New York (HedgeCo.net) – Fundspire, a cloud-based technology provider of performance analytics and reporting for the hedge fund industry, announced record revenue as well as significant client, product and employee growth in 2011.
“We are very pleased to have had an excellent year in 2011 despite the European credit crisis which affected the hedge fund industry,” Christophe Frèrebeau, Chief Executive Officer, said. “We were fortunate to have won a record number of new clients for our analytics platform while retaining 100% of our existing clients.”
Fundspire added a record number of new hedge funds, fund of funds, family offices, advisors and other institutional investors as clients in 2011, growing its global user base in excess of 400 users. About 60% of the new business came from competitive systems that were not cloud based.
In January 2012, Fundspire also opened a new regional office in Chicago allowing it to better serve the US markets. “We’re very serious about expanding our presence and are excited to be able to service and support the asset management community,” Frèrebeau concluded.
Alex Akesson
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alex@hedgeco.net
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