Odyssey and Upstream Technologies Announce Strategic Alliance

Through the provisions of this partnership Odyssey will integrate Upstream’s tax optimization and pre-trade compliance technology with the Odyssey Triple’A portfolio management system. In addition, both companies will refer opportunities and jointly market to each other’s prospects and clients in North America.

“Our alliance with Upstream allows Odyssey to better serve our clients by extending the functionality and value of our solutions to include the most advanced optimization technology available,” said Antoine Duchateau, CEO of Odyssey Asset Management Systems. “We are very committed to providing our clients with superior service and state of the art technology to help them gain greater efficiencies and a competitive advantage. This alliance with Upstream enables us to continue to deliver on that commitment,” added Mr. Duchateau.

“We are thrilled to partner with an industry leader like Odyssey in the expanding wealth and asset management marketplace,” said Mark Hoffman, CEO of Upstream. “We have been very impressed with the thought leadership of the Odyssey management team and their ongoing commitment to deliver superior solutions to their customers. We are honored that Odyssey would select Upstream as their partner in this very strategic market.”

About Upstream
Upstream Technologies LLC, founded in 1999 by industry veterans Evan Schulman and Mark Hoffman, provides asset managers with a system that incorporates a firm's unique investment style into multiple investment products, from separately managed accounts to institutional portfolios to mutual funds. Upstream's Investment Management System supports straight through processing (STP) and automates an asset manager's workflow of portfolio rebalancing, active tax optimization, model and overlay management, and offers robust reporting and trade audit trails. For more information, please visit www.upstream.net

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