The company said the platform had been selected by major Middle Eastern financial institutions, including banks, for its comprehensive coverage of fund, asset and wealth management as well as family office operations.
“IMSplus has been selected and is being implemented in a large investment bank and specialised fund manager in the UAE, in an asset management firm – part of a well-known bank – in Qatar, in a joint stock investment company in Saudi Arabia, in an investment bank in the UAE, as well as other financial services firms in Bahrain and the UAE.” Profile Software said in a statement.
The company said that to support this expanding client base, it had established a center of excellence and support for the Middle East region and continued to staff its offices with expert professionals in the financial services and in the IT sector.
“The company is realising its business plan and moving to new offices that will efficiently accommodate the expanding regional needs with more employees in the area who are being headed by an experienced management team,” it said.
“Local efforts will be further enhanced with marketing actions via the participation in regional and specialised events that would highlight the company’s range of solutions and recognised platforms.”