Mutual fund distributor, MFEX, signs up with Iver

MFEX, which operates under stringent security and regulatory compliance requirements, has chosen Iver as its new IT operating services provider. Iver’s packaged solution includes not only applications operations, and the associated systems and infrastructure, but also automated test environments, containers, and complex database solutions. MFEX – an independent expert in global fund distribution, rebate collection, and fund information provision used by banks and other fund distributors for straightforward and cost-effective global trading in mutual funds – needed a partner capable of supporting the company’s continued growth through IT operations and transformation services. 

“We’re growing very quickly and need a partner who can maintain a high tempo on multiple parallel projects without losing focus on availability and security,” says Daniel Nordstrand, Head of Infrastructure and Support, at MFEX.

Magnus Blom, Business Area Manager at Iver, notes that, “The agreement with MFEX shows the attractiveness of our offering – with its emphasis on availability, security and innovation – to banking and financial sector customers. We are focused on winning additional market shares in this segment, and thanks to customers such as MFEX, our expertise and industry know-how will continue to grow. And our talented and committed workforce ensures that we have the means to ensure that MFEX joins the ranks of Iver’s satisfied customers.”

For further information, please contact:
Magnus Blom, Business Area Manager, Iver, tel. +46 70 454 76 33, email: magnus.blom@iver.se
Jakob Tapper, Information, Iver, tel. +46 8 506 502 18 or +46 739 81 63 33, email: jakob.tapper@iver.se

About Iver
Iver develops and provides services in the field of IT operations, high security solutions, and application development for medium- and large-sized companies and organisations, and for the public sector. Iver is the personal approach pretender in the Nordic IT operations market. Iver’s registered office is in Stockholm and we operate in Sweden and Norway, but our agenda will see us continue to expand throughout the Nordic region while remaining, at all times, close to our clients. The company’s roots lie in the successful merger between Candidator and DGC. Under EQT’s ownership, we have grown stronger together and acquired Solid Park, Exeo and Ismotec, and IT Gården. Iver has a turnover of just over SEK 1.7 billion and approximately 1,000 employees. Find out more at iver.se.

About MFEX
MFEX, an independent expert in global fund distribution, offers complete fund distribution solutions. Banks and other fund distributors use MFEX for straightforward and cost-effective global trading in mutual funds, gaining access, via MFEX, to the world’s biggest range of funds, and trading with and receiving fund information from the over 920 fund management companies and 72,000 funds with which MFEX works. MFEX is independent, with full transparency between distributors and fund management companies. The MFEX head office is located in Stockholm, but the company also has offices in Paris, Geneva, Kuala Lumpur, London, Luxembourg, Madrid, Milan, Singapore and Umeå. 

This information was published on 3 September 2019, at 08.30 (CET).