WATERTOWN, MA – 23 December, 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 – announced today that it has entered into a strategic partnership with Matsco Solutions, an IT services and computer support provider in the United Kingdom. The partnership has been structured to bring the InvestorDynamo™ suite to hedge funds under a single point of contact and to provide comprehensive customer service to all Netage clients in the UK.
"The partnership with Matsco Solutions is another example of our commitment to providing hedge fund customers with sophisticated investor relations and compliance management software to help run their businesses and with the infrastructure to support them," commented Krassen Draganov, Netage CEO. "We are enjoying increased interest in our hedge fund software in the UK and having a locally-based IT managed services partner will allow our clients have access to valuable resources and specialized technical support. Netage is constantly looking for ways to ensure customers derive the maximum benefit from our software both through aggressive product development and partnerships with established IT consulting firms in the alternative assets space."
The InvestorDynamo™ suite 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).
"Many companies in the industry, like Matsco Solutions, are reliant on the technical expertise of their team and the strength of their relationship with their business partners. We have spent years building a strong team and looking for business partners such as Netage Solutions". Director of Global Operations, Jim Serpi, added.
The strategic partnerships Matsco Solutions enters with specialty vendors allows the company to recommend and manage all the aspects of a turn-key environment, including cabling, voice, market data and investor management solutions, and, therefore, the overall success of the technology environment.