Teknometry, the on-demand performance analysis software provider for asset managers’ middle office, announces today that it has received a Special Commendation at the Funds Europe Awards 2013 for its performance and attribution platform. The commendation, within the category ‘European Operations & Technology Providers of the Year – Middle Office’, was received at the Tower of London on 28 November. http://bit.ly/1clJ11E

After more than two years in development, Teknometry’s software was launched to market in the second quarter of 2013. This followed contracts being signed with two prestigious institutions, Royal London Asset Management (RLAM) and Brewin Dolphin, both of which went live in April 2013.

Teknometry’s managing director Mick Brant said: “We are thrilled to have received this Special Commendation. It bears testimony to the innovative approach we have taken and the faith that our clients have had in us. We have, in effect, been voted the most innovative performance and attribution system provider by one of the UK’s most respected asset management periodicals.”

Teknometry employs unique resource scheduling technology that scales dynamically as clients sign on to their own secure realm. The ‘Pay As You Grow’ pricing model is based on volumes and the services used, rather than a traditional software licence model, making the service attractive to a broader range of investment organisations.

Rakesh Kumar, RLAM’s Head of Fund Operations and Performance Measurement: “Teknometry offers an innovative product with a unique proposition and we congratulate the team on their Special Commendation. RLAM was an early adopter and this award helps to validate our decision to select Teknometry as our provider.”