We are truly delighted to add an executive of Art’s stature and experience to our management team. We look forward to working with him to enhance and expand our product offerings to leading alternative investment funds and fund administrators.
Mt. Kisco, NY (PRWEB) August 16, 2012
TKS Solutions, a leading provider of back office fund accounting software, announced today that it has appointed Art Shulman Chief Executive Officer (CEO) of the company. The appointment of Mr. Shulman, best known for his work at Walker Digital/Priceline and as CEO of Harvey Electronics, positions the company to expand its product line building on its acclaimed investment partnership and shareholder accounting solution, Penny - It Works®.
“We are truly delighted to add an executive of Art’s stature and experience to our management team,” said Ron Kashden, Founder of TKS Solutions. “Art is a well-known, visionary leader who is committed to providing value-centered information, products and services. We look forward to working with him to enhance and expand our product offerings to leading hedge funds, fund of funds, private equity firms, fund administrators, family offices, and management companies.”
“Art brings wisdom, technique and just the right touch to help catapult the expansion of our company,” added Nicole Licare, also Founder of TKS Solutions. “We are very much looking forward to working and learning alongside him.”
“I’m honored join TKS Solutions in this key role and help lead this pioneering company to the next level in its growth, reputation and success,” said Mr. Shulman. “It is a perfect situation that truly gives me the opportunity to leverage my experience. I’m looking forward to building on a very strong foundation, with many established and satisfied customers, and a wonderful product that fills a critical need for the industry.”
As a driver of near term and sustained growth, Mr. Shulman has reinvigorated or reinvented more than 30 businesses or business segments. At Walker Digital, he served as President or Chief Operating Officer of several key ventures, including the development of the fastest growing company in Internet history – Priceline Gasoline. He took an idea to an operating business in seven months, enrolled 750,000 paying customers over the next six months and then hit breakeven with a run rate of $1B/year.
He has also helped conceptualize and launch three other ventures, two not-for-profits and headed a Global Crisis Response project for the World Economic Forum. Most recently, he was President of By Kids For Kids, a marketing and media relations company that acts as a trusted intermediary between children and major corporations.
About TKS Solutions
TKS Solutions offers unified partnership and shareholder accounting solutions for the financial industry. Its flagship software, Penny - It Works®, is used to manage more than 640 funds, providing automated and instant access to detailed investor data. Penny’s open architecture and proven features easily integrate with portfolio accounting and customer relationship management systems, data warehouses and in-house proprietary solutions. Penny is used by leading hedge funds, fund of funds, private equity firms, fund administrators and management companies with assets under management ranging from $50 million to $60 billion. For more information, please visit http://www.PennyItWorks.com.