CAMBRIDGE, MA, January 14, 2005 â Netage Solutions, a global provider of front-office software for the alternative investments industry â private equity, hedge funds, venture capital and funds of funds â announced the latest release of DealDynamo Standard, the companyâs workgroup edition Outlook-based private equity and venture capital software.
The 4.0 release of DealDynamo Standard adds features responding to industry demand for increased flexibility and customizability, with the addition of user-defined fields and advanced reporting through MS Access. Now any new data fields private equity professionals want to track on deals and investors can be defined and stored in DealDynamo Standard. Multiple new built-in and extendable reports in MS Access assist with the data analysis and presentation.
The new release also builds upon the strengths of its predecessor that is already in use at leading private equity, venture, and buyout firms worldwide to automate the tracking of third party intermediaries and their respective affiliations with LPs and contacts.
DealDynamo Standard also evolves with an optimized MS Excel importer allowing users to import data from Excel files and a detailed deployment procedure including a system requirements checker, Deployment Wizard and verification of data after successful installation.
"Private equity firms want flexibility and easy reporting," said Mr. Krassen Draganov, CEO of Netage Solutions, "so we will continue to extend the DealDynamo platform to accommodate that. Prospects and clients are also asking for faster, cheaper, and more reliable deployment. The DealDynamo Standard 4.0 release breaks new ground in lowering the total cost of ownership, so if you are the CFO of a venture capital firm, you will see your investment paying off much sooner."