CorrectNet’s Growth Drives Infrastructure and Senior Management Team Expansion

Share Article

CorrectNet the market leader in managed client communications for the asset management industry is in the midst of completing a year of record revenue and strong year-over-year growth. Based upon the expansion of its business, CorrectNet has added to its Corporate and Global Data Center infrastructure as well as to its senior leadership team.

I am excited and honored to be with CorrectNet to help drive our client’s success. The company’s business has taken dramatic steps forward based upon its ability to deliver information to both investors and institutional asset managers as they require it.

CorrectNet the market leader in managed client communications for the asset management industry is in the midst of completing a year of record revenue and strong year-over-year growth. Based upon the expansion of its business, CorrectNet has added to its Corporate and Global Data Center infrastructure as well as to its senior leadership team.

“On the heels of 2010 sales growth over 100%, new multi-million dollar contracts in Europe and the US and a 25% expansion in our delivery organization, we continue to ramp our investments in helping the largest asset managers utilize our infiPOINT platform to address their toughest client communication and reporting challenges. As part of this expansion, I am delighted to announce the move to our new corporate headquarters, the expansion of our global data center footprint along with the addition of Jim Mancuso as Chief Client Officer and Jim Connolly as Senior Vice President of Technology and Operations,” said Bob Miller, CEO, CorrectNet.

Most recently, Jim Mancuso joined the company as its new Chief Client Officer. The position of CCO is a new one for the company and is designed to unify the entire client experience from the time they first become a client, through delivery of their solution, and then maintaining an ongoing relationship. Mr. Mancuso will report directly to CorrectNet's CEO Bob Miller. "I am excited and honored to be with CorrectNet to help drive our client’s success. The company’s business has taken dramatic steps forward based upon its ability to deliver information to both investors and institutional asset managers as they require it,” said Jim Mancuso, CCO. Prior to joining CorrectNet, Mr. Mancuso served as the General Manager of Platform Computing’s Financial Services Business Unit where he oversaw their financial services business.

With another key addition to the management team, CorrectNet has added Jim Connelly, Senior Vice President, Operations and Technology who will oversee CorrectNet’s expanding managed service infrastructure, which is growing in response to increased demand for its infiPOINT Platform. The new infrastructure will support CorrectNet’s continued growth through new major account wins with some of the world’s largest asset managers as well as its rapid adoption by Global 50 financial institutions. This expansion includes new data centers in Boston, along with continued European growth to support business in EMEA. With SAS-70 Type II data centers now in New York, North Carolina, Boston, London, Luxembourg, Bermuda, and Cayman Islands, CorrectNet continues to lead the way as the only client reporting vendor with multi-jurisdictional service delivery capabilities. “Business requirements around security, performance, and availability are changing daily. My mission is to build upon our industry leading managed services platform in the best interests of our clients,” said Jim Connelly, Senior Vice President, Operations and Technology. Previous to CorrectNet, Mr. Connelly’s experience includes senior IT Management positions at EMC, AT&T, and NCR where he designed and delivered enterprise infrastructures and business continuity solutions.

About CorrectNet
CorrectNet is the market leader in managed service-based information delivery and client reporting for asset management firms and institutions. Founded in 1997, CorrectNet provides infrastructure, operations and people to manage the aggregation, enrichment, quality assurance and formatting of complex investment data, delivered through rich reporting web portals to investors, portfolio managers, operations teams and executives. CorrectNet’s managed service supports over 400 implementations, processing over two million data feeds per day and serving over 500,000 users; providing firms with more information, more frequently and with more flexibility. For more information about CorrectNet, visit http://www.correctnet.com .

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Bob Simon
Visit website