A prominent North American development organisation that provides financing, consulting services and venture capital has selected 3i Infotech - Framework, the leading UK provider of software solutions to the global private equity community, to manage its venture capital investment portfolio.
The deal provides the Canadian organisation - which focuses on providing support for small and medium sized enterprises - with a comprehensive overview of its entire investment fund.
The front, middle and back office teams can now be provided with a single, integrated source of up-to-date information and data. This enhances portfolio monitoring and risk reporting, streamlines the decision making process and provides users with a one-stop shop for all future venture capital data requirements.
As part of the agreement, Framework will enable the organisation to:
• Capture all new investment requests and track the investment authorisation process;
• Enter qualitative and quantitative information on existing data to improve the management of the investment portfolio;
• Perform a regular scheduled valuation across all investments, using the valuations module;
• Process all financial transactions and import and export specific data sets;
• Quickly produce up-to-date statistical reports to satisfy shareholder requests for information.
“The integration of Framework into this prominent organisation is a significant achievement and a major milestone in the expansion of 3i Infotech – Framework into North America,” said Elspeth Goodchild, Managing Director, 3i Infotech - Framework.
“As the organisation’s investment portfolio has grown, the company quickly found that its infrastructure was composed of a series of tools and applications with minimal integration. We worked closely with the organisation to implement Framework – providing the business with a means through which to continue to develop its investment portfolio and grow.
“With a strong customer following within the European markets, we look forward to tackling further the challenges within the North American private equity market and extending our existing industry footprint.”
Framework is a complete, end-to-end, alternative assets software solution which helps manage risk, enables transparency and increases operational efficiency for all types of organisation across the entire private equity market.
Framework is used by firms in Europe, North America and the Middle East which collectively manage over US$200 billion of alternative assets. These firms include private equity and venture capital groups, real estate investors, administrators, fund of funds, development funds and corporate funds.
About 3i Infotech
3i Infotech (3i-infotech.com) provides software products and IT services for the Manufacturing, Retail & Distribution; Banking, Financial Services & Insurance (BFSI); and Government verticals. The Company's quality certifications include ISO 9001:2008 for BPO, ISO/IEC 27001:2005 for Data Centre Operations and ISO/IEC 20000-1:2005 for Data Centre Management Services. The Company has embarked on re-appraisal under SEI CMM ML 5 for all of its major software development centres in India.
By using its domain knowledge and through continuous investment in technologies, 3i Infotech Limited helps corporations in their businesses through its expertise in enterprise-class software solutions, software services, information security consulting, system integration services, IT infrastructure and Disaster Recovery solutions. 3i Infotech services over 1,500 customers in more than 50 countries across five continents.
For more information, please contact:
Nicola Harley - Head of Marketing
3i Infotech (Western Europe)
P: +44(0) 20 7071 3012 / F: +44(0) 20 7071 3001