Electra opens in Florida

Electra Information Systems, a provider of software solutions for the asset management industry, has expanded its US operations with the opening of its newest office in St Petersburg, Florida, headed by Andy Gnibus, Manager of Data Services.

It describes the move as a strategic investment to diversify geographical locations for the operations team. This will support the ongoing business continuity planning for the global firm and will further protect clients from unpredictable threats, such as natural disasters or other potential disrupters that have potential to impact specific regions.

"Financial institutions need to be prepared for the unknown and the potential impact that these events can have on their processes and operations," said Scott Rhodes, Chief Operating Officer at Electra. "It is no longer sufficient to have a simple disaster recovery plan. Through this strategic investment to diversify our geographical locations, we are ensuring that Electra, along with our clients and partners, are prepared for significant events in order to prevent disruption to crucial operations."

This expansion follows the opening of Electra's London office in 2013. The firm expanded to London as a direct result of its growing client base in the EMEA region.