G2 FinTech Wins U.S. Tax Analysis & Compliance Software Solution of the Year — Hedge Funds Award

New York - 27 February 2013

TaxGopher® Recognized by International Hedge Fund Awards for Excellence in the Industry

G2 FinTech, provider of tax analysis and compliance software for the investment management community, has today announced that it has won the U.S. Tax Analysis and Compliance Software Solution of the Year — Hedge Funds Award. This Award is presented by Acquisition International Global Media as part of its International Hedge Fund Awards and recognizes TaxGopher, G2 FinTech’s flagship product that performs tax analyses of securities transactions, for excellence in serving the hedge fund and alternative asset community.

Charlotte Abbott, Chief Coordinator of the International Hedge Fund Awards at AI Global Media says, “One of the goals of the International Hedge Fund Awards is to recognize best-of-breed solutions in the hedge fund industry. The feedback we received from the more than 100,000 industry professionals who voted on this year’s winners clearly demonstrates that G2 FinTech’s TaxGopher leads the industry in providing hedge funds with tax analysis and compliance solutions.”

The International Hedge Fund Awards are merit-based and celebrate excellence within the hedge fund industry. The Awards honor hedge fund managers and service providers to the hedge fund industry. TaxGopher is a powerful tax analysis engine for cost basis adjustments that allows firms to meet their compliance requirements by reporting accurate information on taxable gains and losses. A high-performance solution for wash sales, TaxGopher also offers modules that address constructive sales, straddles, qualified dividends, and dividends received deductions. TaxGopher is a deployed solution that augments a company’s existing portfolio management system and is currently driving wash sale reporting for more than 500 hedge funds. Other clients include brokerage firms, fund administrators, and accounting & audit firms.

George Michaels, CEO of G2 FinTech, comments: “Thank you to AI Global Media for this prestigious award. We are honored that TaxGopher has received this high level of recognition. We at G2 FinTech strive to provide our clients with solutions that not only solve highly complex business problems but also offer them the flexibility, control, speed and savings they want. We are pleased to know that our efforts have been recognized by the industry we serve.”

This award win follows G2 FinTech’s recent launch of TaxGopher+, a complete Cost Basis Reporting (CBR) solution that addresses all three roll-out phases of the 1099-B CBR rules. The TaxGopher+ offering adds a tax lot retirement engine to TaxGopher, the proven tax analysis solution that provides accurate information on taxable gains and losses.

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