Together we can solidify and extend Dynamo’s position as the leader in the global, alternative asset management software market.
WATERTOWN, Mass. (PRWEB) January 08, 2018
Dynamo Software, the premier provider of software and data solutions for the alternative investment industry, is positioned for continued market leadership with the expansion of its executive ranks. In the Company’s first major move since securing backing by Francisco Partners in October, Dynamo’s Founder, Krassen Draganov has announced that he will focus all of his efforts on product innovation for the Dynamo™ platform. Simultaneously, the Company has tapped FinTech leader and M&A veteran, Hank Boughner, as the new CEO.
“Hank’s passion for servicing customers and notable experience in both the FinTech and Private Equity industries make him a perfect fit for Dynamo. He is the right person to lead the company in our next stage of growth,” commented Draganov, who remains on the company’s Board of Directors and will now serve as Chief Product Officer, focusing his passion for solving the industry’s challenges through product design and development.
Boughner has more than twenty years of investment and transaction experience within growth markets including financial technology, software and payments. Prior to joining Dynamo Software, Boughner was President and COO of CentralBOS, a leading cloud ERP solution. He also served as President, Global Solutions for Global Payments Inc., one of the world’s leading payment companies. In this role, Boughner was responsible for managing the company’s worldwide ecommerce and omni-channel business. While at Global Payments, he also headed worldwide M&A and led multiple transactions that today are the foundation of Global Payment’s integrated payments and ecommerce businesses.
Prior to these operating roles, Boughner spent over fifteen years leading transactions as an investor in technology companies as well as co-mingled funds, and in investment banking. Throughout his career Boughner has managed over $20bn in transactions, enabling a keen understanding of the opportunities and challenges within the alternative investment industry. Previously, he was a Managing Director with H.I.G. Capital LLC and a senior leader in the Private Equity Group at Goldman, Sachs & Co., where he served as the head of the technology group, was a member of the Investment Committee, and led direct, fund and secondary investments. Boughner began his career in investment banking with Goldman Sachs focused on the FinTech and high-tech sectors.
“I am thrilled to join the Dynamo team in this time of growth and momentum in the marketplace. Krassen has built an innovative company with an exceptional group of people and positioned it for a successful future, particularly with the solid backing of Francisco Partners. Together we can solidify and extend Dynamo’s position as the leader in the global, alternative asset management software market,” said Boughner.
Dynamo announced today that its Board of Directors has approved the appointment.
“Dynamo is a transformational SAAS software provider,” said Peter Christodoulo, Dynamo board member and a Partner at Francisco Partners. “We are excited to have Hank as our CEO. His experience as a business leader, coupled with deep experience as an investor, gives Hank a strong understanding of the types of software solutions Dynamo’s customers need to drive their respective businesses. We are confident that he can help the company exceed the expectations of its over 450 blue chip customers who derive tremendous value from the Dynamo™ platform on a daily basis.”
About Dynamo Software
Dynamo Software, formerly Netage Solutions, has provided industry-tailored, highly configurable investment management, reporting and data management solutions to the global alternative investment industry since 1998. Dynamo provides SaaS solutions across the private investment landscape including: endowments, pension funds, foundations, private equity and venture capital funds, real estate investment firms, hedge funds, prime brokers, funds of funds, fund administrators, and family offices. The Dynamo™ platform has improved the productivity of fundraising, deal, research, investor servicing, portfolio management, and compliance teams worldwide. Collectively, our 450+ clients manage over $3 trillion in assets.