New York, NY (PRWEB) December 01, 2011
ABRY Partners (ABRY), a Boston-based private equity investment firm, has selected SunGard’s Investran to help it address its accounting needs for private equity administration. Investran will help ABRY Partners more efficiently analyze, track and disseminate an increasing flow of data, while helping it improve operational efficiency and mitigate operational risk. Investran’s award winning application suite supports the entire investment lifecycle – from fundraising through reporting and portfolio monitoring – helping automate front-, middle- and back-office processes for private equity and alternative investment firms.
ABRY will use Investran to help it monitor current investments more efficiently, manage investor allocations, and automate the accounting workflow. Investran will also provide ABRY with streamlined reporting, auto-generated capital calls and distribution notices, and production of performance reports, including both dynamic IRRs and the ability to evaluate and track relevant qualitative data for active portfolios.
Eric Cooper, controller of ABRY Partners, said, “With a significant amount of capital under management and a large influx in information across multiple ABRY funds, we are proud to have selected SunGard’s Investran to help us most efficiently meet our accounting and reporting needs. Investran is also a reliable solution for managing investor relationships and investor inquiries as well as centralizing due diligence to help us reduce operational risk.”
Lauren Iaslovits, chief operating officer of SunGard Investran, said, “SunGard’s approach to the private equity business is unique in that we combine the strength of a flexible, functionally-rich solution with industry expertise and a consultative approach to helping our customers meet their private equity administration needs. As an industry leader, Investran continues to provide reliable, innovative solutions to help our customers grow their businesses.”
About ABRY Partners
Founded in 1989, ABRY Partners is one of the most experienced and successful media, communications, and business and information services focused private equity investment firms in North America. We invest in high quality companies and partner with management to help build their businesses. Since its founding, ABRY has completed over $27.0 billion of leveraged transactions and other private equity, mezzanine or preferred equity placements, representing investments in approximately 450 properties. For further information, visit http://www.abry.com.
About SunGard's Investran
SunGard's Investran is an integrated application suite that automates front-, middle- and back-office processes for private equity and alternative investment firms. Investran helps improve business efficiencies to facilitate collaboration, support deal flow and automate accounting. Firms rely on Investran’s integrated capabilities to help meet their needs in the entire investment life-cycle, including relationship management, reporting, monitoring, accounting, fund raising and deal pipeline management. For more information, please visit http://www.sungard.com/investran/learnmore.
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves over 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue of about $5 billion, SunGard is ranked 434 on the Fortune 500 and is the largest privately held business software and IT services company. Look for us wherever the mission is critical. For more information, please visit http://www.sungard.com.
Trademark Information: SunGard, the SunGard logo and Investran are trademarks or registered trademarks of SunGard Data Systems, Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
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