Charles River – Boston – Charles River Development is expanding its private cloud through an agreement with CenturyLink. The arrangement opens up Charles River’s Software-as-a-Service offerings to Buy-Side clients in Canada which requires local residency for data and hosting providers.

“We’ve been broadening our hosted services since 2005, and the addition of CenturyLink’s on-the-ground facilities and support assures even more clients that we can process and protect their sensitive data,” said Tom Driscoll, Global Managing Director, Charles River. “Our newest functionality in the Charles River Investment Management Solution is SaaS-based. Our agreement with CenturyLink lets clients take full advantage of hosted capabilities regardless of their location.”

Charles River’s fully managed, private cloud solution is ISO 27001 certified, and helps firms simplify operations and reduce technology costs. Clients have a dedicated instance of Charles River IMS hosted at premier centers with stringent security and disaster recovery capabilities.

“We’re pleased to support Charles River as it expands its hosted services in new regions,” said Ash Mathur, Regional Vice President and country manager for CenturyLink’s Canadian operations. “We have extensive experience in meeting the hosting needs of enterprise customers in Canada, including top financial services customers such as Charles River, with our world-class facilities and support. Our local presence and expertise, combined with Charles River’s comprehensive platform, is a powerful solution for Canadian asset managers.”

About CenturyLink

CenturyLink (NYSE: CTL) is a global communications,hosting, cloud and IT services company enabling millions of customers to transform their businesses and their lives through innovative technology solutions. CenturyLink offers network and data systems management, Big Data analytics and IT consulting, and operates more than 55 data centers in North America, Europe and Asia. The company provides broadband, voice, video, data and managed services over a robust 250,000-route-mile U.S. fiber network and a3 00,000-route-mile international transport network. Visit CenturyLink for more information.

About Charles River

Charles River enables sound and efficient investing across all asset classes. Over 350 firms worldwide use Charles River IMS to manage more than US$25 Trillion in assets in the institutional investment, wealth management and hedge fund industries. Our SaaS-based solution automates and simplifies investment management on a single platform – from portfolio decision support and risk management through trading and post-trade settlement, with integrated risk and compliance throughout. Headquartered in Burlington, Massachusetts, we support clients globally with more than 750 employees in 11 regional offices. For more information, please visit www.crd.com.