SINGAPORE, May 13, 2013 /PRNewswire/ -- eFront, a leading software provider of financial solutions for managing alternative investments, is pleased to announce a major new client, one of the largest venture capital firms in East Asia. The firm, SBCVC, will use eFront FrontInvest to automate its entire front to back-office operations to serve both global and local needs.
SBCVC was established in 2000 and is a leading venture capital firm in Asia, with its offices in Singapore, Shanghai, Beijing, Suzhou, Tianjin and Taipei. The firm focuses on the information technologies, healthcare, cleantech, new materials, consumer, and retail sectors, investing in high-potential companies in the early growth/expansion and pre-IPO stages.
"Our goal was to adopt a solution to support our global operations, enable and streamline our fund portfolio management, and improve our investor communications," commented Kathy Chen, Partner and Chief Financial Officer of SBCVC. "We expect eFront to offer us a complete solution, adapted to our global and Greater China markets, with out-of-the-box best practices and a fast implementation."
SBCVC will be using the eFront end-to-end FrontInvest solution, including the Deal Flow Management, Portfolio Management, Fund Management, Investor Management and Fund Accounting / General Ledger modules.
"eFront has a significant client base among Chinese alternative investment players, making us the preferred vendor among private equity firms in Greater China," said Henry Lin, eFront Sales Director for Greater China. "This is due to our strong local presence, our uninterrupted efforts and investments in China and our understanding of the Chinese market."
About SB China Venture Capital (SBCVC)
Established in 2000, SBCVC is a leading venture capital firm in Asia with headquarters in Singapore and with additional offices in Shanghai, China; Beijing, China; Suzhou, China; Tianjin, China; and Taipei. The firm strives to help outstanding entrepreneurs to build world-class companies. SBCVC has successful track records for both entrepreneurship and investment. In addition to capital, the SBCVC team leverages its rich experience in investment, global network operations, and China know-how, to assist its portfolios. SBCVC invests in various industries, including information technologies, healthcare, cleantech, new materials, consumer, and retail, etc. for high potential companies in early growth/expansion, and pre-IPO stages. For more information, go to http://www.sbcvc.com.
About eFront
eFront is a leading software provider of end-to-end solutions dedicated to the financial services industry with a recognized expertise in enterprise risk management and alternative investments. eFront's solutions serve more than 450 customers in 40 countries, including companies in the private equity, real estate investment, banking and insurance sectors. eFront's primary product suites, FrontInvest, Investment Cafe, Pevara, FrontCRM and FrontGRC, offer tightly integrated solutions for streamlining the management of alternative investments and corporate risk. Founded in 1999, eFront services clients worldwide from offices in Asia, Europe, the Middle East and North America. For more information visit www.efront.com and follow us on LinkedIn at www.linkedin.com/company/efront.
CONTACT: Diana Kearns, 646-202-9845, diana.kearns@aspectuspr.com
