Software company owners choose seg to sell their businesses because of our unmatched expertise. Sungard has been named private equity software provider of the year for the second consecutive year. Fund sponsors fund administrators transfer agency institutional investors family offices equitrak is a comprehensive, enterpriseclass. Collins spoke to prior investments by impatient venture capital and equity firms and. Old software typically has the advantage of having the bugs ironed out long ago, but vitech s software is both old and. Its been said that private equity has a crush on technology. Investran named as pe software provider of the year from the press release. Private equity and venture capital software solution altvia.
Jun 11, 2019 the fund focuses on middlemarket highgrowth companies in the software and technologyenabled business services sectors. Vitech systems asia private limited is a private incorporated on 18 september 2003. Private equity firms, long known in technology for taking staid businesses and milking them for cash, are trying their hand at cloud software. Vitech, a leading provider of software to insurance, retirement and investment organizations, announced today that it is a diamond sponsor of the 2018 limra annual conference, held october 2830 in new york, new york. Vitech systems asia private limited company, directors and. Vitech is one of the worlds leading providers of financial and benefit administration software. The company offers investment administration, insurance, and retirement planning solutions. New yorkheadquartered vitech provides software for pension, insurance and investment organisations. Vitech systems group is one of the leading providers of administration software to insurance, retirement and investment organizations. We grow through acquisitions of wellmanaged software companies. Private equity firms need a product suite that consolidates, integrates and organizes data to meet increasing demands of investors and drive greater. New york, ny about vitech vitech systems group is a leading provider of group administration software to the insurance, retirement and investment industries.
With the coronavirus pandemic hitting financial markets concerns around the performance of funds raised in recent years are rising read the latest article by elisangela mendonca from private equity newsdow jones, on how firsttime funds have proven their worth in the aftermath of a crisis, with new data showing. Vitech s revenue is the ranked 2nd among its top 10 competitors. Vitech to sponsor the 2018 limra annual conference. Equitrak is a stateoftheindustry administration solution specifically designed to meet the unique business needs of investment and administration organizations including. At the intersection of technology and private equity techcrunch. Vitech, a leading provider of software to insurance, retirement and investment organizations, announced today that it is a. We have a wellestablished reputation for delivering successful endtoend operational change management services, from upfront. Our mission is to help organizations improve the efficiency and effectiveness of their operations while increasing service levels and broadening service offerings. Although investments in such companies have the potential to generate high returns, success is far from assured. Whether you are a general partner, fund administrator, limited partner, fund of funds, or transfer agent, v3 for investment enables your organization to improve operating efficiency, achieve higher levels of staff empowerment, and provide business agility for an evolving marketplace with a rich set of administrative features. The equitrak platform is an enterprise software solution for the front and back office needs of the private equity, hedge and alternative asset.
Today the group has 800 employees and had 2019 a turnover of sek 1,156 million. It is classified as nongovt company and is registered at registrar of companies, hyderabad. Their software, v3, is a unique administration platform specifically designed to address the unique. Vitech systems group provides software for pension. Whether you are tracking direct or indirect investments, v3 allows for the full lifecycle of private equity portfolio management. Cvc capital partners is tapping its flagship and growth funds to make a majority investment in cloudbased financial administration provider vitech systems. I am excited by what this means for our software, our services, our clients and our employees. Cvc capital partners acquires vitech systems group 201906. Vitechs software, v3, is available as a cloudbased solution via vitechs awsbased v3locity platform. Intralinks we are the standard for trusted collaboration among networks of business professionals. Jun 10, 2019 vitechs software, v3, is available as a cloudbased solution via vitechs awsbased v3locityplatform.
Software and solutions for retirement, healthcare, group benefit administration, private equity, hedge, and alternative asset administration. Equitrak fund and investment administration software. All content is posted anonymously by employees working at vitech systems group. Vitech systems group 401 park ave s fl 12, new york, new york 10016. When i take a walk around the office most employees here look miserable. Mar 15, 2018 chad collins, the ceo of highjump, made the case for patient capital when trying to grow a software company. Cvc taps flagship fund, growth vehicle for vitech systems. Fund management vitech vitech administration software. Vitechs software is a leader in its industry which has fostered strong relationships with. Clearsight supports vitech in its partnership with cvc.
Old software typically has the advantage of having the bugs. Vitech is a global firm of over 1,200 professionals that serves many of the worlds leading pension, insurance and investment organisations. Portfolio management v3 optimizes the management of your investment portfolios by leveraging realtime transaction processing. A complete software solution that automates investor reporting processes for private equity, venture capital and. Jun 10, 2019 cvc capital partners has agreed to purchase a majority stake in vitech systems group, a new yorkbased provider of cloudbased financial administration software for pension, insurance and investment organizations. Aug 05, 2019 vitech systems asia private limited is a private incorporated on 18 september 2003. Chris colpitts, senior managing director at cvc said, we have been impressed by vitechs. Whether you are a general partner, fund administrator, limited partner, fund of funds, or transfer agent, v3 for investment enables your organization to improve operating.
Vitech systems group, inc equitrak fund and investment. Private equity firms have set their sights on a new wave of software companies hitting the buyout market. Investindustrial advisors, investment manager to the investindustrial private equity funds, has chosen sungards investran private equity software solution to provide a centralized accounting and reporting solution across its funds as well as enhance its investor reporting capabilities. V3s 360 degree drill through capabilities allow holdings to be viewed by fund across investments, by investment across funds, by investor across funds and by fund across investors.
Vitech to partner with cvc capital partners for next phase of. Oct 05, 2017 its been said that private equity has a crush on technology. Altassets has been serving the global private equity industry for over a. Private equity v3 helps automate key front office operations such as deal flow management, investment monitoring, and fund raising as well as back office operations such as capital calldistribution processing, fee and carry calculations, and financial accounting with reporting. Vitech competitors, revenue and employees owler company profile. Vitech systems group hiring controller in new york, new york. We are comfortable making minority or majority investments and seek to partner with business owners and managers who share our focus on longterm value creation. You wont be working with any modern technology at vitech whatsoever, and your job skills and career will suffer for it. Superreturn international is the worlds largest private equity and venture capital event, attracting key figures in private equity to discuss how the industry is evolving in the new. Experienced software private equity firm llr partners. Vitech, equitrak, private equity, pe, venture capital, vc, leveraged. Since vitech was founded in 1986, it has participated in 1 round of funding. Vitech to exhibit at the 2018 superreturn international. Equitrak fund and investment administration software vendor.
Our enterprise software platform, v3locity, carries out this mission by. They serve insurance, retirement and investment organizations and our over 100 clients include the premier entities in each of our markets. It is classified as nongovt company and is registered at registrar of companies. Vitec is market leader for vertical market software in the nordic region. Software company owners choose seg to sell their businesses because of our. Founded in 1981, cvc today has a network of 24 offices and over 500 employees. Fundcounts flexible accounting software handles the complex requirements and reporting obligations of private equity funds with clarity, accuracy and efficiency. Private equity vitech vitech administration software. Jun 06, 2019 vitech systems group, a leading provider of cloudbased financial administration solutions, announced today that the firm has signed a definitive agreement with funds advised by cvc capital partners under which cvc fund vii and cvc growth partners will make a majority investment in the new yorkbased technology firm. V3 is a flexible, fronttoback fund management software solution for complex. Founded in 2009, holland mountain is the leading european consulting firm delivering operational improvements and maximising efficiency in the private equity, private debt, real estate and infrastructure sectors. Vitech to sponsor 2017 private equity europe forum.
Vitech systems group hiring controller in new york, new. Vitech systems group, a leading provider of cloudbased financial administration solutions, announced today that the firm has signed a definitive agreement with funds advised. Private equity firms need a product suite that consolidates, integrates and organizes data to meet increasing demands of investors and drive greater operational efficiency. The top 10 competitors in vitech s competitive set are lynchval systems, eis group, sagitec, activus, ez custom software solutions, acturis, fineos, guidewire, majesco and grandhood. Apr 16, 2017 we are, in hindsight, conservative because this is the first time that you have the largescale tech software assets available to private equity. They refer us to others because we deliver extraordinary results. The fund focuses on middlemarket highgrowth companies in the software and technologyenabled business services sectors.
We are, in hindsight, conservative because this is the first time that you have the largescale tech software assets available to private equity. Vitech is one of the worlds leading providers of administration software to pension, investment, insurance and health plan administrators. Jun 10, 2016 private equity firms, long known in technology for taking staid businesses and milking them for cash, are trying their hand at cloud software. Fundwave makes software for venture capital, private equity and other close ended funds. Sungard has been named private equity software provider of the year for the second consecutive year by private equity news at its annual awards for excellence in private equity advisory services. Today, private equity firms large and small are investing heavily in the software space and are doing so at a rapid pace. Vitec was established in 1985 as a spinoff company from the university of umea.
Vitech systems group computer software new york, ny 14,677 followers vitech is a provider of cloudnative administration software to retirement, insurance and investment organizations. May 16, 2017 private equity firms have set their sights on a new wave of software companies hitting the buyout market. Prnewswire vitech systems group, a leading provider of cloudbased financial. Vitechs v3 software is specifically designed to address the unique needs of insurance, retirement and investment organizations. Chris colpitts, senior managing director at cvc said, we have been impressed by vitech s offerings and success to date, and are excited to partner with frank and his excellent management team in the next phase of growth. At the intersection of technology and private equity. Why private equity is buying up software companies cnbc. What is the best private equity software used by private. Cvc capital partners acquires vitech systems group 2019. Vitech to partner with cvc capital partners for next phase. Cvc capital partners has agreed to purchase a majority stake in vitech systems group, a new yorkbased provider of cloudbased financial administration software for. Vitechs software, v3, is available as a cloudbased solution via vitechs. Founded in 1981, cvc today has a network of 24 offices and over 500 employees throughout europe. Founded in 2009, holland mountain is the leading european consulting firm delivering operational improvements and maximising efficiency in the private equity, private debt, real estate and.
Vitech to partner with cvc capital partners for next. Vitech is a global firm of over 1,200 professionals that serves many of the worlds leading pension, insurance and investment organizations. V3 helps to improve market agility, raise service levels and streamline operations, while consolidating and modernizing legacy administration platforms. V3 also provides the ability to load and track company portfolio financial information, allowing individuals to perform complex variance and performance analysis from a single point of origin.
Chad collins, the ceo of highjump, made the case for patient capital when trying to grow a software company. Holland mountain leading private capital consulting firm. Private equity investment in the software industry once upon a time in the investment universe, the software industry was the proprietary domain of venture capital firms. Vitech s v3 software is specifically designed to address the unique needs of insurance, retirement and investment organizations. Vitech to partner with cvc capital partners for next phase of growth. I am excited by what this means for our software, our services, our clients and. Feb 26, 2018 superreturn international is the worlds largest private equity and venture capital event, attracting key figures in private equity to discuss how the industry is evolving in the new economic and. Although investments in such companies have the potential to. Vitech names hope nawada director of investment solutions from the press release. Private equity bets big on software financial times. Equitrak is a stateoftheindustry administration solution specifically designed to meet the unique business needs of investment. Vitech competitors, revenue and employees owler company.
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