Bonaire Software Solutions, LLC, a leading provider of software solutions for asset managers, mutual funds and capital markets firms, today announced its highest revenue and profit since the company was founded in 1999. The year 2012 was a record-breaker for Bonaire, as the firm experienced notable growth in light of increasing needs amongst global investment firms in response to regulation and operating efficiency mandates.
In 2012 alone, Bonaire signed 17 new clients, expanding the firm’s client base to over 121 business units worldwide, representing 13 out of 20 of the top largest global investment managers. Citing increased demand for firms to provide transparent fee disclosure, Bonaire added to its core solution, REVPORT v.9, with a significant number of enhancements including three additional software modules; reconciliation, revenue & expense management and data management. These enhancements and modules focus on addressing the key business challenges firms are facing in light of industry regulations.
Additionally, Bonaire enhanced user experience by creating and developing an online user forum for its asset management, mutual fund and capital market clients. The forum creates a secure portal and industry-focused venue for idea-sharing amongst clients and Bonaire. REVPORT users benefit from best practices, advice, product training videos, new product announcements and the opportunity to communicate new product enhancement ideas.
“We are thrilled to see another record year of revenue and profit growth, which was achieved through exceptional client service and by attracting new clients in major markets globally,” states Christopher John, Founder and CEO of Bonaire. “In an increasingly complex global environment, our growth has been fueled by a high demand for sophisticated technology that can support a range of strategies in a flexible and scalable way. Our close partnership with clients and our significant investment in research and development allows us to innovate rapidly and help our clients improve their own financial and operational efficiency.”
With its expanded client base, Bonaire’s flagship product, REVPORT™, processed over $10.4 trillion in AUM in 2012. REVPORT helps asset managers, mutual funds and capital markets firms process and reconcile various fees in a timely, accurate and efficient manner.
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