Calero-MDSL, a leader in the high-growth technology expense management (TEM) software space, announced today that its board of directors has chosen the company’s existing President Scott Gilbert to lead Calero-MDSL going forward, and that former CEO Charles Layne has stepped down from his position. Calero and MDSL, two leaders in the TEM space, merged in January 2020 in a transaction led by investors Riverside Partners and Oak Hill Capital to create Calero-MDSL. Since the merger, Gilbert has been responsible for leading the integration of the two companies across all functional areas, in addition to driving change across its global operations, product and technology organizations.
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“Calero-MDSL is honored to be recognized in Gartner’s annual TEM Market Guide. We believe inclusion in this guide validates our leading position in the global TEM market, and our ability to simplify recurring technology expenses for the largest companies across the globe” said Charles Layne, Chief Executive Officer of Calero-MDSL. “With our deep experience and relentless pursuit of innovation, we continue to make it easy for our clients to manage their resources, save money and streamline their operations.”
Among Gartner’s findings in the Market Guide:
- Through the COVID-19 outbreak, and as organizations try to recover from the 2020 economic disruption caused by the global pandemic, enterprises are looking to cut hard costs, reducing like-for-like spend. Going forward, this will also add focus on softer cost savings for process improvements and keeping inventories up to date.1
- Enterprise communications and IT services continues to grow, driven by more video usage, cloud-based services, and the use of IoT services as these and other services fulﬁll an increasingly enabling role for enterprises on their journey toward digitization. Enterprises use TEM services to optimize and manage the cost for communications services. 1
Note: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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Calero-MDSL Appoints Brian Brady as Chief Financial Officer and Member of the Executive Management Team
Seasoned Financial Leader Strengthens Management Team and Reinforces Global Growth Strategy for Technology Expense Management Software and Services
Calero-MDSL, a global leader in technology expense management (TEM) and market data management, announced that it has hired Brian Brady as Chief Financial Officer. Brian joins an established executive team at Calero-MDSL focused on innovation and automation through software to simplify recurring-expense management for enterprise technology services. He will report to the Chief Executive Officer, Charles Layne.
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In today’s environment, where firms are required to do more with fewer resources while dealing with increasing complexity in commercial index data policies and licensing models, it is becoming more and more difficult to ensure that index data usage is being managed effectively and that the cost of index data is controlled.
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Leading Market Data Management Provider Strengthens Offering for Securities Firms to Manage Complex License Agreements
Calero-MDSL, a leading provider of Technology Expense Management (TEM) and Market Data Management (MDM) solutions, today announced a partnership with Jordan & Jordan, a prominent FinTech company providing market data, regulatory compliance and trading solutions across the securities industry, have partnered to provide a comprehensive Index License Management solution to the market. In combining Calero-MDSL’s award-winning Index License Manager (ILM) software with Jordan & Jordan’s best-in-class licensing services, the two companies now offer the most comprehensive Index Management solution in the industry.
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In 2020 the need to do more with less will continue to rise for those managing market data for their companies. Many financial institutions are looking for opportunities to introduce automation and integration to cut costs, while maintaining their service during transition.
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Three layers of regulatory compliance burden governments, businesses, financial institutions, and other organizations.
Internal Regulations – The information governance body within an organization creates authorized use policies (AUP) for their own employees to assure consistent and accountable use of information.
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“The world’s most valuable resource is no longer oil, but data.” An article in The Economist from 2017 first informed us that “data is the new oil.” A year earlier a post on the IBM Business Analytics blog suggested that “data is the new bacon,” adding, “It sizzles; it’s crispy; it’s essential to the complete buffet.”
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Calero-MDSL Recognized with Best Market Data Inventory Platform at the 2020 TradingTech Insight Europe Awards
Industry-leading provider receives award for its innovative approach to delivering a robust market data management platform
Calero-MDSL, a leading provider of Technology Expense Management (TEM) and Market Data Management (MDM) solutions, has been awarded Best Market Data Inventory Platform at the A-Team Group TradingTech Insight Awards – Europe 2020. The company received the honor during the award ceremony which took place in London on Tuesday, February 25th.
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Market data manager and market data provider automate data exchange to provide greater accuracy and increased automation for their clients
MDSL, a global leader in Market Data Management (“MDM”) and Technology Expense Management ("TEM") solutions, has announced a new technology solution with FactSet, a global provider of integrated financial information, analytical applications, and industry-leading service. FactSet Procure to Pay provides the first electronic data exchange to procure services, known as eBonding, between a market data management vendor and market data provider. The result is greater accuracy and increased automation in managing user entitlements for financial market data, leading to faster expense processing and reconciliation for procurement teams.