Indata, a provider of enterprise software and ASP solutions for investment-management firms, announced the release of InContact, a Web-based product designed to meet the front-office needs of money-management firms. A new part of Indata's I.M.S. for Windows suite of products, InContact is a real-time, fully integrated, Web-based front office solution designed for buy-side firms. As a modular solution, InContact provides:Web-based CRM (customer-relationship management) functionality, "client-centric" portfolio management, trade-order management, online-client statements and performance measurement and is a Web-based solution built on Microsoft SQL Server 2000.
Spectra Securities Software Inc., a provider of wealth-management-software solutions, announced that the National Bank Correspondent Network has rolled out the Web-based version of Spectra Portfolio to its host of client firms in Canada. The Correspondent Network of National Bank and another major financial institution upgraded from the Windows-based version of Spectra Portfolio to Web-based. The Web-based version of Spectra Portfolio provides the same contact and portfolio management offered by the Windows-based version but is offered to correspondent-broker-network firms via a secure Internet link.
Investment Technology Group, Inc., a provider of technology-based, equity-trading services, announced that for the fourth quarter ended December 31, 2001, revenues increased 31 percent over fourth quarter 2000 levels to $100.0 million, net income increased 57 percent to $22.8 million and diluted earnings per share increased 48 percent to $0.46. For the year ended December 31, 2001, revenues increased 22 percent to $377.4 million, net income increased 24 percent to $78.9 million and diluted earnings per share were up 21 percent to $1.62 compared to $1.34 in 2000.