NEW YORK, Aug. 15, 2011 (GLOBE NEWSWIRE) -- Navatar Group, a leading cloud service provider for financial services, today announced their Mutual Fund Cloud solution designed to help mutual fund wholesalers increase distribution of their asset management products such as mutual funds, exchange-traded funds (ETFs) and private investment funds, without investing in any software, hardware or expensive services. Navatar's solution provides timely and accurate fund sales and performance information for all investment products and distribution channels.
Navatar's Mutual Fund Cloud is already used by firms such as ALPS Fund Services, Jefferies & Co, and Guggenheim Partners. It seamlessly combines sophisticated sales reporting with transfer agent and broker feeds from Celera Systems. Navatar's Mutual Fund Cloud is built on salesforce.com's cloud platform and is available for a low monthly fee. A demo is available at:
http://www.navatargroup.com/financial-services-cloud/navatar-mutual-fund-CRM.php
Celera's feeds include subaccount information for tracking transactions and assets under management, as well as for SEC Rule 22c-2 monitoring. It includes all major transfer agents and intermediaries - Charles Schwab, TD Ameritrade, Pershing and many others.
Celera Systems works with each client to create and maintain customized loader converters to accommodate proprietary feeds such as separately managed accounts or additional lines of business.
"Navatar's goal is to help mutual fund wholesalers focus on increasing their assets under management, as opposed to maintaining software, hardware and data," said Alok Misra, Principal, Navatar Group. "With Celera Systems, we have created a turnkey cloud solution for mutual fund companies."
"Navatar Group is one of the leaders in providing cloud computing for financial firms," noted Mike Guinta, Principal and Director of Product Development, Celera Systems. "We are very excited about the Mutual Fund Cloud we have created with Navatar and the attention it is generating."
Live Demo
For a live, interactive demo of Navatar Mutual Fund Cloud, contact 212 461 2140 or sales@navatargroup.com.
About Navatar Group
Navatar Group (http://www.navatargroup.com) is a global cloud service provider and a top ISV partner of salesforce.com. Navatar Group provides Cloud Computing for Wall Street firms, with customers in more than 20 countries. We pioneered the concept of cloud products where customers don't pay anything for implementation or support services. Navatar's financial cloud solutions for Capital Markets, Asset Management & Banking are used by firms such as Jefferies & Co, Guggenheim Partners and MidOcean Partners. Navatar's consulting arm advises and helps ISVs migrate to the cloud. We are headquartered on Wall Street, New York with offices in Washington DC and New Delhi, India.
The Navatar Group logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6585
About Celera Systems, LLC
Celera Systems is dedicated to helping financial services institutions grow by offering World Class products designed to help maintain stability, improve market share and enhance business performance. Celera's solid, mature, proven products integrate seamlessly with end-user brand identities and are adaptable to the changing demands of the marketplace. Celera is headquartered in Mequon, WI, with offices in Novato, CA and Charlotte, NC.