DataArt, a custom software development firm that builds advanced solutions for select industries, today announced it has been selected as a strategic technology partner by Coller Capital, a leading global investor in the private equity’s secondary market. Following a year of successful project delivery, DataArt will expand its work to help extend Coller’s internal development efforts.
Recently voted the 2012 Real Deals Secondaries House of the Year, Coller Capital currently manages assets of approximately $10 billion, with investments in the world's most diverse secondary funds. In 2012, Coller Capital closed its sixth secondaries fund, Coller International Partners VI, with capital commitments of $5.5 billion and backing from more than 200 of the world’s leading institutional investors. The firm engaged DataArt in 2011 to work alongside the Coller Capital IT team to develop advanced software and applications for both the front and back office functions.
“Our business evolves at an extraordinary rate which means as an IT team we have to respond quickly to meet the changing needs of the organization. We need a technology partner who brings the requisite industry experience and technology expertise to help us achieve this,” said Howard Lask, CTO of Coller Capital. “DataArt’s extensive domain knowledge, tested team and proven ability to deliver in tight timelines made them the ideal partner for Coller.”
As part of the partnership, DataArt developed new custom applications, extended existing functionality, and helped improve the overall software development process by creating an automated testing framework to ensure the highest quality standards. DataArt adds significant value to Coller as it continues to invest in custom solutions and integration with leading software firms to support and streamline day-to-day operations.
“Developing custom software and applications for financial services clients requires custom development processes as well,” said Alexander Makeyenkov, SVP of Capital Markets at DataArt. “While all clients are unique, there is always a place we can apply years of our service experience. Transparent communications, deep industry knowledge and thorough team composition allows us to build excellent working relationships with stakeholders and ensure we never miss business goals in our day-to-day work. ”
DataArt works with market-defining capital markets companies, including many leading global asset management firms, to develop mission-critical technology platforms and custom applications. Throughout the Coller Capital engagement, DataArt employed a hybrid delivery model combining near-shore development resources with frequent onsite visits and local project supervision.