Advent International, the global private equity firm, has selected SunGard's Investran to help improve its financial reporting capabilities and provide greater transparency to investors.
Investran is an award-winning solution suite that helps automate front-, middle- and back-office processes for private equity and other alternative investment firms.
Advent International, which focuses on international buyouts, strategic repositioning opportunities, and growth investments, needed a solution that would help it efficiently manage an increasing flow of transactional data to an array of investors. Advent International selected Investran to help it automate accounting workflow and streamline operations onto a single, integrated platform.
"Advent's tremendous growth and success, the dramatic changes in the private equity industry, and huge advances in Private Equity technology platforms are creating opportunities for Advent to enhance our reporting," said Eileen Sivolella, chief financial officer of Advent International. "Investran will help Advent add to the service levels for our investors and scale to accommodate for growth."
"SunGard's dedicated team brings not only robust systems expertise, but also a deep understanding of current industry topics and trends," added Michael Ristaino, vice president, Fund Administration at Advent International.
"Advent International joins a growing number of private equity firms that are looking to streamline their operations," said Lauren Iaslovits, chief operating officer for SunGard's Investran business unit. "Investran will help Advent International automate processes, increase productivity and improve client service."