CAMBRIDGE (MA) â 15 February, 2005 â Netage Solutions, a global provider of front-office software for the alternative investments industry âhedge funds, private equity, venture capital and funds of funds â today announced significant growth over the course of 2004 with over 100% more new hedge fund and private equity clients signed, 7 major product releases announced and over 50% revenue growth.
The companyâs success in 2004 was bolstered by surging sales of the InvestorDynamoâ¢ product line, the hedge fund and fund-of-fund software platform for investor and compliance management. Sales of Netageâs suite for deal, contact, fund, and investor management of private equity and venture capital firms, DealDynamoâ¢, 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," said Mr. 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."