March 24, 2017
March 23, 2017, Miami, Florida: AltaReturn, the leading provider of cloud-based end-to-end financial software solutions for Private Equity, Venture Capital and the Alternative Investment industry, announces another record year of customer signings & demand for services in 2016.
AltaReturn is pleased to announce that it once again saw unprecedented levels of activity in 2016. This resulted in a more than 40% increase in new client signings. Performance was strong in established markets as well as new territories such as Asia with the opening of an office in Hong Kong. Equally important is that growth was evenly distributed amongst the various verticals served by AltaReturn with notable increases in both Family Offices and Third Party Fund Administrations, where industry strength accounting solutions are vital.
A new release of the Corporate Accounting solution, delivering even tighter integration with the flagship Fund Accounting solution, saw a strong uptake amongst the existing install base as well as new clients. Lastly, the launch of the much-anticipated Rapid Deployment offering opened up new segments of the market in 2016 which have been traditionally overlooked by software vendors.
Commenting on this announcement, AltaReturn co-founder and Managing Partner, Rey Acosta said: “We are honored to welcome so many new clients to our existing global client base who have chosen to put their trust in us. However, we recognize that growth can bring its own issues so we have continued to invest heavily in infrastructure, product and people to ensure our hard-earned reputation for client service is fully maintained. Having pioneered both cloud and mobile technology in our industry, we are particularly pleased to be able to offer our solutions on a Rapid Deployment basis, providing industry best practices at a fraction of the traditional deployment timescale.”
About AltaReturn: A next-generation technology, AltaReturn provides a comprehensive end-to-end solution designed for the Private Equity and Alternative Investment industry. Created using Microsoft as the platform technology, AltaReturn, has developed a suite of private equity solutions covering Fund and Corporate Accounting, CRM, Business Intelligence and Investor Portal Communication. Deployed on the cloud, these solutions are available as an integrated end-to-end suite or as independently licensed applications.
AltaReturn’s client list includes Private Equity, Venture Capital, Family Office, Fund Administration, LP & Fund of Funds & Real Estate Funds with assets ranging from $100 million to $35 billion.
