New York, NY (PRWEB) September 29, 2011
Advent International, the global private equity firm, has selected SunGard’s Investran to help improve its financial reporting capabilities and provide greater transparency to investors. Investran is an award-winning solution suite that helps automate front-, middle- and back-office processes for private equity and other alternative investment firms.
Advent International, which focuses on international buyouts, strategic repositioning opportunities, and growth investments, needed a solution that would help it efficiently manage an increasing flow of transactional data to an array of investors. Advent International selected Investran to help it automate accounting workflow and streamline operations onto a single, integrated platform.
“Advent’s tremendous growth and success, the dramatic changes in the private equity industry, and huge advances in Private Equity technology platforms are creating opportunities for Advent to enhance our reporting,” said Eileen Sivolella, chief financial officer of Advent International. “Investran will help Advent add to the service levels for our investors and scale to accommodate for growth.”
“SunGard’s dedicated team brings not only robust systems expertise, but also a deep understanding of current industry topics and trends,” added Michael Ristaino, vice president, Fund Administration at Advent International.
“Advent International joins a growing number of private equity firms that are looking to streamline their operations,” said Lauren Iaslovits, chief operating officer for SunGard’s Investran business unit. “Investran will help Advent International automate processes, increase productivity and improve client service.”
About Advent International Corporation
Founded in 1984, Advent International is one of the world’s leading global buyout firms, with offices in 17 countries on four continents. A driving force in international private equity for 27 years, Advent has built an unparalleled global platform of over 170 investment professionals across Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, strategic repositioning opportunities and growth buyouts in five core sectors, working actively with management teams to drive revenue growth and earnings improvements in portfolio companies. Since inception, Advent has raised $26 billion in private equity capital and, through its buyout programs, has completed over 270 transactions valued at approximately $60 billion in 35 countries. For more information, visit adventinternational.com.
About SunGard Investran
SunGard 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 on Investran and SunGard’s portfolio of alternative investment solutions, 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 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher 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. For more information, 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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