NEW YORK, Dec. 15, 2010 (GLOBE NEWSWIRE) -- Navatar Group, a global cloud service provider, today announced that High Street Capital, a Chicago-based leading private equity firm, has selected Navatar Private Equity Cloud to manage their fundraising, deal flow, portfolio and capital calls/distributions.
Navatar Private Equity provides all of this functionality out of the box. It runs entirely in salesforce.com's cloud and is available for a low monthly fee. Its flexible reporting engine can be easily used by non-technical staff to generate reports. A demo is available at:
http://sites.force.com/appexchange/listingDetail?listingId=a0N300000016b7MEAQ
Private Equity firms do not have to spend any money on consulting. Navatar Group provides all implementation services, accounts/contacts migration, training, maintenance and support free of charge.
Navatar Private Equity enables firms to:
- Manage fund lifecycle
- Identify potential investors for a fund
- Track investor commitments
- Manage commitment transfers
- Manage co-investments
- Track side letters and limited partner agreements
- Identify correspondence for each fund
- Track deal flow / deals in the pipeline
- Manage Capital Calls & Distributions
- Track portfolio company performance
- Manage Fund of Funds portfolio
- Stay connected anywhere – BlackBerry, iPhone, PDA
- Fully integrate with MS Outlook and MS Exchange
"Cloud Computing has arrived for Private Equity. Firms can now start using a pre-built solution for their CRM and operations for one small monthly fee – no capital expenditure, no implementation costs, free upgrades and zero maintenance costs," said Ketan Khandkar, Principal, Navatar Group.
Navatar Private Equity runs on most editions of salesforce.com's service. There is no other software, hardware, subscription or services needed. All code as well as client data is encrypted and stored on salesforce.com servers.
Live Demo
For a live demo of Navatar Private Equity, and to learn about our special promotions, contact 212 461 2140 or sales@navatargroup.com.
About Navatar Group
Navatar Group (http://www.navatargroup.com) is a longtime partner and value-added reseller of salesforce.com and a global cloud service provider. One of the first to bring Wall Street experience to Cloud Computing, Navatar Group is a leading provider of Force.com solutions for the financial sector. Navatar's financial cloud solutions for Capital Markets, Asset Management & Banking are used by firms such as Jefferies & Co, Transparent Value (a Guggenheim Partners company) and MidOcean Partners. Founded by veterans of Deloitte Consulting, Navatar Group has also enabled several large companies develop, market and support commercial cloud products. Navatar Group is 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