Netage Solutions more than doubled its number of hedge fund and private equity clients in 2004 as well as seeing revenue grow by over fifty per cent.
The company, a global provider of front-office software for the alternative investments industry - hedge funds, private equity, venture capital and funds of funds - also announced seven major product releases during the same period.
The company's success in 2004 was bolstered by surging sales of the InvestorDynamo™ product line, the hedge fund and fund-of-fund software platform for investor and compliance management. Sales of Netage's suite for deal, contact, fund, and investor management of private equity and venture capital firms, DealDynamo™, also grew, attracting a number of industry leaders, including Landmark Partners, Thomas H Lee Partners, and the Merrill Lynch Venture Services Group.
"This past year was very successful for Netage and we are looking forward to building on that success in 2005 as we continue to enhance our front-office software suite for the hedge fund and private equity community," says Krassen Draganov, CEO of Netage Solutions. "It is evident how the market is becoming more aware of the benefits that can be gained from our integrated, industry-focused approach to increasing investor and deal team productivity, providing much-needed compliance management solutions, and doing all of that while providing maximum reliability and ease of use. User adoption is the true endorsement for our products."
Background notes: Netage Solutions Inc has been a global provider of software for the alternative investments community - private equity and hedge funds, funds of funds, and institutional investors - since 1998. Intuitive and industry-specific, the company's solutions improve the productivity of deal and investor-relations teams worldwide. Netage's clients manage funds with over USD 65 billion, report their results to over 10,000 investors, and employ over 1,000 professionals.