Activity
News
12/17/08End of Year, 2008
AnalytX ends the year with a projected 20% increase in recurring revenues over 2007. Per Harry Asher, CFO of AnalytX: “Despite the state of capital markets today, we have had a good year. We come into the New Year with solid cash balances, zero debt on the balance sheet and remain guardedly optimistic about 2009.” Elaborating on AnalytX core business strategy “ In the New Year, our team is excited about new technology and service offerings for release in 2009 and due to a stable revenue base, we are exceptionally well positioned to pursue these objectives.”
11/01/08AnalytX Moves Up to Top Floor in London
AnalytX has resided 6 years at the 223 Regent Street address. It’s a wonderful location, in the heart of the London West End. We are also very close to many of our London based clients - accessible by foot.
Recently, we moved up to the 6th floor. We also renovated the space, striving for an elegant, practical decor. The image above was captured from of our conference room window; and of course; the rooftop views of London always inspire.
08/17/08End of Summer Days, 2008
The first two weeks of August have been unusually busy for this time of year. New clients include: (1) Key Ridgewood: A multi family office in the Florida Keys; (2) D.E. Shaw: One of the largest and most prestigious hedge funds in the world out of New York, and (3) Virgin Green, a venture capital fund dedicated to green companies out of both San Francisco and London.
On the servicing side, the DBA team is busy with over 12 upload projects, the reports team has over 95 reports in queue and the service team is busy with a multitude of new engagements. In addition, three waterfall engagements are currently being modeled using the AnalytX waterfall rules engine.
On a lighter note: Much of our team managed to sneak in holidays as well this summer. However, European staff vacationing in the Greek Islands caused much envy amongst the US crew vacationing in places including, but not limited to, Wildwood New Jersey.
08/15/08Successful Palo Alto Workshops
AnalytX reports highly successful workshops in Palo Alto for prospective clients. Also, many of our 70 + West Coast clients were in attendance at the CFO conference and, as always, we enjoyed seeing them at our booth. Last, AnalytX welcomes five new Bay Area clients signed on over the summer.
06/17/08IOCapture Prototype in Early Testing
IOCapture will change the way PE firms perform their business
Challenges prevalent in managing illiquid assets revolve around the timeliness and the accuracy of asset snapshot information. Because information regarding private investments is not publically available, the capture and verification of up-to-date information about underlying assets is a material challenge. A proper solution must utilize the WWW to acquire asset snapshot information at the source combined with a robust approach to authenticate uploaded data before making it a part of the permanent record.
Fundamentally, IOCapture will change the way PE firms perform their business by dominating two aspects of private equity operations: (1) Deal Origination on the web using info forms, and (2) Asset monitoring updates from portfolio companies or investment managers. For the prior, IOCapture makes it possible for a prospective company to log in a request for review of a business plan. For portfolio companies, functions such as contact info, correspondence roles, financial statements, KPI template request, and general document submittal are fully automated. This not only provides more timely and accurate data originating from assets such as portfolio companies, but also creates a clean authorization audit trail by the fund manager, accepting or rejecting submitted data.
