- Upcoming initiatives reflect changing demands of alternative investment community
In 2016, Backstop was proud to share in the following milestones:
- The addition of 10 executives to its leadership team and advisory board including: Adam Hoit, Vice President of Product Management; Steve Au, Director of Institutional Sales, APAC; Jeffrey Axelrod, Chief Technology Officer; Tony Lai, Vice President of Relationship Management; Beth Hayden, Senior Vice President of People and Development; Deanne Folk, Vice President of Knowledge Management; John Calzaretta, Vice President of Global Accounts and Partnerships; Stephen Vondrak, Vice President of Institutional Sales and East Region Sales Manager; Tao Huang, Advisory Board Member; and Maryling Yu, Vice President of Marketing
- The addition of a seasoned industry veteran to Backstop’s Board of Directors, Tao Huang, former CTO of Morningstar, reflecting Backstop’s commitment to technology innovation for clients
- The synergistic acquisition of Cogency, Inc., which enhanced the capabilities of Backstop Accounting and received record interest and launches in 2016
- The addition of 99 new clients
- The release of 33 new features across Backstop’s comprehensive product suite, which includes six total offerings for the entire alternative investment pipeline
Some highlights from the 12 updates scheduled to launch in Q1 2017 include:
- User interface updates on report building tools and global navigation
- Client-configurable customization of Backstop’s mass document uploading capability
- Single sign-on across the Backstop suite
- Tighter integration between the Backstop CRM and the Backstop Portal
- More tailored performance analytics capable of monthly and quarterly intervals
“Backstop’s areas of focus in 2017 will set the agenda for a strong year ahead,” continued Coghill. “At Backstop, we know and understand the biggest challenges our clients in the alternative investment industry face: their time comes at a premium, and the complexity of their data adds risk to their operations. Upstream activities affect what happens downstream, so any solution must take that into account. In particular, standalone solutions do not work well in this industry. Backstop has already helped hundreds of the world’s leading alternative investment firms, totaling more than $2.5 trillion in AUM, achieve operational excellence and gain greater business agility.”
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About Backstop Solutions Group Backstop Solutions Group is a leading provider of cloud-based productivity solutions for hedge funds, funds of funds, pensions, endowments, private equity firms, consultants and family offices. Founded in 2003, Backstop created the industry’s first webbased software that empowers firms in the alternative investment management industry to adapt to change and overcome complex issues. With offices across the United States and in Europe and Asia, Backstop now serves over 700 firms worldwide, making it one of the fastest growing software providers in the financial services industry. For more information, visit www.backstopsolutions.com. Connect with us on LinkedIn.
MEDIA INQUIRIES:
Kevin Moogan
Vested
(917) 765 8720
Backstoppr@fullyvested.com
