eFront, a leading software provider of financial solutions for managing alternative investments, has announced their plans to acquire DMLT, the market-leading provider of investor reporting and portal services for the alternative asset community.
DMLT’s proven investor communication products, solid customer base and well-run operations are a powerful complement to eFront’s deep suite of fund management and back office solutions as well as its global operations.
North American Expansion - eFront, a company with origins in Europe, has a strong and fast-growing presence in North America. This is now greatly enhanced with DMLT’s expansive North American operations and customer base.
Global Growth - eFront will be able to take the Investment Café investor reporting and portal solutions worldwide, to regions where DMLT does not yet have an established presence.
Strategic Vision - Working together, the two company’s solutions – Investment Café, FrontInvest, FrontAnalytics and Pevara – will become the foundation for the next generation of communication portals to manage the industry’s increasingly complex requirements for transferring and analyzing data.
DMLT / Investment Café will continue to operate as an independent division of eFront and the Investment Café branding will persist.
Learn more about the acquisition by reading the press release.
Learn more about eFront on their website: www.efront.com.
Investment Café is an independent company offering a suite of web-based financial reporting and fundraising products to the alternative asset community. With offices in New York, Hong Kong, Chicago, Florida, and India, Investment Café serves firms managing over $150 billion in capital commitments with over 46,000 investors in more than 120 countries.
Our flagship product, the Investment Café Reporting System, is a system of choice for many of the world's largest alternative asset firms, as well as leading middle market firms, as it addresses the unique needs of the investor, and provides tools that significantly reduce the burden of fund administration.
In addition to serving the private equity industry, Investment Café also offers its reporting systems within the alternative investment arena to real estate, venture, mezzanine, debt, hedge funds, fund-of-funds and fundless sponsors.
Investment Café was the former technology arm for DML Fund Services, a large fund administrator to the alternative investment industry. Founded in 2001, Investment Café saw firsthand the inefficiencies of fund administration.
Tasked to dramatically improve efficiencies, we were asked to experience the mundane and often repetitive tasks of administration - participating in envelope-stuffing parties late at night in the conference room; sitting side-by-side with employees as they field a request from an investor on a Friday at 5:00 p.m. for historical information; feeling the temperature of the room elevate when the deal team revises the already approved capital call notice at 8:00 p.m.; standing in front of the fax machine and wonder whether or not the investor received the information; auditors making another edit to the annual financials.
The inefficiencies, the fire drills, the hurdles and speed bumps all in the name of fund administration - we knew life could be much better for the accounting and administration staff if there were better tools and processes. Investment Café responded and built a premier reporting and fundraising system.
Thanks to Investment Café, sponsors from around the globe now have the tools that reflect the brightest minds and most efficient operations available. In fact, many sponsors have commented that Investment Café is the only firm that understands the real needs of the accounting and administration staff.
See how life is better at Investment Café. Call (212) 213-0153 or email firstname.lastname@example.org for an online presentation.