TPG Software Partners with THC to Extend Portfolio Accounting Analytics and Regulatory Reporting Offering
HOUSTON--(BUSINESS WIRE)-- TPG Software, the global provider of treasury, trading and settlement solutions and services, today announced a new partnership with Thomas Ho Engineering (THC), a global leader in financial risk management. The partnership enables TPG to offer a wider choice of automated risk and fixed income analytics solutions, helping it to meet the growing demands for regulatory and risk reporting.
TPG chose to partner with THC due to its comprehensive risk solution. Delivered through Software as a Service (SaaS), THC’s solution is designed for banks and covers interest rate stress tests and risk forecasts. TPG clients will benefit from the integration of THC’s technologies and TPG’s Portfolio Genius treasury solution, which will provide independent valuations, enhance compliance procedures, better manage P&L volatility, and reduce restatement risk more effectively.
Slavek Rotkiewicz, President and CTO of TPG Software, commented: “We pride ourselves in delivering the very best value solutions that match and exceed client requirements, whether developed internally or by partners. Working with THC means we can improve our offering to our clients and deliver solutions for a greater range of accounting, risk and regulatory reporting requirements. This unique product combination integrates economic value of bonds with accounting, using the same cashflow projections for both.”
THC's web-based products, which include the flagship THC Market Risk Solutions, can be rapidly deployed. More than 100 institutions currently use THC Market Risk, many of which are TPG clients. In addition to attracting existing clients to the TPG-THC solution, the two companies also expect to drive new business through their combined efforts.
"We are very proud to be working with TPG Software as its partner for risk and regulatory reporting and accounting. We have several mutual clients which use both TPG Software and THC technology, so we look forward to leveraging the integration," said THC CEO Tom Ho. "We are excited to work with the TPG Software team and developing needed solutions and a long-term partnership."
About TPG Software, Inc.
TPG Software is a leading software solutions provider for institutional investors including banks, thrifts, credit unions, REITs and broker/dealers throughout the US, Canada, and Puerto Rico. For more information, visit TPG's website at www.tpgsoftware.com.
About Thomas Ho Company, Ltd.
The Thomas Ho Company, Ltd., is a leading financial engineering company based in New York City. The company was founded by Thomas S.Y. Ho in 1999 and provides financial modeling and consulting services used by major global institutional clients including some of the largest banks.
CONTACT:
TPG Software, Inc.
Cory Sokoloski, 303.741.0325
Vice President, Sales
cory.sokoloski@tpgsoftware.com
or
Thomas Ho Company
Paul Hartnett, 201-681-0279 (Mobile)
Senior Vice President
paul.hartnett@thomasho.com
Fax: 212-608-1233
KEYWORDS: United States North America New York Texas
INDUSTRY KEYWORDS: Technology Internet Software Professional Services Accounting Banking Consulting Finance Insurance
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