Netage Solutions has opened an office in New York to strengthen its presence and respond to demand for investor and compliance management technology.
The move follows a strong quarter of over 25% revenue growth for Netage Soultions, a leading provider of front-office software for the alternative assets industry - hedge funds, private equity, venture capital and funds of funds.
The Netage suite of hedge fund software products, InvestorDynamo™, enables investor relations and compliance teams to easily send and track mailings to interested parties, store client and prospect information in a central repository, enhance compliance best practices, and proactively track key statistics (e.g. ERISA exposure).
"Our new office positions us to more effectively service a region where many of our clients are concentrated", said Krassen Draganov, CEO of Netage Solutions. "As Netage is rapidly expanding its business with large hedge funds, funds of funds, prime brokers and fund administrators, having an office in New York reflects our commitment to the financial sector and helps us accelerate the adoption of our hedge fund product line."
The New York City office is the latest step in the company's global expansion after its offices in Boston, London and Sofia. The new office is located at 22 West 23rd Street, 5th Floor, New York, New York 10010.