Global Investment Systems has broken with Extended Systems, its longstanding database provider, and utilized Oracle’s database platform to power its latest shareholder accounting system, which is formally known as MFACT.

Mary Pizzichino, U.S. director of sales and marketing at GIS, said Oracle’s database offers power and functionality required by larger institutional customers that is lacking in Extended Systems’ database. "This new functionality allows us to attract and serve those users with the development of the Oracle functionality for MFACT."

In addition, Oracle’s database provides greater flexibility than Extended Systems for interfacing with a wide variety of "server operating environments," like Microsoft Corp’s Windows applications, UNIX and Linux.

GIS intends to continue Extended Technology in MFACT applications intended for smaller customers, according to a statement from the company.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.