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November 30, 2005

Odyssey acquires Reuters Portfolio Management System

Odyssey Asset Management System is set to acquire the Reuters Portfolio Management System (RPMS) in a move that combines the expertise of two main market players and effectively strengthens Odyssey's presence in the German wealth management market.

By CBR Staff Writer

Odyssey, global provider of investment management solutions, acquires an advanced portfolio management system featuring decision support, report-generation, customer management, and order entry capability, alongside its existing customer base.

Consolidation of the management systems presents RPMS customers with a whole new range of capabilities beyond portfolio management functions, including stronger workflow integration, customer relationship management, reference data management, and reporting.

Michel Jongen, Odyssey’s general manager of western Europe said, The combination of Odyssey’s product range, the industry knowledge of the RPMS staff and the Reuters PMS foot-print creates a new powerhouse for wealth management solutions in Germany, which will serve RPMS customers well.

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