Teknometry, the on-demand performance analysis software provider for asset managers, announced that it has won the Best Cloud Migration Project category at the UK Cloud Awards 2014 for its deployment at Royal London Asset Management (RLAM).

The inaugural awards (run by Cloud Industry Forum, Cloud Pro and techUK), were presented on 26 February, the first day of Cloud Expo, before 250 guests at London’s City Hall. http://bit.ly/1nbseSY

Teknometry’s managing director Mick Brant received the trophy from keynote speaker; sponsor Outsourcery’s joint-CEO and BBC ‘dragon’, Piers Linney. Brant said: “We are delighted to have received this accolade. It bears testimony to our innovative approach, the foresight of Royal London Asset Management in seeing the benefits of a cloud solution and, as an early adopter, the faith they had in us.”

This success follows Teknometry receiving a Special Commendation at the Funds Europe Awards in November 2013, in the ‘European Operations & Technology Providers of the Year – Middle Office’ category.

The UK Cloud award sought to recognise a project that best exemplified the benefits that can be gained from migration to a cloud service from a traditional delivery model, showing best practice in how to mitigate data and service loss and demonstrating material value from the successful delivery of the project. Royal London Asset Management went live in April 2013.

“Teknometry offers an innovative product with a unique proposition and we congratulate the team on winning this award,” said Rakesh Kumar, RLAM’s Head of Fund Operations and Performance Measurement. “Teknometry was able to integrate existing data and workflows in a very short timeframe, with very little procedural change. This made migration relatively pain-free. The system went live seamlessly at quarter end and met or exceeded all of our reporting deadlines. This really was the acid test.”