This Week’s Vendor News

NEW & UPDATED PRODUCTS

Verivend's newest products, the Verivend Strategic Services & White Glove Support, are now live. With Verivend's Strategic Services, it is designed to take users beyond the core platform. Users can mix and match modular services within Verivend to meet specific needs, investor demands, and compliance requirements. Verivend's Strategic Services include: 1 - Entity Formation 2 - Compliance Support 3 - Accounting & Taxes 4 - Migrate to Verivend. The Verivend White Glove Services is a fully outsourced service level for those who prefer a hands-off approach. ↗

CB Insights has unveiled new features on its platform. The first is Conversational Insights BETA so users can ask questions and get data-driven answers. The next is, predict IPO and M&A outcomes with Exit Probability. This feature is for spotting everything from investment opportunities to supply chain risks. Exit Probability delivers timely and reliable insights into a company’s IPO and M&A probabilities within the next 2 years. The next new feature is Company Outlook, which consists of three proprietary metrics to show where a company is in its lifecycle (Commercial Maturity), its performance over time (Mosaic Health), and its future trajectory (Exit Probability). Available on profiles and as search filters, this is a new way to identify, evaluate, and prioritize companies. ↗

Drawbridge is expanding its Cyber Advisory capabilities in order to help clients manage the increasing demands of cybersecurity. The expansion spans staff additions and the client platform integration of Track, a workflow tool used by Drawbridge to manage cyber programs. Track lets Drawbridge clients access the status of their program in real-time and provides a common workspace when speaking with Drawbridge’s Advisory Team to scope, track and plan components of their cyber programs. ↗

InvestorFlow's latest update includes an improved Email Add-In, which allows users to add interactions and related records to their CRM without leaving their inbox or calendar, making the data entry process fast and intuitive. With better workflows and customizable configuration, Email Add-In improves alignment across teams and meets individual needs as well. ↗

Allvue Systems has launched its new Fundraising Software, designed to address the competition for capital and the challenges of effective fundraising. This new fundraising tool streamlines the fundraising lifecycle and enhances operational efficiency, delivering a professional experience for firms of all sizes and their prospective LPs. Allvue’s Fundraising solution features Fundraising Portal and Fundraising Pipeline modules. The Fundraising Portal serves as a centralized hub where prospective investors can access active fundraising. The Fundraising Pipeline module gives GPs a 360° view of each prospective investor to accelerate their fundraising process. ↗

DiligenceVault has introduced its enhanced DiligenceVault platform that prioritizes accessibility and inclusivity. Features include: an upgraded interface featuring high-contrast colors, improved readability, and intuitive navigation. Highlights include: WCAG-compliant visual interface, enhanced cognitive accessibility, easier user experience for all users and equal access web accessibility. ↗

S&P Capital IQ has a new platform release, in which it added new datasets and tools on Capital IQ Pro designed to enhance daily workflows. New and upgraded features include: 1 - Improved Search capabilities to make it easier to discover relevant information on the platform, including company logos, company information cards, recommended news articles, and improved relevancy. 2 - S&P has enhanced its Corporates and Sovereign Bonds page with improved visualizations for Governments, Agencies, and Sovereigns. 3 - It has simplified the subscription process for new IQ Newsletters, so users can sign up for a daily recap email 4 - Redesigned the Help menu to make it easier to find helpful information on the latest enhancements, training webinars, videos, and Help articles. 5 -Introduced Transcripts Trending Topics and Topical Key Phrases applications within S&P Capital IQ Pro Labs. ↗

Attio has announced that Attio Academy is now live. Attio Academy is Attio's first, hands-on video course that teaches viewers the fundamentals of Attio. Attio Academy teachers viewers how to: build out your data model, use Attio's automations engine, Create precise reports and dashboards and leverage Attio's AI-powered research agent in workflows. ↗

Dealroom.co has enhanced its platform so founders can now leverage upgraded fundraising and pitch deck features on the platform. How this works: 1 - Upload pitch deck to an investor matchmaking platform. 2 - Specify round size, closing date, and round type. 3 - Attach pitch decks, videos, and more. Additionally, users can post job openings, interviews, additional info, & more. And for business pitches: add decks, images, and links. ↗

Similarweb's Rank Tracker now tracks Google’s AI Overviews. Similarweb’s Rank Tracker now allows marketers and SEO professionals to see which keywords trigger Google’s AI Overview feature. This new feature will provide marketers with the information they need to adapt to the changing search landscape. Now users can view and filter keywords based on the presence of AI Overviews. This feature helps users stay ahead of search trends and adjust their SEO strategies effectively. ↗

DealsPlus has announced that it has launched over 100 product enhancements over the last year. Some of the most significant feature releases are as follows: 1 - Role based access across fund, portfolio, and external advisor teams. 2 - intelligent workflows, sign-offs, and cap table validation. 3 - DealsPlus has further enhanced its cap table module with the ability to track share options, loans to shareholders, external debt, and beneficial ownerships. 4 - Users can now track share options. 5 - Loans to shareholders. 6 - External Debt Tracking. 7 - Can now view both legal and beneficial ownership at each entity level and across the entire structure. This feature supports legal, accounting, KYC, and valuation workflows. 8 - Document Tracking and Detailed Transaction Logs. 9. - Equity Valuations. ↗

DEAL ACTIVITY

Riverside Acceleration Capital has announced its recent investment in Infrrd. No other details have been provided yet. Riverside feels that the need for intelligent data processing will only continue to grow, and it looks forward to supporting Infrrd as they help businesses globally unlock new levels of productivity and accuracy. ↗

Stellex Capital acquires Fincentric from S&P Global. Fincentric joined S&P Global after its merger with IHS Markit in 2022. As part of the acquisition, Fincentric will be combined with Just Build It (JBI) company Communify. Fincentric will be integrated with Communify’s automation and client management services to form Communify Fincentric. The acquisition is expected to close sometime in the last few months of 2024 into 2025. ↗

Vestlane is congratulating UVC Partners on the successful close of their €250 million Fund IV. Vestlane helped navigate the legal and regulatory complexities of investor onboarding for UVC Partners. ↗

PARTNERSHIPS & INTEGRATIONS

Edda has launched two new integrations, with Teams and Slack. Users can now create centralized notifications in their preferred messaging app for everything from new company applications to follow-up reminders. ↗

FundCount has a new integration with Plaid. This partnership will enable automated transaction imports from North American banks directly into FundCount. This enhancement is part of FundCount's commitment to improving the efficiency and accuracy of financial data management. ↗

Sales Xceleration has launched its SalesPlaybookXpert AI – Powered by KnowledgeNet.ai. SPXAI is trained for each client’s sales processes, buyer personas, and value propositions. This tailored approach makes it an ideal solution for businesses seeking to improve their sales strategies. SalesPlaybookXpert AI Impacts on Business Efficiency: increase efficiency, custom assistants, precision fine-tuning, done-for-you services and custom knowledge base. SPXAI is available now through a Sales Xceleration Advisor, with tailored pricing depending on the package. ↗

Kayne Anderson has expanded its relationship with CAIS by bringing two new strategies onto the platform. Kayne Anderson Kayne Anderson is an alternative investment management firm, with 40 years of experience in the real estate, energy and energy infrastructure, and credit sectors. ↗

Bunch has partnered with with Auxxo Female Catalyst Fund, in order for the fund to build on the bunch platform. Based in Berlin, the Auxxo Female Catalyst Fund invests in pre-seed and seed female-founded startups in Europe. ↗

Asset Class has been selected by Borgman Capital to provide investor & fund management and deal & portfolio management solutions. Borgman Capital will enhance their operations utilizing the Asset Class Fund Operating System to streamline digital onboarding for investors, provide comprehensive reporting, and efficient handling of their investment management processes. Also, real-time investor activity tracking and enhanced data functions will lead to operational efficiency and accuracy. This solution also includes deal flow tracking, due diligence management, and portfolio self-reporting capabilities. ↗

Saudi Arabia’s National Development Fund has appointed Northern Trust to manage over $16 billion in AUM. Northern Trust will act as custodian for the NDF’s holdings, and the role includes consolidating assets from development funds and banks, enhancing financial transparency, and streamlining operations. This is expected to reduce costs, boost effectiveness, and improve financial security. ↗

Asset Class has signed an agreement with Avellinia Capital to implement its IFM Investor Fund Management solution. Asset Class’s Investor & Fund Management solution will enhance Avellinia Capital’s operations by providing streamlined digital onboarding for investors, comprehensive reporting, and efficient handling of capital calls and distributions. Additionally, real-time investor activity tracking and enhanced data functions will lead to operational efficiency and accuracy. ↗

MassMutual has adopted +SUBSCRIBE’s alternative investment platform to help centralize and operate private market offerings. The SUBSCRIBE platform is now available to financial advisors affiliated with MML Investors Services, an independent broker/dealer and investment adviser subsidiary of MassMutual. ↗

Gi Group UK has selected Xpedition to support and manage its UK & Ireland Microsoft platform. Xpedition has already helped Gi Group to onboard two acquisitions, migrating data and transactions to Navision and integrating an Accounts Payable package. Xpedition’s agreement with Gi Group includes on-going support and maintenance with a time and materials option for project-based work. Additionally, As Gi Group continues to acquire businesses, Xpedition will assist in a seamless onboarding of the financial aspects of the mergers and will help Gi Group UK to move to the cloud-based solution Microsoft Dynamics Business Central. ↗

Konpo has partnered with Vestlane. Following its recent rebranding, Konpo is working with Vestlane to design parts of their brand and marketing websites. ↗

OFFICE & PERSONNEL

Quantium has appointed Bryan Botha as Sales Director for North America, based in San Francisco. With over 20 years of experience in sales leadership, Botha will play a role in driving Quantium’s expansion in the North American market. In his previous role, Botha spearheaded global sales efforts at Ark, and was responsible for crafting and executing strategies that delivered value to clients across the capital markets. Prior to this, he was instrumental in shaping Allvue’s go-to-market strategy, leading to increases in revenue and market share. Earlier in his career, Botha held roles at SunGard and PwC, where he gained experience in financial services and technology. ↗

Standard Metrics has recently onboarded its new Head of Engineering, Mandar Gaitonde. Gaitonde's initial background is in financial data, having worked at Moody’s and the Chicago Mercantile Exchange earlier in his career before jumping into engineering leadership roles at Checkr, Propelo, and Datapeople. ↗

Derek Wilhelm has joined Quantium as its VP of Client Solutions. Before joining Quantium, Wilhelm spent five years at Huge, where he most recently held the role of Director, Program Delivery. ↗

Erin O'Leary is the new Social Media Manager at +SUBSCRIBE. ↗

Nazhat Vitale has started a new position as Director, Talent Management & Development at Ontra. Before joining Ontra, Vitale was a Senior Manager, Learning & Development at Carta for more than three years. ↗

Linnovate Partners is growing its presence in Asia with the launch of a new office in Manila, Philippines. Situated in Tower 2 of Ayala Triangle Gardens in the Makati central business district, the Manila office will function as an operational center serving Linnovate’s international client portfolio. The Manila location will play a key role in ensuring round-the-clock availability of services. The team will provide back-office assistance alongside Linnovate’s other global offices around the world. ↗

Robin AI hires Allan Walters as Chief Revenue Officer. Walters will report to CEO Richard Robinson, and join Robin’s senior leadership team, overseeing Sales, Customer Success, and Marketing. Walters’ career includes time with Siebel, Salesforce, Workday and Twilio. ‍ ↗

Decimal Point Analytics has welcomed Sameer Kulkarni as its new Senior Vice President of the IT Infra team. With a 27-year career in the technology sector, Kulkarni brings experience in ICT infrastructure, cloud strategy, and cyber security. As SVP at Decimal Point Analytics, Kulkarni will lead the implementation of its IT Infra, Cloud, and Security roadmap, driving innovation while ensuring scalability in its infrastructure. ↗

Rob Stewart has started his new position as Controller at Stavtar Solutions. Before joining Stavtar, Stewart spent the last four years at Deloitte. ↗

James O'Leary has started a new role as Vice President of Customer Success (Americas) at Anaplan. O'Leary has been with Anaplan for the last 6.5 years. Before joining Anaplan, he spent time at Geller & Company as its CFO and was also the Vice President, Global Head of Sales & Marketing Finance Vice President at PineBridge Investments. ↗

Northern Trust has moved to a new location in NYC. This new location at Lever House will provide increased meeting space for Northern Trust teams. This move is a continuation of Northern Trust’s investment in New York – in its clients, advisors, partners, teams and the wider community. ↗

VENDOR RESEARCH & WHITEPAPERS

Cyndx has a new blog, "AI Is Shaping the Future of Private Equity and M&A Deal Sourcing". In this blog, Cyndx goes over seven private equity deal sourcing trends and five challenges in private equity deal sourcing. ↗

Tablecloth has a new article, "Sustainable or Suspect? The Data Dilemma for Private Companies". In this article Tablecloth goes over four seasons why it's tricky for investors to get their hands on and compare sustainability data, especially for private companies. Tablecloth also gives four solutions to the sustainability data dilemma. ↗

Owlin has a new blog, "Adverse media check? Why a Google Search isn’t enough". In this blog, Owlin goes over what adverse media monitoring is and gives 10 reasons why a Google Search isn’t enough for adverse media monitoring. ↗

Arcesium has a new blog, "Escape the Shackles of Your Legacy Data Platform". In this blog, Arcesium goes over five signs your systems need an upgrade and eight considerations on how to execute a successful technology migration. ↗

AWARDS

Zapflow has been recognized by Tekpon as one of the Top Equity Management Software solutions for 2024. ↗

FIS has been recognized with the India CSR Award for the SheVentures Women Empowerment Program. Launched in July 4 2023 at the India Habitat Centre, SheVentures, which is part of FIS’ strategic Corporate Social Responsibility (CSR) program in India, enables aspiring women entrepreneurs to build their own brands and grow their businesses. SheVentures provides training for women business owners in critical business, banking, marketing and technology skills to improve their business results while reducing gender inequality and promoting financial empowerment and inclusion. To date, program participants have seen a 40% increase in their income. ↗