On Tuesday, Linedata announced the opening of a new office in Singapore, the financial software provider explaining that it intends to respond to the sharp increase in the needs of local institutions.

The company says that its expansion in Singapore is a "priority" in its development strategy for the APAC region, and that it plans to rapidly recruit new talent for the new office.

Linedata, whose solutions are used by asset management, insurance and credit professionals, currently has a network of 20 offices covering 50 countries, 700 customers and 1100 employees.

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