Empaxis Data Management, a cloud-based fintech and middl-and back-office services provider for investment management firms, announced on Tuesday it has opened new office in Kolkata, India. Founded in 2004, Empaxis provides outsourcing, automation tools, and cloud-based fintech to investment firms worldwide. The company’s clients include wealth managers, asset managers, family officers, banks, and hedge funds.
“With over $100 billion in assets under administration, Empaxis customizes its services to fit a client’s unique requirements. Their most recent offering, a cloud-based turnkey asset management platform (TAMP1), provides a data warehouse and a one-stop place for advisors and clients to view all investment portfolio data, analytics, and reports.”
While sharing details about the new location, Empaxis Founder and CEO, Stephen Van de Wetering, stated:
“We’re really excited to have this new facility. It’s a testament to the work we have done for money managers, and expansion wouldn’t be possible if we weren’t doing something right. Our presence in India is fundamental to our operational success. In a large population center like Kolkata, we have access to that much more talent. That talent will enable us to further carry out our mission and serve the investment community at the highest level.”
Empaxis’s growth has also led to new hires on the US side, including David Stevens, who serves as Project and Client Relationship Manager