SEOUL, South Korea, Jan. 8, 2013 /PRNewswire/ -- eFront, a leading software provider of financial solutions for managing alternative investments, is pleased to announce that IMM Private Equity, Inc., a leading South Korean private equity firm, has chosen FrontInvest and FrontAnalytics as its portfolio management and analytics solutions.
eFront's new client, IMM Private Equity, Inc., is among the leading private equity firms in South Korea with $1.4 billion (1.5 trillion KRW) of assets currently under management. IMM Private Equity adds to eFront's customer base in South Korea and its list of leading Asian GPs. The firm's focus is on growth capital and special situation private equity investments.
"IMM Private Equity needed a solution to cover our portfolio management relating to private equity investments", commented Jin Hee Jang, a Director at IMM Private Equity. "We also needed fund and investor information management capabilities. eFront's solutions directly met all of our requirements."
The implementation of FrontInvest and FrontAnalytics is planned to go-live in Q1 2013. The solutions will automate IMM Private Equity's operational activity and enhance reporting and general portfolio management activities.
"We're delighted to expand our presence in South Korea with IMM Private Equity," said Tarek Chouman, COO, eFront Asia & Middle East. "The South Korean market is strongly championing rapid expansion in alternative investments and private equity businesses and it presents a great opportunity to serve new customers with eFront's superior solutions."
About IMM Private Equity
Established in September 2006 with founding partners who have strong track records in corporate restructuring and private investments, IMM Private Equity today is one of the leading private equity firms in Korea with KRW 1.5 trillion of capital under management. IMM Private Equity focuses on growth capital and special situation private equity investments involving Korean large conglomerates and SMEs with the fundamental principle of identifying attractive investments which have a high growth potential and a control or value creation theme.
About eFront
eFront is a leading software provider of solutions dedicated to the financial industry with a recognized expertise in alternative investments and enterprise risk management. eFront's solutions serve more than 400 customers across more than 40 countries, including companies in the private equity, real estate investment, banking and insurance sectors. eFront's product suites, FrontInvest™, FrontAnalytics™, the Investment Cafe™ Investor Portal, Pevara, FrontCRM™ and FrontERM™, offer tightly integrated solutions for managing 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 http://www.efront.com and http://www.investmentcafe.com.
