Fundspire Celebrates Growth in the Cloud in 2011
|February 8th, 2012||
|Contributed by: Fundspire Inc|
|Fundspire, a leading cloud-based technology provider of performance analytics and reporting for the alternative asset management industry, today announced record revenue as well as significant client, product and employee growth in 2011.|
“We are very pleased to have had an excellent year in 2011 despite the European credit crisis which affected the hedge fund industry,” said Christophe Frèrebeau, Chief Executive Officer “We were fortunate to have won a record number of new clients for our analytics platform while retaining 100% of our existing clients.” Fundspire added a record number of new hedge funds, fund of funds, family offices, advisors and other institutional investors as clients in 2011, growing its global user base in excess of 400 users. About 60% of the new business came from competitive systems that were not cloud based.
In keeping with its tradition of rapid development and release cycles, the company rolled out major features including a web integration of Fundspire's cloud-based solution that can integrate with any company’s website to enhance a client-side analytic reporting platform or portal.
Fundspire’s team more than doubled over the last six months, pursuing the best and brightest in the areas of software development and sales and marketing. Attracting top talent such as Al Capulong, is evidence that Fundspire has quickly emerged as a major player in the analytics and reporting space. Mr. Capulong recently joined Fundspire as Managing Director and Head of Sales. He brings extensive Marketing and Sales knowledge from his past experiences at Cogency Software and PerTrac Financial Solutions, and will play an integral role in Fundspire’s future expansion.
In January 2012, Fundspire also opened a new regional office in Chicago allowing it to better serve the US markets. “We’re very serious about expanding our presence and are excited to be able to service and support the asset management community,” added Mr. Frèrebeau.
The alternative investment industry has grown and evolved in the last decade, however the analytics and reporting software technologies have remained stagnant. Fundspire is dedicated to keep bringing innovation to this space by providing the next generation software in analytics and reporting.
Fundspire is the next generation cloud-based technology provider in the alternative investment industry that is leading the shift for web-based hedge fund analytics and reporting.
Fundspire’s disruptive innovation allows companies to offer instant and easy access to performance and risk analysis to their investment teams across the globe, as well as providing interactive analytic reporting to investors or clients worldwide.