer the global Internet package to local subscribers, but has also won exclusive distributorship rights for DST Clarke & Tilley products in Bermuda, the Bahamas, and the Cayman Islands.
The multi-million dollar deal brings to Bermuda's asset management market the leading international supplier of software and services.
DST Clarke & Tilley has over 220 clients in 25 countries world-wide. They provide multi-currency/multi-asset investment management software solutions together with full complementary support and consultancy services.
With offices in the UK, the US, Australia and South Africa, the group added over 50 major new-name accounts to its client list last year. Clients include the Bermuda Commercial Bank, Global Asset Management, Barclay's Private Banking, Lazards and The Capital Group.
The global strategy of the company led to the teaming up with BSL to lead the charge in Bermuda's important and rapidly expanding financial marketplace.
BSL, a Digital distributor which just celebrated its tenth anniversary of business in Bermuda, has a staff of 40 professionals.
BSL's manager of financial business development, Mr. Jeff Kirby said, "I am delighted to announce this new partnership for the Bermudian finance marketplace. Clearly, there is a significant demand from organisations planning to automate their asset management systems and we believe that DST Clarke & Tilley are the most advanced providers of such products and have both the staff and the technical support required by our local business community.
"In the expanding financial marketplace, we are addressing the software solution market, bringing in packages and partnerships. We are hand-picking software applications from around the world, packages that are appropriate in the Bermudian marketplace,'' he said.
"System integration and project management is what the financial market is buying worldwide. There is now more emphasis on system integration than hardware.'' Clarke and Tilley's parent, DST Systems Inc. of Kansas City, is the largest provider of software services to the US mutual fund industry, processing 29 million accounts, over 2,000 mutual funds and with 1993 revenues of $342 million. DST was the first organisation to introduce image processing and intelligent workstations to eliminate the movement of paper and to automate the clerical environment in the mutual fund industry.
Group managing director of DST Clarke & Tilley, Mr. Mike Winn, in discussing the Bermuda deal said, "Our family of products -- Paladign, Impart/2, Uptix and the Global Portfolio System gives users a choice of hardware platforms: PC's, PC Networks, DEC Alpha open systems and mainframe environments are all supported.
"They are capable of providing software solutions to the most exacting of Bermudian financial institutions and we very much look forward to working and growing our presence here.''