The company is an existing Rimes client for benchmark data services, and the decision to extend the relationship to include the Matrix investment management platform is an important step forward, underpinning Redwheel’s commitment to establishing a robust investment data intelligence function and systematic data management foundation.

Within the scope of this expanded partnership, Rimes addresses their core requirements, which include deploying an extensible and structured data management and reporting process. This transformative initiative will empower Redwheel with greater investment data intelligence, an enhanced data model, and a refined data management structure. A vital program component was removing legacy data warehouse technology to provide a modernized and efficient data infrastructure.

Nigel Hill, Chief Operating Officer at Redwheel, said, "Expanding our relationship with Rimes is a critical step in our strategic program to transform our technology landscape. It underscores our commitment to innovation and delivering value to our clients. By integrating the Rimes Matrix investment management platform with their benchmark data service, we have equipped ourselves with the tools and capabilities to gain significant competitive advantage through data-driven insights, enabling the firm to thrive in an increasingly competitive marketplace."

Stuart Plane, Head of Enterprise Solutions at Rimes, concluded. "Our goal is to provide our clients with a modern front-to-back solution that delivers operational efficiencies, reduces costs, elevates data quality and inherent flexibility to support future business growth. The extension of our existing collaboration with Redwheel is a perfect example of a trusted partnership in action, and we are grateful for their continuing confidence in our ability to deliver long-term value to their business."