May 20, 2005 -- Netage Solutions, a leading global provider of front-office software for the alternative assets industry - hedge funds, private equity, venture capital and funds of funds
- today announced the opening of a new office in the San Francisco Bay area. The opening of the San Francisco office is fueled by the growing interest of West Coast's hedge fund and
venture capital community in front-office deal, investor and compliance management applications and the increasing number of business development opportunities across the Western United
States. The opening follows the recent establishment of an office in New York City.
Dumisani Banda, Senior Account Manager at the company, will lead Netage's team in San Francisco and will be responsible for the company's West Coast operations.
"Netage is aggressively growing and building momentum. By establishing presence on the West Coast, we expect to accelerate our hedge fund and private equity market penetration and further
demonstrate the power of our Dynamo product suite" said Mr. Krassen Draganov, CEO of Netage. "We have a significant alternative assets customer base developing in the Western United
States and the new office will not only extend our reach but also allow us to work closer to existing customers and technology partners."
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).
For private equity, venture capital, buyout, fund-of-funds, and secondary investment firms, Netage provides DealDynamo - an intuitive software suite that allows companies to organize
knowledge about deals, contacts, intermediaries, and investors. The product improves employee productivity, automates investor correspondence, and makes all information accessible within
Microsoft Outlook.
About Netage Solutions
Netage Solutions, Inc. has been a global provider of software for the alternative investments community - private equity and hedge funds, funds of funds, venture capital and institutional
investors - since 1998. Intuitive and industry-specific, our solutions improve the productivity of deal and investor relations teams worldwide. Our clients manage funds with over $100
billion, report their results to over 10,000 investors, and employ over 1,000 professionals.