21 May 2009
WATERTOWN, MA – May 19, 2009 – Netage Solutions, Inc., a premier provider of CRM software and online reporting systems for the alternative assets industry, today unveiled Dynamo™ version 6, a landmark release of its vertical-specific relationship management platform. Already deployed at six client sites, the new web-based platform includes a Software-as-a-Service (SaaS) delivery option for firms wishing to utilize the application without the cost and complexity of maintaining hardware and software in-house. Additional highlights include BlackBerry® access, Outlook integration and Mail Merge enhancements, and investment tracking and performance analysis tools.
Alternative investment firms with limited or outsourced IT resources, multiple offices, or professionals frequently on the road are prime candidates for SaaS solutions. Additionally, in a difficult market where ‘cash flow is king’, SaaS allows firms to get up and running with less upfront capital than on-premise software. Yet, despite these needs, SaaS adoption has lagged other sectors because the current generation of on-demand CRM applications lacks the capabilities essential for managing deal-flow, capital-raising, investor relations, and reporting.
Dynamo™ 6 is a powerful Web-based CRM solution that combines SaaS delivery with sophisticated functionality for the alternative assets industry. Developed with the latest Web 2.0 technologies, Dynamo™ 6 is unique among Web-based applications in that it delivers Excel-like usability with right-click commands; drag-and-drop capabilities; and filter, group, and sort options. Tight integration with Microsoft Outlook® further enhances usability by enabling rapid e-mail capture. And with BlackBerry® access, Dynamo™ 6 delivers a seamless experience in the office, at home, or on the road.
Investment Tracking and Performance Analysis Tools
Expanding on the industry-specific features built into the platform over the last decade, Dynamo™ 6 offers a simple, unified approach to investment tracking and performance analysis that fills the gap between the basic information provided by fund administrators and the overwhelming complexity of back-office systems. The application can track investment transactions and history, allowing users to perform a broad range of functions, including aggregation, analysis, and performance calculations.
Immediate Market Traction
The launch of Dynamo™ 6 follows on the heels of a successful beta program, which saw six firms deploy the application, including three new clients. As further evidence of the immediate traction Dynamo™ 6 has gained in the alternative assets industry, Netage closed a large deal this month with a multi-billion dollar public pension fund. This sophisticated institutional investor will leverage Dynamo™ 6 to manage fund manager relationships, and track documents and other due diligence info.
“Alternative investment firms no longer have to sacrifice vertical-specific functionality for SaaS deployment, or vice versa,” said Krassen Draganov, CEO and Co-Founder of Netage Solutions. “With Dynamo™ 6, they get both, along with an interactive user experience that uniquely combines the best Web and desktop applications. Given the market’s immediate embrace, we are confident that Dynamo™ 6 will be a ‘game-changer’ in the alternative assets industry.”
Additional New Features and Enhancements:
Free 30-Day Trial Available
Dynamo™ 6 is available immediately. To request a live product demonstration, or a free, 30-day trial, please visit http://www.netagesolutions.com.
About Netage Solutions
For more than a decade, Netage Solutions, Inc. has been the premier provider of CRM software and online reporting systems for the alternative assets industry, including private equity and venture capital firms, hedge funds, real estate investment firms, funds of funds, prime brokers, and institutional investors. Intuitive and highly configurable, the Dynamo™ Suite has improved the productivity of deal, research, and investor relations teams worldwide. Collectively, our clients manage nearly $400 billion in assets. For more information, please visit www.NetageSolutions.com.
Daniel Rheault
Marketing Manager
Netage Solutions
(617) 393-2377
daniel (at) netagesolutions (dot) com