SHANGHAI--(BUSINESS WIRE)--RIMES Technologies, the leading provider of benchmark data services and recent winner of the Inside Reference Data Award for Best EDM Initiative has announced today that it has opened a new office in Shanghai, China's technological gateway and one of the largest commercial, financial, industrial and communications centers in the world. The move significantly strengthens RIMES’ global support function, and represents a natural development of its worldwide expansion strategy.

Doug Garrity, Senior Partner at RIMES commented: “The People’s Republic of China is a key strategic market for RIMES, so it was time to have a local, physical presence. As our clients’ operations expand, so do their data management and support requirements. Additionally, in recent months there has been considerable interest from China-domiciled institutions, which we intend to pursue. We look forward to expanding further into the region in the future.”

The new office is located in the Standard Chartered Tower in Lujiazui—Shanghai’s financial centre—across the street from the landmark Jin Mao and Shanghai World Financial Center buildings. It will be staffed by a local team who underwent extensive training at RIMES’ headquarters in New York. They will join the RIMES 24/7 Global Support Team which already serves clients from New York, Toronto, Seattle, Sydney, Nicosia and London.

About RIMES
RIMES, the award-winning provider of data management solutions, delivers the world’s premier sources of financial information to investment managers, pension funds, custodians, investment banks and corporates. In 1996 RIMES pioneered the delivery of one of the first cloud-hosted, highly-customized data services which now feeds many applications. The mid and back office can outsource their entire index data workflow using the RIMES Benchmark Data Service, which improves the quality, speed and reliability of managing multiple indices; the front office can access 300 plus databases covering all asset classes with one single, intuitive interface, the RIMES Desktop; and to meet their specific requirements, performance professionals can carry out multi-class, transaction based attribution with Barra Performance on RIMES, which combines the market leading analytics from MSCI with RIMES’ data quality and delivery. Operating on the principles of quality, speed, cost-effectiveness and reliability, RIMES continues to drive change through product and service innovation. www.rimes.com