Room Zero, the provider of specialist software to the asset management industry, has signed a five-year deal with Jupiter Asset Management to consolidate assets under management and flow information into a single dataset.

Assets under management and flow data are typically managed separately by multiple teams in an asset management business. Room Zero’s cloud-based software eliminates duplication of effort and silos, allowing multiple departments across a single firm to work and process common information.

Richard Warrington, co-founder at Room Zero, said:  

“We have consolidated over 30 databases into one. Jupiter is now handling data feeds covering mutual funds, hedge funds and segregated accounts on our software. As a result of the work with Jupiter, our software now accommodates sophisticated retail clients, as well as institutional asset managers. It’s great to work with industry innovators like Jupiter.”

Maximilian Guenzl, Co-Head of the Client Group at Jupiter Asset Management, said:

“We recognize that technology is a crucial and differentiating factor in an asset manager’s ability to deliver a seamless and high-quality experience for clients. This is particularly important as the needs of wholesale and institutional clients converge. As we continue to develop our business to better serve our clients’ evolving needs, we welcome Room Zero as a partner.”