Contact Information: Contact: Murtuza Vasowalla VP of Product Marketing +1 (781) 224-7893
Vestmark Expands Operations With the Opening of Its West Coast Office in California
Customer Growth, Increased Interest in Vestmark's Solutions, and Vestmark's Continuing Commitment to Superior Service and Support Have Led Vestmark to Expand Its Operations With a Local Presence on the West Coast
| Source: Vestmark, Inc.
WAKEFIELD, MA -- (MARKET WIRE) -- February 26, 2007 -- Vestmark, the leading innovator in the
managed account solutions platform market, today announced the opening of
its west coast office in California. The new office in Oakland, California
in the Bay Area is a result of Vestmark's commitment to delivering superior
service and support to its growing customer base.
Vestmark has increased momentum in the fast-growing managed accounts
market, highlighted by strong customer growth, an expanded connectivity
offering, and increased functionality. This growth has been driven by the
product innovation, compliance support and operational efficiencies that
the Vestmark Managed Accounts Platform (VMAP) provides to Vestmark
customers and partners.
"Vestmark has a very healthy pipeline of implementations and conversions
for VMAP. Our growing customer base in the western United States,
particularly California, can now be serviced locally," says John Lunny,
Chief Operating Officer of Vestmark. "Our California office is staffed with
Relationship Management and Customer Engineering functions and will
primarily provide service and support functions to our customers."
VMAP is a modern, web-based technology platform providing complete
functionality and connectivity for investment managers, overlay managers,
sponsors, and operations outsourcing service providers. VMAP was designed
from inception to support the scalability, efficiency, and product
flexibility requirements of the managed accounts industry. Operations
outsourcing service providers using the Vestmark platform are able to offer
a higher degree of service and operational efficiency to investment
managers, overlay managers, and sponsors.
Vestmark was awarded Best Places to Work by the Boston Business Journal in
June 2006. The honor recognizes the company's achievements in creating a
positive work environment and culture that drives highly engaged employees
and outstanding business results while giving employees the ability to
achieve a work-life balance.
About Vestmark
Vestmark is a technology platform provider for investment managers, overlay
managers, sponsors, and operations outsourcing service providers in the
managed accounts industry. Vestmark's solution enables greater product
innovation, compliance, and increased operational efficiency. The Vestmark
Managed Accounts Platform (VMAP) is a modern, web-based technology platform
providing complete functionality and connectivity for investment managers,
overlay managers, sponsors, and operations outsourcing service providers.
VMAP was designed from inception to support the scalability, efficiency,
and product flexibility requirements of the managed accounts industry.
Vestmark is headquartered in metropolitan Boston, Massachusetts with
offices in Oakland, California. For more information about Vestmark's
managed account solutions, please call 781-224-3640, email
info@vestmark.com, or visit www.vestmark.com.