October 12, 2005, London - Bonaire Software Solutions, LLC, a proven provider of integrated revenue management and fee billing technology solutions for global investment managers, today announced that it has created a partnership with Bonaire (UK), Ltd. to market REVPORTTM to investment management firms based in the UK and Europe. With Bonaire Software Solutionâs continued success in selling solutions to global players implementing on a world-wide scale, plus the proven opportunity outside of the US, this partnership forms a strategic part of their on-going expansion.
Bonaireâs flagship product, REVPORTTM offers global asset managers, custodians, mutual fund companies, banks and employee benefit plan administrators a fully integrated, customizable, integrated, suite of revenue tracking and fee billing technology solutions.
Recently released REVPORT 4.0TM was created in response to financial institutionsâ requests for a sophisticated, fully auditable, yet easy to use, multi-currency fee billing system to replace their outdated mainframe and legacy vendor software or manual processes that are labor intensive and error prone. "Bonaireâs expanded fee management technology, combined with our robust revenue collection services, addresses the complex regulatory and competitive challenges faced by anyone managing or handling global investment portfolios today," said Christopher John, founder and CEO. "We needed local representation to service the demand from our US and International clients who want to deploy REVPORT TM in their European operations." Under the terms of the agreement, Bonaire (UK) will become the European-wide sales and marketing arm for REVPORT TM.
"We are excited about working with Bonaire and the marketing opportunities presented by REVPORTTM, said Gary Watts, Managing Director of Bonaire (UK), Ltd. "Many European financial institutions have encountered on-going operational challenges in handling increasingly more complicated fee and revenue management processes. Until now, these issues have negatively impacted their bottom line. We believe that REVPORTâs TM proven ability to address these issues will generate considerable interest and demand from financial institutions in the European market."