This Week’s Vendor News

NEW & UPDATED PRODUCTS

Salesforce has launched the public beta availability of Einstein Copilot, its conversational AI Assistant for CRM. Einstein Copilot enables Salesforce users to generate responses using their own private and trusted data, while maintaining data governance. Einstein Copilot can answer questions, summarize content, create new content, interpret complex conversations, and dynamically automate tasks on behalf of a user, all from a single user experience embedded directly within Salesforce’s AI CRM applications. Einstein Copilot combines a conversational UI, a foundational large language model, and trusted company data. ↗

Carta has introduced Carta Distributions for LLCs and PE firm. Now users can manage LLC distributions with less effort and more transparency. With Carta Distributions users can: integrate cap table, waterfalls, and distributions, directly communicate with stakeholders,update invested capital balances and preferred returns in real-time and skip the spreadsheet. ↗

Owlin has released Owlin for Banks, a new solution for third-party validation and due diligence. Owlin for Banks provides onboarding, monitoring, and offboarding of third parties while ensuring compliance with regulatory requirements. ↗

Allvue has launched its Private Debt Essentials solutions for Emerging Private Debt Managers. Allvue's Private Debt Essentials solution will support emerging private debt managers with user-friendly, integrated tools to manage the user experience, from fundraising to investor onboarding to ongoing reporting. The Private Debt Essentials solution provides: portfolio management, research management, investor & investment management, investment accounting, fund accounting and an investor portal. ↗

SimilarWeb has launched a brand new feature called Backlinks Analytics. This new tool allows users to view all reports and backlink metrics for any website in the world. It also provides users with clean visualizations and historic tracking that show where you’re gaining and losing backlinks. SimilarWeb's backlink checker database, which indexes 360 trillion links across 200 million domains, are all updated daily. This feature is now available to all existing account-managed users of Similarweb, free of charge. ↗

Robin AI has launched its new Parties feature on its platform. Legal professionals can now store Parties details and add them to contracts during markup, without having to trawl through lengthy email chains to find the correct information. ↗

OneTrust has unveiled new features and platform experiences to streamline AI governance. These include: automation rules, MLOps integrations, workspaces navigation, universal consent & preference management, third-party risk exchange and enhanced due diligence, data policy engine and ethics program management. ↗

Fundwave has launched some new features on its platform. One new feature is a Crunchbase integration, in which Dealflow now automatically pulls basic company information from Crunchbase when users create a new deal. The next is collecting KPIs from your companies is now easier because with this new release, emails to portfolio companies will be sent automatically every period. The next new feature is in the new sidebar view, when you create a new asset, you can also add new sectors on the go. ↗

Salesforce has launched a new feature called Prompt Builder. Prompt Builder allows users to create trusted prompts with all your data. Users can also: generate a contact summary, create product recommendations, and draft sales emails. ↗

Dynamo has launched Auto-Tagging on its platform. Dynamo AI uses generative AI technologies to scan the content and title of emails and documents to suggest relevant tags. Auto-tagging connects all contacts, companies, deals, or funds to the relevant activity based on text identified in the title or body. Once a user accepts the tags, the email and its attachments are uploaded and made instantly accessible to colleagues via the Dynamo database. ↗

DealCloud has announced its new document ingestion service for commercial real estate offering and investment memoranda. This service automatically extracts key data from OM documents, which is then reviewed by human eyes for accuracy. Once the data has been validated, it’s transferred to a standardized Excel spreadsheet, making it simple for users to view and integrate critical deal, property, and market information. ↗

Attio has announced a number of new updates to its platform. The first is expanded automations features like recurring schedule, find records and Loop. Next, automations has a new AI feature, which automatically writes the title and description of a workflow when it goes live. Also Attio has enhanced its core pages with updated tasks, notes, emails, reports, and automations pages with new features and designs. Lastly, Attio has updated its Zapier integration. ↗

Tactyc has announced a new feature on its platform. Now users can set the clock to any point in time in the fund's history and the portfolio metrics (IRR, MOIC) will update as of that date. ↗

DEAL ACTIVITY

Verivend has raised $125K through the Launch NY Investor Network. The Investor Network deal provides Verivend with the opportunity to hit its $1M fundraising goal. Launch NY’s Investor Network is a syndicate of more than 300 investors who gain exclusive access to pre-vetted startup deals in Upstate New York with a no-cost and no-obligation setup. ↗

PARTNERSHIPS & INTEGRATIONS

Sygnum, Hamilton Lane and Apex Group have partnered together to form a cross industry project that expands global private market access to larger and more diverse groups of qualified investors. The new DLT-registered share class automates and integrates traditionally separate fund management functions, increasing both accessibility and efficiency. Leveraging Sygnum's DLT solutions, Hamilton Lane will serve as investment manager for the new offering while Apex Group is the transfer agent and fund administrator. ↗

Northern Trust has selected FINBOURNE Technology to help accelerate its digital journey. Northern Trust will leverage FINBOURNE’s cloud-native financial data management solution LUSID and specialist financial data virtualization engine, Luminesce, to modernize their valuations and reporting functions and provide enhanced service delivery to clients. Using FINBOURNE’s cloud-native SaaS, Northern Trust will have access to cost-effective and scalable data calculation and processing solutions that will enable the firm to modernize their technology strategy. ↗

Addepar has welcomed Asset-Map to its partner program. With this new integration users can instantly send client and portfolio data from Addepar into Asset-Map in order to save time, minimize complexity and reduce busy work. ↗

SimCorp has announced a strategic partnership with BPCE Insurance, (the insurance subsidiary of Groupe BPCE) for investment accounting. The integration of SimCorp will allow for better control of accounting production times by eliminating manual tasks, as well as fully automating processes and tighter control. Additionally, access to dashboards and business intelligence tools will help streamline internal reporting.  ↗

Rialto Markets has announced a new strategic partnership with Digital Securities Depositary Corporation (DSDC) in order to change the issuance of regulated American depositary receipts into a fully digital format. DSDC and Rialto Markets have teamed up to launch the DSDC’s initial offering of improved cross-border investments. Rialto Markets will undertake an oversight role on the DSDC network. This collaboration ensures compliance with US regulatory standards and aims to provide better cross-border investment opportunities to potential investors. ↗

OFFICE & PERSONNEL

Simon Ratcliffe has joined Beyond M&A as Partner, responsible for Strategy & Technology. Before joining Beyond M&A, Ratcliffe was Principal Consultant at Ensono. ↗

Maureen Meyer has joined OneTrust as a Principal UX Designer. Before joining OneTrust, Meyer was a Lead Product Designer at Onyxia Cyber. ↗

iConnections has announced two new recent promotions at the company. Susannah Haisley is now a Senior Vice President, Sales. She has been with iConnections since 2022 and was previously at Nasdaq eVestment. Grace Yang has been promoted to Operations Manager, having been with the company for the last year. ↗

Grandview Analytics has announced three new promotions at its company. Tony Kauzlarich and Phillip Dauer are both now Managing Directors and Mark C. is now Vice President. All three promotions are from within the Professional Services & Consulting Practice. ↗

Holland Mountain has welcomed Paul Putscher as its new Marketing Manager. Putscher comes from the Centre for Finance, Technology and Entrepreneurship, where he spent the last 4 years, most recently as a Marketing Lead. ↗

IQ-EQ has appointed Eléonore Delplanque de Mandelot as Head of Fiducies in France. Under Delplanque de Mandelot’s leadership, IQ-EQ plans to accelerate growth and ramp up the number of new Fiducie applications. Having joined joined IQ-EQ in 2017, she has Fiducies operations experience spanning secure banks, investors, corporates and institutions. ↗

Ontra has announced that four new people have joined its company. Gon Kim is a Senior User Experience Designer and comes from Greenhouse Software. Lauren Tokunaga is a new Business Development Operations Analyst and was previously at Sunbit. McKenna Young is a new Customer Success Manager and joins from AppFolio. And lastly, Lindsey Neal is a Community Manager, Legal Success and was also at AppFolio before joining Ontra. ↗

Christopher Tiberio has started a new position as Manager, Solutions and Consulting at SS&C Technologies. Tiberio has been with SS&C for the last two years and was previously at Allvue Systems, FIS and SunGard. ↗

Charlie Aspden has recently joined AlphaSense as a Senior Account Executive. Most recently, Aspden was VP of Sales at d1g1t and before that was at Quest Software. ↗

Finquest has announced 7 new promotions within its global team. Doreen Poh is now a Research Lead. Pedro Queirós is now a Lead Data Engineer. Davoc Feeney is now a Sales Operations Manager. Ryan Goldberg is now a Senior Sales Manager. Additionally, Daniel Loo, Janani V and Mona S have all been promoted as well. ↗

73 Strings has welcomed Marco Loiacono to the company as its new VP of Sales EMEA. Loiacono was previously Director of Sales at Accelex. He has also worked in sales at IHS Markit and Preqin. ↗

Josh Rod is the new Product Marketing Team Manager at SimilarWeb. Rod has been with the company since 2020 and was previously the Marketing Manager at Zoomin. ↗

Intelligo has welcomed its New Vice President, Rahul Ravi, who is based in the New York office. Before joining Intelligo, Ravi was a managing director at FTI Consulting. Ravi brings over 12 years of experience with leading investigative projects for clients addressing reputational risks, maintaining regulatory compliance and vetting counterparties in financial transactions. ↗

Joseph Lugo is now an Implementation Specialist - FinTech at Stavtar Solutions. Before joining Stavtar, Lugo previously held roles at Canoe & SS&C. ↗

Ryan Volak is now a Senior Platform Engineer at Drawbridge Partners. Volak has been with Drawbridge since 2021 and previously was a Senior Systems Software Support Engineer at Lumen Technologies. ↗

Cadence has announced two new promotions from within the company. Dita K. and Eli Li are now Senior Associates. ↗

Colleen Wilson has been promoted at SS&C Technologies. Wilson was an Account Executive with the company since 2021 and now she is an Associate Manager, Regulatory Reporting. ↗

Theodor Istrate is the new Engineering Team Lead at Dealstack. Before joining Dealstack, Istrate was at Sensat for over five years. ↗

VENDOR RESEARCH & WHITEPAPERS

RepRisk has a new whitepaper, "From Silos to Synthesis: Implementing ESG Data Across the Enterprise". In this whitepaper, RepRisk provides a summary of the first considerations for enterprise ESG data management, including key challenges and solutions for sourcing ESG data. ↗

Altvia has a new blog, "Private Equity Operational Efficiency: 3 Steps to Differentiate". In this blog post, Altvia covers how private equity firms can improve operational efficiency and their ability to create an original stakeholder experience to differentiate themselves in the marketplace. ↗

Axial has a new blog, "The 1,000 day exit plan". In this blog, Axial provides a suggested business exit timeline, broken out into stages, with focus areas for business owners at each stage. ↗

Asset Class has a new post, "Is Your Investment Management CRM Future Proof?". In this post, Asset Class explores how a future-proof CRM caters to evolving investor needs, enhancing communication, reporting, and tech capabilities. ↗

Acuity Knowledge Partners has a new blog, "Transforming through Business Responsibility and Sustainability Reporting". This blog delves into the significance of BRSR and its impact on encouraging sustainable business practices. ↗

qashqade has a new article, "Are private funds in South Africa ready for new regulations?". In this article, qashqade explains how unregulated private funds in South Africa will be subject to significant change when the COFI law is passed, with fund managers encouraged to adopt digitalization across their reporting processes. ↗

CEPRES has a new article, "The Role of ESG and CSR in Private Equity". In this article, CEPRES states that PE firms are increasingly incorporating ESG factors into their investment strategies as a way to balance financial returns with considerations for the public good. Additionally, CSR initiatives are implemented to contribute positively to society. ↗

Apperio has a new blog, "2024: What's next for private equity legal spend management". This blog explores the trends and best practices set to optimize legal spend management in 2024. ↗

DiligenceVault has a new whitepaper, "10 Ways Asset Managers Are Using Form ADV Data". In this whitepaper, DiligenceVault discusses the many ways in which asset managers today are utilizing form ADV data to build competitive advantage. ↗

Asset Class has a new blog, "How Technology is Changing the Way Private Equity Firms Raise Capital". In this blog, Asset Class describes how technology is revolutionizing capital raising for private equity firms through digital platforms, automation, and modernized investor interactions. ↗

SimCorp has a new blog, "4 considerations before you outsource investment accounting and reporting". In this blog, SimCorp goes over the four essentials to consider if you’re evaluating a managed service partner for investment accounting and reporting. ↗

Anaplan has a new blog, "Tackling tech business priorities in a time of economic uncertainty". In this blog, Anaplan explores five tips to manage and meet your tech company’s strategic objectives in an unpredictable market. ↗

Factset has a new article, "AI Strategies Series: Inconsistent and Outdated Responses". In this article, Factset discusses why LLMs provide inconsistent responses to the same prompt and generate outdated answers. ↗

Position Green has a new blog post, "6 tips for a sustainability report that actually gets read". In this post, Position Green discusses how to communicate your sustainability performance in a way that grabs attention and creates impact – both to your own teams and to those you want to influence. ↗

ShareVault has a new blog, "Deal-Making in the UK: Predictions, Trends and Opportunities for 2024". ShareVault feels that technology plays a pivotal role in the landscape of UK deal-making. By offering innovative solutions for communication, data analysis, and deal structuring, technology is accelerating the sector to new heights. ↗

Ontra has a new blog, "AI 101 for private equity". This article will help users to: ask the right AI-related questions, evaluate purported AI capabilities and decide how AI can bring the greatest positive impact to your work. ↗

Apperio has a new blog, "2024: What's next for private equity legal spend management". In this blog, Apperio explores the trends and best practices set to optimize legal spend management in 2024. ↗

Betterfront has posted a new article, "Presenting Track Records: Crafting Compelling Narratives for Private Equity and Venture Capital". Betterfront feels that for private equity and venture capital fund managers, a track record is not just a performance metric—it's the core of your narrative to potential investors. In this piece Betterfront provides 8 strategies to turn achievements into stories. ↗

Ontra has a new blog, "Minimize risk, maximize speed — Private equity NDA management with AI". Ontra believes that AI-powered NDA management software offers an efficient and cost-effective solution to traditional NDA outsourcing options. In this blog, Ontra discusses how to improve efficiency, reduce costs, and relieve employee bandwidth via AI-powered NDA automation. ↗

Axial has posted a new article, "9 Clauses to Include in Every NDA". Axial feels that NDAs are the first step for almost every deal — but their importance can easily be overlooked. This article covers nine clauses that should be included in every NDA. ↗

SAMETRICA has a new blog, "Transforming Data into the Right ESG & Impact Metrics". In this blog, SAMETRICA goes over four best practices to help users work effectively with portfolio companies to collect the right data, which ensures that data is then transformed into the right metrics. ↗

AWARDS

Arcesium has won silver in the ‘Excellence in Onboarding Programs’ category at the ETHRWorld Awards. This award recognizes innovative methods and processes organizations use as part of new employee onboarding as it introduces them to the ethos and operational structure of the company. ↗