Despite market volatility and uncertainty among the investors Digiterre, software provider to the investment management industry, managed to achieve significant increase in third quarter revenues.
Compared to the financial results of Q3 2008 this year proved to be a movemrnt forward. New sales of Digiterres workflow and relationship management system dCRM, both to recent start-ups and to larger, more mature hedge funds and investment managers contributed much to companys profits. Only in this quarter dCRM was implemented by three new hedge funds.
Larger, more mature hedge funds and institutional asset managers see the need to provide a single view of investor performance and behavior at a glance, says Ian Murrin, founder and CEO, Digiterre. In particular they want to see the current valuation of each investors holdings by share class, their full transaction history and their liquidity profile. dCRMs Fund Flows Module produces these reports literally at the touch of a button, hence the strong demand for the product among institutional class managers.
L.D.