Lux IT firm wins Mauritian business

software_410Luxembourg software firm, Multifonds, has signed up a fund services provider based in Mauritius that administers funds for clients including BlackRock, Invesco Powershares and New York Life.

International Financial Services has implemented the Multifonds Fund Accounting platform and has begun to migrate client products to it.

The project took six months to implement from start to finish, and was supported by a small on-site team from Multifonds. The migration is expected to complete by the end of March 2012.

Multifonds’ back-office solution is used by institutions around the world with assets totalling over $3 trillion (€2.28 trillion).

©2012 funds europe