CHICAGO, IL (PRWEB) February 18, 2015
Firm58, a financial management software company simplifying trade operations for capital market firms, announced today the addition of Bill Burgess, Operating Partner at North Bridge Venture Partners, to its board of directors.
Furthering the seven-year relationship between North Bridge Venture Partners and Firm58, Burgess will play a key role in advising the company as it moves into its next stage of growth. Burgess has spent his entire career building strategic relationships for companies in the financial sector and has more than 20 years of experience investing in and advising technology companies on corporate finance and M&A efforts. Previously, Burgess has served as Managing Director at Alex. Brown & Sons and in various management positions at Deutsche Bank. He also has held positions with several boards of public and private corporations.
Burgess will replace Jim Moran, who previously served on the board and helped forge the successful long-term engagement between the two companies, as he moves to a new role with North Bridge Venture Partners.
“Bill brings extensive background developing strategic partnerships for emerging growth stage companies and a real passion for the tech industry,” said Nick Fera, CEO of Firm58. “We’re looking forward to having him on the board and benefitting from his breadth of experience to continue to build upon the successful foundation built by Jim.”
“Firm58 is well-situated at the epicenter of a rapidly growing sector within the financial industry,” said Burgess. “With the current investment and trading climate, Firm58 has significant opportunity ahead, and I’m thrilled to be associated with such a fine team representing North Bridge.”
For more information about how Firm58 is helping broker/dealers and exchanges gain valuable insight into their billing, CSA soft dollar and risk data, visit http://www.firm58.com.
Firm58 simplifies trade operations for capital markets firms. The company’s web-based financial management software manages the processes associated with fees, commissions and compliance to help increase revenue and operational efficiency, reduce costs, and remain compliant. The Software as a Service (SaaS) platform automates middle- and back-office processes across asset classes to provide insight into daily profitability and protect revenue. Firm58 offers solutions for billing, profitability analysis, commission sharing arrangements/soft dollar management, and compliance. Clients include global market exchanges and execution venues, leading institutional brokerages, clearing and non-clearing broker-dealers, and proprietary trading firms. Founded in 2005, Firm58 is based in Chicago, and is backed by Pritzker Group Venture Capital and North Bridge Venture Partners. For more information, visit http://www.firm58.com.